Grander Capital Partners has closed on the acquisition of 313 Washington Street in the Boston suburb of Newton, Massachusetts in a $15 million deal. Totaling 81,052 sqf, the property is presently 90 percent leased to 24 tenants and anchored by a mix of analytics, technology, law and software firms. Located directly adjacent to an MBTA bus stop and immediately off Interstate 90, the building is situated just 10 miles from downtown Boston. It features ground floor retail and a below-grade parking garage. Newmark Grubb Knight Frank Capital Markets represented the seller, Taurus Investment Holdings, LLC.
“313 Washington Street features a highly-desirable location in the heart of Newton Corner, a premier price alternative to downtown Boston’s soaring rental rates,” said Matthew Pullen, Executive Managing Director NGKF Capital Markets. “Consequently, the property boasts exceptional historic occupancy, consistently more than 90 percent leased.”
