Crosspoint Associates And Arris Partners Acquire Retail Portfolio In Burlington For $10.5M

The transaction involves a retail portfolio consisting of two buildings located at 10 Wall Street and 2 Wall Street in Burlington, MA. The sale price for this portfolio was $10,500,000, encompassing a total square footage of 34,908, which equates to a price per square foot of $319.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Address: 10 Wall Street & 2 Wall Street
• Market: Burlington, MA
• Square Footage: 34,908
• Price per Square Foot: $319
• Buyer: Crosspoint Associates & Arris Partners
• Seller: The Gutierrez Company
• Broker Representatives: Frank Petz, Matthew Sherry, Rob Schlesinger, Jack Barrett & Daniel Hincks - Colliers

This transaction was marked by a joint venture between Crosspoint Associates and Arris Partners purchasing the retail portfolio from The Gutierrez Company. Colliers facilitated the deal, showcasing their involvement through the representation of several brokers to oversee the transaction process.