Lincoln Property Acquires Newton Wellesley Executive Office Park For $36.6M

The $36.6 million sale of Newton Wellesley Executive Office Park has been completed in Wellesley Hills, Massachusetts. The property, located at 70 Walnut St, Wellesley, MA, 02481, consists of four buildings and spans a total of 129,872 square feet. The seller, The Nelson Companies, was represented by Robert Griffin of Newmark, while the buyer was Lincoln Property Company.

Summary of transaction details:

• Property Type: Office and Medical Office Campus
• Transaction Amount: $36,600,000.00
• Market: Wellesley Hills
• Seller's Representative: Robert Griffin (Newmark)
• Buyer: Lincoln Property Company

Newmark's team, including Frank Nelson and Michael Greeley, facilitated the transaction. Daniel Krysiak provided local leasing expertise, Nickolas Revers offered financial analysis support, and Allie Percoco assisted with transactional support. Greeley highlighted the property's appeal to medical providers near Newton-Wellesley Hospital, as the office park is currently 93% leased to a mix of longstanding office tenants and medical office users.