Jumbo Capital Purchases Mixed-Use Portfolio In Wellesley From Sullivan Co Inc For $15.25M

A five-building, mixed-use portfolio located at 540-568 Washington Street in Wellesley, MA was sold for $15,250,000. The total square footage of the property is approximately 66,000, resulting in a price per square foot of $231.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $15,250,000
• Buyer: Jumbo Capital
• Seller: Jim Sullivan - Sullivan Co Inc.
• Brokers: Frank Petz, Matthew (Matt) Sherry, Rob Schlesinger, Daniel Hincks & Jack Barrett - Colliers
• Market: Wellesley, MA

The transaction involved Jumbo Capital acquiring the property from Sullivan Co Inc., facilitated by a team of brokers from Colliers, who successfully closed the deal on September 16, 2025.