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Newton Highlands Retail-Office Portfolio Trades for $11.5M

Oct 17, 2019 | Reprints | Unlock Link

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Image courtesy of KeyPoint Partners.

A trophy four-building portfolio in the heart of the Newton Highlands village has sold for $11.5 million according to information filed in the Middlesex South Registry of Deeds.

The owner, a trust, sold the properties to Back Bay-based C. Talanian Realty Co., which owns 16 buildings along Newbury Street.

Burlington-based KeyPoint Partners Vice President of Investment Sales Jonathan Aron represented the seller and procured the buyer in the transaction.

The total property contains approximately 25,000 square feet of office and retail space across the four buildings, which include 1-21 Lincoln St., 1155-1159 Walnut St., 1151 Walnut St. and 1149 Walnut St.

“This asset has a stable, diversified tenant mix, and potential for a partial or complete redevelopment”, Aron said in a statement. “The portfolio represents a once-in-a-generation opportunity.”

B&T Daily