Home Depot Acquires Retail Property At 615 Arsenal Street Watertown For $72 Million

A retail asset located at 615 Arsenal Street in Watertown, MA has been sold for $72 million. The property spans 126,460 square feet, resulting in a price per square foot of $569.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $72,000,000
• Buyer: Edward Decker - Home Depot
• Seller: Mark Deschenes - Boylston Properties & J.P. Morgan Global Alternatives
• Market: Watertown, MA
• Square Footage: 126,460
• Price Per Square Foot: $569

The transaction involved Edward Decker representing Home Depot as the buyer, while Mark Deschenes represented the joint venture of Boylston Properties and J.P. Morgan Global Alternatives as the seller. This joint venture acquired the property in January 2022 for $96.25 million.