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Vacant Malden Offices Trade with Flexible Future Use
Newmark recently secured the sale of 75 Pleasant St., a vacant 125,521-square-foot office building with flexible future use potential in Malden, MA. The sale price was not disclosed.
Co-head of U.S. Capital Markets Robert Griffin, executive vice chairman Edward Maher, Vice Chairman Matthew Pullen, executive managing director James Tribble, senior managing director Samantha Hallowell and associate directors Joseph Alvarado and Casey Valente of the Boston Capital Markets Group’s office and private capital practices represented the seller and procured the buyer, United Properties.
Encompassing five stories of about 25,000 square feet each, the property offers reusable in-place infrastructure for a variety of office, medical office, clinical or flex requirements. “75 Pleasant St. presents an attractive value-add opportunity in the heart of Malden Center, a rapidly transforming, transit-oriented downtown district in an ‘urban edge’ community just north of Boston,” said Hallowell.
- ◦Sale/Acquisition
