News: Front Section
Posted: February 14, 2020
Hines sells Riverside Center in Newton, Mass. for $235 million
Newton, MA JLL Capital Markets has closed the $235 million sale of Riverside Center, a 509,702 s/f office building.
JLL exclusively represented the seller, Hines, and procured the buyer.
Riverside Center is one of the areas premier transit-oriented assets, boasting high-quality physical infrastructure, flexible floorplates and onsite amenities such as structured parking, a renovated café and fitness center. Located at 275 Grove St., Riverside Center is adjacent to the MBTA’s Riverside Green Line station, which provides connectivity to Boston. Additionally, the property is loacted off of the Rte. 128/Mass Pike interchange providing access to Downtown Boston and the area’s surrounding affluent communities.
JLL’s Capital Markets team representing the seller was led by Coleman Benedict, Matthew Sherry, Kerry Hawkins and Ben Sayles.
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