The Winhall Companies acquires newly-renovated Newmarket Center offices in Roxbury for $8.85 million

The Winhall Companies, a local real estate development and investment company led by brothers Kenneth and Richard Epstein, has acquired the 54,800-square-foot Newmarket Center offices in Roxbury for $8.85 million, or $161.50 per square foot. The building stands on a 13,700-square-foot parcel; a 74-space, 22,500-square-foot parking lot, which is located across from Newmarket Center and is used for tenant parking, is also included with Winhall’s acquisition.

Newmarket Center last sold in October 2013 for $1.275 million ($23.27 per square foot) to DDJB Real Estate Holdings, LLC, who renovated and upgraded the building to create repositioned brick-and-beam office space. Country Bank for Savings provided $4.8 million in mortgage financing for Winhall’s acquisition. In addition to leading Winhall, the Epstein brothers are also the co-founders of co-working office space provider Workbar, which operates several spaces across the Boston area.

View Newmarket Center >>