BOSTON –(Realty News Report) – Hines has sold its Riverside Center trophy office project in Newton, Mass. for $235 million.
Riverside Center is a 509,702-square-foot, trophy-quality office building in the Boston area.
JLL exclusively represented the seller, Hines, and procured the buyer.
Riverside Center is one of Boston’s premier transit-oriented assets, boasting high-quality physical infrastructure, flexible floorplates and leading onsite amenities such as structured parking, a newly renovated café and fitness center. Located at 275 Grove Street, Riverside Center is immediately adjacent to the MBTA’s Riverside Green Line station, which provides connectivity to Boston’s urban core. Additionally, the property has access tothe Route 128/Mass Pike interchange providing access to Downtown Boston and the area’s surrounding affluent communities.
JLL’s Capital Markets team representing the seller was led by Coleman Benedict, Matthew Sherry, Kerry Hawkins and Ben Sayles.