Lincoln Property Company & Stars Real Estate Investments Acquire Office Building In Wellesley For $36.55M

The office property located at 70 Walnut St in Wellesley, MA has been sold. The transaction took place on January 27, 2022. The property, which spans 129,872 square feet, was purchased by Lincoln Property Company and Stars Real Estate Investments from The Nelson Companies for a sale price of $36,550,000. The price per square foot for this office asset is $281.

Summary of transation details

• Property Type: Office
• Transaction Amount: $36,550,000
• Address: 70 Walnut St, Wellesley, MA
• Market: Wellesley, MA
• Buyer: Lincoln Property Company & Stars Real Estate Investments
• Seller: The Nelson Companies
• Broker: Robert Griffin, Frank Nelson & Michael Greeley - Newmark
• Square Footage: 129,872
• Price Per Square Foot: $281

The deal was facilitated by brokers Robert Griffin, Frank Nelson, and Michael Greeley from Newmark.