Wellesley, MA — March 15, 2021 — SVN | Parsons Commercial Group | Boston has completed the sale of a 17,000 square foot mixed-use portfolio at 25-35 and 53-61 Central Street Wellesley 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.
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.