186 Lincoln Street
Update
10/27/23
Newmark Completes $11 Million Sale of 186 Lincoln Street in Boston, Massachusetts
Robert Griffin, Executive Vice Chairman Edward Maher, Vice Chairman Matthew Pullen, Senior Managing Director Samantha Hallowell and Associate Director Joseph Alvarado of the firm’s Boston Capital Markets Group represented the undisclosed seller and procured the buyer, City Realty.
Totaling 73,000 square feet, 186 Lincoln Street is 49% leased to four tenants, all of which operate in the technology or advertising sectors and maintain their headquarters operations on site. The asset benefits from approximately $5 million in recent capital investment, including upgrades to its exterior, lobby, common areas, elevators and building systems, plus the buildout of three spec suites.
“186 Lincoln Street offers a combination of in-place income and value-add opportunity,” said Hallowell. “Its strategically sized floor plates, which range from approximately 6,700 square feet to 9,800 square feet, align well with Downtown Boston’s small-tenant demand.”
186 Lincoln Street benefits from a desirable location just four blocks from the South Station transit hub and is immediately accessible to Interstates 90 and 93. The asset is situated within walking distance of some of Downtown Boston’s most prominent landmarks, highly anticipated new developments and popular amenities.
