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Capasso Realty Picks Up The Chatham Center

Chatham Investments Sells Newton Office Bldg. for $13.9 Million
January 24, 2018
The Chatham Center, a 66,285-square-foot, five-story office building located at 29 Crafts St. in Newton, MA, has been acquired by local firm Capasso Realty for $13.9 million, or approximately $202 per square foot.

W.T. Rich Co., Steward Health Care System and Capital Advisors Group anchor the multi-tenant office building. Completed in 1986, the property sits just off I-90 and includes 190 on-site parking spots.

NKF Capital Markets' Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell and Christian Brannelly worked in conjunction with Newmark Knight Frank’s Drew Nelson to represent Chatham Investment in the sale.

“Combining stable in-place cash flow with tangible upside potential in a premier Boston suburb, 29 Crafts Street represented a compelling investment opportunity,” said Hallowell. “The asset’s substantial rental rate discount to Downtown Boston, walkable amenities and convenient commuter location generate consistent demand from a diverse tenant roster.”

Please see CoStar COMP #4105131 for more information on this transaction.
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