News: Retail
Posted: June 23, 2017
NAI Hunneman sells two retail buildings totaling $11.65 million
1257 Highland Avenue - Needham, MA
Needham, MA According to NAI Hunneman, a leading provider of commercial real estate services, its capital markets team co-brokered the $11.65 million sale of 1257 and 1299 Highland Ave.
NAI Hunn-eman executive vice president David Ross represented the buyer, South Street 4414 Holdings, LLC, while Craig Barker from Boston Real Estate Advisors represented the seller, DWM Interests, LLC and LGM Interests, LLC.
The two retail buildings totaling 21,252 s/f are set on a 1.41-acre site that fronts Highland Ave. and share a parking lot. The property is also a short walk to Needham Center and minutes from Rte. 128.
“The property offered the buyer a well-located asset with a solid tenant roster making it a very appealing investment,” said Ross.
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