Boston— Newmark announced the $6.225 million sale of 63 Bay State Road, a 7,401-square-foot office asset located in the Fenway-Kenmore neighborhood of Boston,
Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Managing
Director Michael Byrne, Senior Managing Director Michael Greeley and Associates Joseph
Alvarado, George Demoulas and Casey Valente of the firm’s Boston Capital Markets and Private Capital groups represented the asset’s private seller and procured its institutional buyer.
A four-story asset that was originally developed as a single-family townhome, 63 Bay State Road features a mix of restored historical details and modern upgrades. The property was operated as a family office for previous ownership and delivered vacant to the new owner.
“We congratulate all parties involved in this successful transaction and are proud to demonstrate the power of the Newmark platform,” said Byrne.
63 Bay State Road is located directly adjacent to graduate housing, education and research
facilities for Boston University, a top-ranked private college that enrolls 33,000+ students. It is further situated within walking distance of Kenmore station, a key transit hub, and surrounded by a vibrant mixed-use environment that is anchored by Fenway Park, the home of the Boston Red Sox.