Equity Industrial Partners Acquires Retail Property In Watertown, MA For $35.5M

The retail property located at 700 Pleasant Street in Watertown, MA was recently sold in a transaction that took place on February 26, 2021. The property, consisting of 69,000 square feet, was sold for a total price of $35,500,000, resulting in a price per square foot of $514. Situated on an 11.8-acre lot, the property was sold for a price per acre of $3,008,475.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $35,500,000
• Address: 700 Pleasant Street, Watertown, MA
• Market: Watertown, MA
• Seller: Winstanley Enterprises, LLC & Surrey Equities LLC
• Buyer: Equity Industrial Partners
• Broker: JLL Capital Markets

This transaction was brokered by JLL Capital Markets on behalf of the buyer and seller. Winstanley Enterprises, LLC & Surrey Equities LLC acted as the sellers, while Equity Industrial Partners served as the buyer. The property is situated in the retail market of Watertown, MA, and offers a significant investment opportunity with its large size and prime location.