SOLD
The Bulfinch Companies Acquires Development Site On Highland Ave In Needham For $57.5M
557 Highland Avenue
Development Site
409,000 SF
409,000 SF
Summary
Sale
MASSACHUSETTS
Development Site
409,000 sqft
The development site located at 557 Highland Ave in Needham, MA has been sold in a closed transaction. The sale took place on December 15, 2021. The property was purchased by The Bulfinch Companies from John Muzi Associates. The transaction was facilitated by two broker teams, Jeremy Freid, Adam Meixner, Tyler Capecci, and Jordan Sneider from 128 CRE, and Jason Weissman, Nick Herz, and Kevin Benzinger from Boston Realty Advisors.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $57,500,500
- Address: 557 Highland Ave, Needham, MA
- Market: Needham, MA
The development site spans a total area of 409,000 square feet. The sale price equates to a price per square foot (PPSF) of $141. The building square footage (BSF) measures 307,000, resulting in a PPSF of $187. This transaction signifies a significant investment in the thriving Needham market.
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9
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Agencies
2
Details
SOLD
IMAGE: Jeremy Freid, Adam Meixner, Tyler Capecci, Jordan Sneider, Jason Weissman, Nick Herz & Kevin Benzinger
DATE: 12/15/2021
ADDRESS: 557 Highland Ave
MARKET: Needham, MA
ASSET TYPE: Development Site
BUYER: The Bulfinch Companies
SELLER: John Muzi Associates
BROKER: Jeremy Freid (@JeremyaFreid), Adam Meixner (@AdamMeixner), Tyler Capecci (@TCapech), Jordan Sneider (@JSneids) - 128 CRE; Jason Weissman, Nick Herz & Kevin Benzinger - Boston Realty Advisors
SALE PRICE: $57,500,500
BSF: 307,000 ~ PPSF: $187
SF: 409,000 ~ PPSF: $141View on map
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Address557 Highland Avenue
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