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155 North Beacon Street

Updated Oct 30, 2025

New Balance Acquires Development Site From Stephen A. Rosetta In Brighton For $35 Million
SOLDDevelopment Site

New Balance Acquires Development Site From Stephen A. Rosetta In Brighton For $35 Million

155 North Beacon Street

$35,000,000

Building Size

—

Asset Type

Development Site

Closing

Oct 28, 2025

About this deal

AI

A development site located at 155 North Beacon Street in Brighton, MA, has been sold for $35 million. The asset spans three acres and was once intended for a 409,000-square-foot lab project. The site currently remains vacant amid an oversupply situation in Boston's lab space market.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $35,000,000
  • Buyer: New Balance
  • Seller: Stephen A. Rosetta - IQHQ
  • Building Size (BSF): 409,000
  • Price per Building Square Foot (PPBSF): $86
  • Date of Transaction: 10/28/2025

This transaction involved New Balance's development arm purchasing the site from Stephen A. Rosetta, who represents IQHQ, a life sciences developer. The intended lab project known as “4 Life” for this parcel has not materialized, contributing to the current state of vacancy.

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$35,000,000

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IQHQSeller

Brighton Development Site Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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