Timothy Sweeney & Vlad Barbalat Of Liberty Mutual Investments Acquire Wellesley Gateway North For $65M

The property asset involved in this transaction is the Wellesley Gateway North office building located at 93 Worcester Street in Wellesley, MA. The building encompasses a total of 270,000 square feet and was sold for a price of $65,000,000, translating to a price per square foot of $241.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $65,000,000
• Square Footage: 270,000 SF
• Address: 93 Worcester Street
• Market: Wellesley, MA
• Price Per Square Foot: $241
• Buyer: Timothy Sweeney & Vlad Barbalat - Liberty Mutual Investments

The deal was facilitated by Timothy Sweeney and Vlad Barbalat, who represent Liberty Mutual Investments in this transaction. This acquisition reflects current trends in the office market, particularly the downturn influenced by hybrid and remote work patterns.