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.