Bulfinch Completes $4M Sale of Waltham Development Site
NEEDHAM, MA September 10, 2015—The Bulfinch Companies, Inc., a private real estate investment, development and management firm announced, that earlier this summer, it completed the $4 Million sale of 256 Second Avenue, an approximately 1.5 acre development land site fronting Route 128/I-95 in Waltham, Massachusetts.
Formerly the headquarters location of the Massachusetts Realtors Association, Bulfinch purchased the property in July 2011 and demolished the existing building for redevelopment. The asset garnered significant interest from multiple users because of the property’s tremendous visibility and frontage on Route 128/I-95 as well as location in the highly desirable Waltham corridor.
“We are pleased to have closed this transaction seamlessly.” said Eric Schlager, CEO at Bulfinch. “We will continue to look for value-added opportunities that are the right fit for Bulfinch, and that will enhance our portfolio.”