Newton, MA NGKF Capital Markets has completed the sale of 313 Washington St. to Grander Capital Partners, LLC for $15 million. The NGKF Capital Markets Boston team, led by U.S. Head of Capital Markets Robert Griffin, vice chairman Edward Maher and executive managing director Matthew Pullen, in conjunction with Newmark Grubb Knight Frank senior managing director Dan Krysiak, leasing agent for the property, oversaw the transaction of the office and retail asset with a below-grade parking garage on behalf of Taurus Investment Holdings, LLC.
Totaling 81,052 s/f, 313 Washington St. is presently 90% leased to 24 tenants and anchored by a diverse mix of analytics, technology, law and software firms. Its street-level retail component is highlighted by a popular sports bar (Buff’s Pub), an ATM (Bank of America), a dentist’s office (Newton Corner Dental) and a custom embroider (EmbroidMe).
“313 Washington St. features a highly-desirable location in the heart of Newton Corner, a premier price alternative to downtown Boston’s soaring rental rates,” said Pullen. “Consequently, the property boasts exceptional historic occupancy, consistently more than 90% leased.”
Located adjacent to an MBTA bus stop and off I-90 (Mass. Turnpike), 313 Washington St. is situated 10 miles from downtown Boston.
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services.