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

Property Image
SOLD
$26,750,000
Joe Wagner
Nat Heald
+ 1

Massachusetts

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Retail13,500 SF
Sold 08/30/2022
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Property Image
SOLD

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

2 Newbury St

See Similar Deals
Retail13,500 SF
Sold 08/30/2022
Joe Wagner
Nat Heald
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1,981
Total Square Footage:13,500 SF
Transaction Type:Sale

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.

Players

Kevin Benzinger
38 deals$478.4M volume
BROKER

Nat Heald
CBRE
20 deals$885.9M volume
BROKER

Joe Wagner
Boston Realty Advisors
16 deals$88.9M volume
BROKER

Whitney Gallivan
Boston Realty Advisors
13 deals$78.7M volume
BROKER

BUYER

Details

SOLD
IMAGE: Joe Wagner, Whitney Gallivan & Kevin Benzinger DATE: 08/30/2022 ADDRESS: 2 Newbury St MARKET: Boston, MA ASSET TYPE: Retail BUYER: Stonegate Group SELLER: Burberry Limited BUYER'S REP: Nat Heald - JLL SELLER'S REP: Joe Wagner, Whitney Gallivan & Kevin Benzinger - Boston Realty Advisors SALE PRICE: $26,750,000 SF: 13,500 ~ PPSF: $1,981

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