Herb Chambers Acquires Office Building In Medford, MA For $20.5M

Located at 400 Mystic Ave in Medford, MA, an office property has been sold in a recent transaction. The property spans 89,000 square feet and was sold for a price of $20,500,000, resulting in a price per square foot of $230. The sale occurred on 12/23/2021 and involved the buyer, Herb Chambers, and the seller, Eastern Bank. The brokerage for this transaction was handled by Peter Considine of Atlantic Retail.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,500,000
• Address: 400 Mystic Ave, Medford, MA
• Market: Medford, MA
• Square Footage: 89,000
• Price per Square Foot: $230

Peter Considine from Atlantic Retail represented the buyer, Herb Chambers, in this transaction. The seller, Eastern Bank, finalized the sale of the office property at 400 Mystic Ave in Medford, MA.