Newmark Facilitates Sale of Office/Retail Asset, 313 Washington Street, in Newton, Massachusetts

March 7, 2025 9:00 AM

Newmark announces the firm has facilitated the sale of 313 Washington Street, an 81,058-square-foot office and retail building in Newton, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Boston Capital Markets Executive Vice Chairman Edward Maher, Vice Chairman Matthew Pullen, Executive Managing Director James Tribble, Senior Managing Director Samantha Hallowell and Associate Director William Sleeper, in conjunction with Private Capital Associate Directors Joseph Alvarado and Casey Valente, represented seller Grander Capital Partners, LLC and procured the buyer, City Realty Group.

At the time of sale, the asset was 66% leased to 20 office and retail tenants, including popular eateries Buff’s Pub and The Corner Café. The property also features a 140-space, below-grade parking garage.

“313 Washington Street is a highly desirable Newton address with an exceptional ability to capture small-tenant office demand,” said Alvarado. “The property also benefits from on-site parking and an activated retail component anchored by two of Newton Corner’s longest-standing restaurants.”

The building is located immediately adjacent to Interstate 90/the Massachusetts Turnpike, approximately seven miles from Downtown Boston, as well as being just 4.5 miles from Interstate 95/Route 128. Public transportation is available via an MBTA bus stop located directly adjacent to the property.

Newmark Senior Managing Director Daniel Krysiak provided local leasing expertise and Financial Analyst Grady Zink provided financial analysis support for the transaction.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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