Project Progress: Acquired by Proponent

  • One newton place 275 washington street newton ma
Developers Saracen Properties
Real Estate Brokers HFF

About One Newton Place

275 Washington St, Newton, MA

One Newton Place is a four-story, Class A, 172,705 square foot office and retail building with a connected parking structure located immediately adjacent to 313 Washington Street. Both buildings are situated alongside and directly accessible to the Massachusetts Turnpike (U.S. Interstate 90) in the heart of Newton Corner and the epicenter of Newton’s office market.

This trophy-quality office property is counted among suburban Boston’s most recognizable landmark buildings featuring world-class architecture. This asset has also been leased at or near 90% with a roster of tenants that include Adobe, Recombinant by Deloitte, National Public Relations | SHIFT Communications, Clearview Healthcare Partners and Odysseys Unlimited. Purchased at a significant discount to replacement cost, One Newton Place presents a significant value-add opportunity to reposition the retail and office components of the building.

Construction Cost $50,750,000.00
Acquisition Cost $50,750,000.00
Square Feet 172,705
Sector

Office

Retail

Stories 4
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One newton place 275 washington street newton ma

Mar 04, 2019

Saracen Properties has acquired One Newton Place from Taurus Investment Holdings for $50.75 million.

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