960 Massachusetts Avenue & 100 Newmarket Street
Update
09/27/17
National Development and Charles River Realty Investors acquire developable Newmarket industrial property for $11.7 million
National Development and Charles River Realty Investors have acquired a 2.77-acre industrial property in Roxbury's Newmarket Square for $11.7 million. Two buildings stand on the property, bounded by Massachusetts Avenue, Theodore Glynn Way and Newmarket Street. 960 Massachusetts Avenue, a three-story, 75,424-square-foot building, is 84%-leased to seven tenants. 100 Newmarket Street, a single-story, 6,000-square-foot building, is fully leased. The property is zoned for a variety of uses, including warehouse/distribution, manufacturing, research and development, retail, creative office and laboratory, presenting potential for a development project of approximately 240,000 square feet.
Commercial broker Transwestern Consulting Group represented seller 960 Massachusetts Avenue Limited Partnership and sourced the buyer. National Development and Charles River Realty Investors have retained Transwestern to provide leasing services for the property. The property is located minutes to Downtown Boston, within close proximity to the Newmarket MBTA Commuter Rail Station, the Massachusetts Turnpike and Interstate 93.