Wellesley, MA — Boylston Properties has acquired the Wellesley Lower Falls Collection at 30–44 Washington Street, a multi-building office campus in the Lower Falls neighborhood of Wellesley. Boston Business Journal reported that the property traded for approximately $46 million.
The acquisition was described by the Boston Business Journal as a notable deal in a suburban office market where transactions at or above assessed value have become increasingly rare. The site was last assessed at roughly $39 million, according to BBJ reporting.
The property spans more than 11 acres and includes a mix of office buildings with strong occupancy and residential assets along the perimeter of the campus. Boylston Properties plans to implement a series of enhancements focused on upgrading building exteriors, interiors, and landscaping, with the goal of creating a cohesive, welcoming environment for tenants, new occupants, and client-facing businesses. Available leasing opportunities range from approximately 200 to 8,600 square feet, offering flexible configurations for both established firms and growing companies.
“We’re grateful to the Haynes family for their decades of ownership and stewardship of this property,” said Mark Deschenes, president of Boylston Properties. “They’ve created an important commercial hub within the Lower Falls neighborhood, and we’re looking forward to building on that foundation with thoughtful updates that enhance the experience for tenants and the broader community.”
Mark Deschenes is president of Boylston Properties, a Boston-based real estate firm active across commercial and mixed-use developments in Greater Boston.
The acquisition represents a natural extension of Boylston Properties’ presence in the Greater Boston suburbs, including retail properties in Needham and Arsenal Yards, as well as its 1 million-square-foot mixed-use campus in Watertown’s East End.
“We’re thrilled to join the Wellesley community through this acquisition,” said Bill McQuillan, founding principal of Boylston Properties. “We’re excited to take ownership of a generational asset in one of Greater Boston’s most desirable communities. We approach this investment with a long-term perspective and a commitment to working with our new tenants and the broader community. Our focus is on making this a strong, vibrant place for the businesses that operate here, the residents who call it home, and the community that surrounds it.”
Bill McQuillan is a founding principal of Boylston Properties.
Located along Washington Street with direct access to Route 128 and the Massachusetts Turnpike, the campus sits within a highly accessible and amenity-rich area known for strong demographics, proximity to major employment centers, and adjacency to leading healthcare institutions.
