SOLD
Normandy Opportunity Zone Fund LP Acquires Development Sites In Somerville, MA For $48M
64 & 68 Webster Avenue, 495, 497, 513, & 517 Columbia Street, 6 Beach Avenue & 481 Columbia Street
Development Site
52,272 SF
52,272 SF
Summary
Sale
FLORIDA
Development Site
52,272 sqft
The development sites located at 64 & 68 Webster Avenue, 495, 497, 513, & 517 Columbia Street, 6 Beach Avenue & 481 Columbia Street in Somerville, MA have been sold. The transaction took place on 11/02/2020 and the sale was facilitated by JLL Capital Markets.
Summary of transaction details
- Property Type: Development Sites
- Transaction Amount: $48,000,000
The buyer of the development sites was Normandy Opportunity Zone Fund LP. The brokers involved in the deal were Matthew Sherry, Michael Restivo, Anthony Cutone, and Henry Schaffer from JLL Capital Markets.
The total square footage of the development sites is 52,272, with a price per square foot of $918.
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Agents
4
Agencies
2
Details
SOLD
IMAGE: Matthew Sherry, Michael Restivo, & Anthony Cutone
DATE: 11/02/2020
ADDRESS: 64 & 68 Webster Avenue, 495, 497, 513, & 517 Columbia Street, 6 Beach Avenue & 481 Columbia Street
MARKET: Somerville, MA
ASSET TYPE: Development Sites
BUYER: Normandy Opportunity Zone Fund LP
BROKERS: Matthew Sherry, Michael Restivo, Anthony Cutone, & Henry Schaffer - JLL Capital Markets
SALE PRICE: $48,000,000
SF: 52,272 ~ PPSF: $918View on map
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Address64 & 68 Webster Avenue, 495, 497, 513, & 517 Columbia Street, 6 Beach Avenue & 481 Columbia Street
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