Boston, MA NGKF Capital Markets has completed the sale of the 201 Newbury St. retail condominium to TH Real Estate, on behalf of a private group of Irish investors. Executive managing director Geoffrey Millerd, managing director Justin Smith and associate director Paul Penman of the NGKF Capital Markets Boston team, which is led by U.S. head of capital markets Robert Griffin, oversaw the transaction of the flagship retail asset.
Totaling 24,712 s/f, the 201 Newbury St. retail condominium is presently 100% leased to six tenants including Anthropologie, Ted Baker, Dr. Martens, Timberland, Francesca’s and Jacadi. The asset is located directly below The Prince, a 36-unit luxury residential condominium property, along Boston’s most exclusive retail corridor.
“201 Newbury Street’s retail rent roll represents the exact type of national and international brands that are highly sought after in today’s marketplace,” said Penman. “The property also boasts a prominent corner location on one of the most vibrant intersections on Newbury Street, benefiting from excellent year-round pedestrian traffic from locals and tourists.”