Bulfinch Completes $13 Million Sale of 30 Perwal Street in Westwood, MA
NEEDHAM, MA October 19, 2015—The Bulfinch Companies, Inc., a private real estate investment, development and management firm announced closing on the $13 Million sale of 30 Perwal Street, an approximately 101,000 sf single-story building located off Route 128/I-95 in Westwood, Massachusetts, to an affiliate of RJ Kelly Co., a family-owned, Burlington-based real estate investment firm.
Stan Johnson Co., an Oklahoma brokerage firm, and Boston Realty Advisor’s investment team collaborated on the assignment.
Bulfinch acquired the property in December 2012 for $9.5 million based on the quality of the building, proximity to Route 95/128 and Boston, as well as a stable cash-flow.
“We are pleased to have completed an extremely smooth transaction with Stan Johnson and Boston Realty Advisors.” said Eric Schlager, CEO at Bulfinch. “Bulfinch continues to pursue value-added opportunities that complement and enhance our portfolio in the Greater Boston market.”