Jumbo Capital Inc Acquires Wellesley Office Portfolio From Haynes Management Inc

An office portfolio in Wellesley, MA, consisting of seven buildings located at 40 Grove Street, 326-332 Washington Street, 16 Laurel Avenue, 336 Washington Street, 10 Prescott Street, and 16 Prescott Street, has been sold for $48.5 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $48,500,000
• Buyer: Jay Hirsh - Jumbo Capital Inc
• Seller: Arnold Haynes - Haynes Management Inc

Jay Hirsh represented Jumbo Capital Inc as the buyer in the acquisition of this significant office portfolio in Wellesley from Arnold Haynes, who was represented by Haynes Management Inc. This transaction marks a substantial investment in the Wellesley office market.