Jumbo Capital Acquires Property In Waltham For $80 Million With Seller's Reps Pullen And Maher

The Stony Brook Office Park, located at 130 Turner St, Waltham, MA, has been sold for $80,000,000. The property spans 16 acres and includes four interconnected buildings with a total of 270,196 square feet of office space. Additionally, there is a 3,925-square-foot retail asset located at Five Turner St. At the time of the sale, the property was fully leased with major tenants including Brainshark, Wolters Kluwer, TIAA, Stanley Black & Decker, Ultratech, DDJ Capital Management, and Wells Fargo.

Summary of transaction details:

• Property Type: Office Park
• Transaction Amount: $80,000,000.00
• Address: 130 Turner St, Waltham, MA, 02453
• Market: Waltham
• Seller's Representative: Matthew (Matt) Pullen, Edward Maher - Newmark
• Buyer: Jumbo Capital
• Square Footage: 270,196 SF

NKF Capital Markets facilitated the transaction, with Robert Griffin, Edward Maher, Matthew Pullen, James Trible, and Samantha Hallowell representing the seller, Clarion Partners. The deal highlights the involvement of several key individuals from NKF Capital Markets, who played a pivotal role in the negotiation and arrangement of the sale.