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1690 Revere Beach Parkway

Greystar Development Acquires Development Site In Everett, MA For $56M

1690 Revere Beach Parkway

Development Site
300,636 SF
clock iconSold 1 year ago
Thomas (Tom) Welch
Kevin Jones
John Flaherty
+ 4
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Development Site
300,636 sqft

The development site located at 1690 Revere Beach Pkwy in Everett, MA has been sold in a transaction. The property, with a sale price of $56,000,000, offers 84,544 buildable square footage at a price per buildable square foot (PPBSF) of $662. The total square footage of the site is 300,636, and the price per square foot (PPSF) of the property is $186. The transaction took place on November 18, 2022.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $56,000,000
  • Buildable Square Footage: 84,544
  • Price per Buildable Square Foot (PPBSF): $662
  • Total Square Footage: 300,636
  • Price per Square Foot (PPSF): $186
  • Address: 1690 Revere Beach Pkwy, Everett, MA
  • Market: Everett, MA

The buyer in this transaction is Greystar Development, while The Grossman Companies acted as the seller. The deal was facilitated by brokers Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones from Cushman & Wakefield, along with Jeff Black and Thomas Welch from Colliers.


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Thomas (Tom) Welch's profile picture
Thomas (Tom) Welch
Colliers International-image
Executive Vice President
$56M Sold
Kevin Jones's profile picture
John Flaherty's profile picture
Bruce Lusa's profile picture


Deal Summary
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IMAGE: Jon Bryant, Avi Shoss, John Flaherty,Paul Dawson, Bruce Lusa, David Grossman, Chris Sower, Jacob Grossman, Kevin Jones, Jeff Black, Gary Kerr & Thomas Welch DATE: 11/18/2022 ADDRESS: 1690 Revere Beach Pkwy MARKET: Everett, MA ASSET TYPE: Development Site BUYER: Greystar Development SELLER: The Grossman Companies BROKERS: Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty & Kevin Jones - Cushman & Wakefield; & Jeff Black & Thomas Welch - Colliers SALE PRICE: $56,000,000 BSF: 84,544 ~ PPBSF: $662 SF: 300,636 ~ PPSF: $186

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Address1690 Revere Beach Parkway


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