Needham, MA NKF Capital Markets has completed the sale of 89 A St. to MetLife Investment Management for $96.5 million. On behalf of Normandy Real Estate Partners and Westbrook Partners, NKF Capital Markets vice chairman Edward Maher, executive managing director Matthew Pullen, director James Tribble and associate director Samantha Hallowell of the Boston office, which is led by co-head of U.S. Capital Markets Robert Griffin, oversaw the transaction of the 247,542 s/f office building.
89 A St. is anchored by the global headquarters of SharkNinja, a leading household cleaning and kitchen appliance company. The newly-renovated property features a two-story lobby, two interior courtyards, a cafeteria and a fitness center.
“Offering open, collaborative office space in a dynamic mixed-use location with seamless accessibility, 89 A St. enables tenants to attract and retain a modern workforce,” said Pullen. “SharkNinja’s headquarters commitment at 89 A St. underscores this competitive advantage – the firm consolidated four locations across Needham and Newton to the property.”
89 A St. is located within Founders Park, a 41-acre campus featuring more than $350 million in recently completed and ongoing investment. Highlights include the corporate headquarters of TripAdvisor and a 128-key Residence Inn hotel with a regional headquarters/media center for Comcast subsidiary NBCUniversal and a 390-unit apartment complex slated for future delivery. The park offers access to two interchanges along I-95/Rte. 128 as well as shuttle service to the MBTA Green Line’s Newton Highlands station.