Eli Lakkis Acquires Retail Property At 483 & 493 Concord Avenue For $4.275M

The property asset involved in this transaction is a retail space located at 483 & 493 Concord Avenue in the Cambridge, MA market. The sale occurred for a transaction amount of $4,275,000, which corresponds to 5,530 square feet, resulting in a price per square foot of $773.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,275,000
• Square Footage: 5,530
• Price per Square Foot: $773
• Buyer: Eli Lakkis
• Seller: Patricia Sozio
• Buyer's Representative: Andrew Mazzeo - All Star Realty, Inc.
• Seller's Representatives: Rita Guastella & Russell Hulteen - Coldwell Banker
• Date of Sale: 5/22/2026

Key individuals involved in this transaction include the buyer Eli Lakkis, who has secured the property, and sellers Patricia Sozio, who has divested the asset. The representatives for the buyer, Andrew Mazzeo from All Star Realty, Inc., and for the seller, Rita Guastella and Russell Hulteen from Coldwell Banker, facilitated this transaction, ensuring that both parties were properly supported during the sale process.