Updated Oct 30, 2025
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.
On the Map
$35,000,000
Development Site
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Brighton Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
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