Wellesley, MA– SVN Parsons Commercial Group recently completed the sale of a
17,000 square foot mixed-use portfolio at 25-35 and 53-61 Central Street in Wellesley, MA to Linear Retail for a combined purchase price of $12.25 million.
Senior Advisor Marilyn Santiago of SVN Parsons Commercial Group Boston represented the seller.
25-35 Central Street is an 11,000 square foot two-story building with 6,500 square feet of ground floor retail space, 2,500 square feet of residential and office space, and 2,000 square feet of below-grade retail space.
Tenants include Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers. There is currently 1,182 square feet of ground floor retail space available for lease.
53-61 Central street is a single-story retail store block with 6,000 square feet of retail space. The fully leased building has five tenants: Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers, and Wellesley Toy Shop.
Linear Retail currently owns two other store blocks in Wellesley Square located at 61-71 Central Street and 74-102 Central Street.
“The Linear team was professional, knowledgeable and a pleasure to work with throughout the sale process,” Santiago said.