Brandon Kelly Of RJK Acquires Office Building In Medford, MA From Kevin E. Penn For $11.75M

The transaction involved the sale of an office building located at 101 Station Landing in Medford, MA. The property has a total area of 160,482 square feet and was sold for $11,750,000, resulting in a price per square foot of $73.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,750,000
• Buyer: Brandon Kelly - RJK
• Seller: Kevin E. Penn - James Campbell Company
• Brokers: Joseph Alvarado, Casey Valente, William Sleeper, Edward Maher, James Tribble, Matthew Pullen, Robert Griffin & Samantha Hallowell - Newmark
• Lender: Cambridge Savings Bank
• Mortgage Brokers: Conor Reenstierna, David Douvadjian Jr, David Douvadjian Sr. & Timothy O’Donnell - Newmark

RJK, represented by Brandon Kelly, is planning a major repositioning of the office asset. The transaction was facilitated by Newmark, who acted as brokers for both the sale and the mortgage process. Key individuals from Newmark included several brokers who played a role in this complex deal.