Joe Albanese Of Commodore Builders And Bill Cress Of Prospectus LLC Acquire Office In Newton For $23.8M

The asset involved in this transaction is an office building located at 1210-1230 Washington Street in Newton, MA. The property was sold for $23,800,000 and encompasses a total of 96,000 square feet, resulting in a price per square foot of $248.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,800,000
• Buyer: Joe Albanese - Commodore Builders
• Buyer: Bill Cress - Prospectus LLC
• Seller: Jon Davis - The Davis Cos.
• Seller: Paul Marcus - Marcus Partners
• Market: Newton, MA
• Square Feet: 96,000
• Price per Square Foot: $248

Commodore Builders, under the leadership of CEO Joe Albanese, and Prospectus LLC's Bill Cress executed the acquisition of the property, which will now serve as the new headquarters for Commodore Builders following this successful purchase.