Lexington, MA— Colliers announced the sale of a prominent mixed-use asset in the heart of Lexington Center. The approximately 31,000-square-foot property at 1792 Massachusetts Avenue was acquired by Lexington Plaza LLC, a Boston-area investment firm, for $4.09 million.
The deal was brokered by Kendin Carr, Vice President at Colliers, who represented the seller, Viano Realty Trust, in the transaction. After launching a comprehensive marketing process, the asset drew multiple competitive bids—many of which exceeded initial pricing expectations.
“This was a complex and high-profile asset, and we’re proud to have delivered a result that surpassed our client’s goals,” said Carr. “Investor demand for well-located suburban mixed-use assets remains strong, especially in communities like Lexington with high barriers to entry and long-term growth drivers.”
Strategically positioned on Massachusetts Avenue, the mixed-use portfolio features a blend of retail and office space, residential units, and a historic movie theater. The property’s central location offers direct access to the Minuteman Commuter Bikeway, and is just minutes from major transit routes including Route 2 and I-95, with easy connectivity to Kendall Square, Downtown Boston, and other key innovation corridors.
Lexington Center continues to be a highly desirable destination for both investors and tenants, given its strong demographics, walkability, and vibrant commercial mix. The sale of 1792 Massachusetts Avenue underscores continued confidence in suburban mixed-use assets—especially those with strong fundamentals and long-term growth potential.
