Michael Freno Of Barings And Kevin Sheehan & Phil Dorman Of Greatland Realty Partners Lease 100K SF Office To Global Partners LP In Newton MA

The property asset involved in the transaction is located at 275 Grove Street in Newton, MA. It features an office asset type with a total square footage of 100,000. The complex was acquired by Barings and Greatland Realty Partners for a total price of $117.5 million in 2023.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $117.5 million
• Lease Term: 12-year
• Landlord: Michael Freno - Barings; Kevin Sheehan & Phil Dorman - Greatland Realty Partners
• Tenant: Eric Slifka - Global Partners LP
• Landlord's Representative: CBRE
• Tenant's Representatives: Rob Walles, Sam Crossan & Scott Carpenter - JLL

Barings and Greatland Realty Partners secured a significant leasing win with Global Partners LP, marking a notable entry into their leasing activities after the acquisition. This 12-year lease showcases the partnership's commitment to developing their holdings in the Riverside Center area.