Stonegate Group Acquires Retail Property On Newbury St In Boston, MA For $26.75M

The property involved in this transaction is a retail asset located at 2 Newbury St in Boston, MA. The property spans 13,500 square feet and was sold for a price of $26,750,000, resulting in a price per square foot of $1,981. The buyer of the property is Stonegate Group, while the seller is Burberry Limited. The buyer was represented by Nat Heald from JLL, and the seller was represented by Joe Wagner, Whitney Gallivan, and Kevin Benzinger from Boston Realty Advisors.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $26,750,000
• Address: 2 Newbury St, Boston, MA
• Market: Boston, MA
• Buyer: Stonegate Group
• Buyer's Representative: Nat Heald - JLL
• Seller: Burberry Limited
• Seller's Representatives: Joe Wagner, Whitney Gallivan, Kevin Benzinger - Boston Realty Advisors
• Square Feet: 13,500
• Price per Square Foot: $1,981

Joe Wagner, Whitney Gallivan, and Kevin Benzinger from Boston Realty Advisors played a significant role as the seller's representatives in this transaction. They worked alongside Stonegate Group, who was represented by Nat Heald from JLL, to facilitate the successful sale of this retail property located at 2 Newbury St in Boston, MA.