Bulfinch Completes Sale of 50 Speen Street in Framingham, MA
NEEDHAM, MA June 17, 2016 — The Bulfinch Companies, Inc., a private real estate investment, development and management firm announced that it completed the sale of 50 Speen Street, a 31,556 sf two-story building located off Interstate 90 in Framingham, Massachusetts, to 1-2 Washington Realty, LLC, a Wellesley-based real estate firm.
NAI Hunneman’s investment team, led by David Ross, a Principal at the firm, marketed the property on behalf of Bulfinch, and in addition, also procured the buyer.
Bulfinch purchased the property in 2006 as an under-managed and under-rented asset in the Metrowest market in close proximity to a number of amenities including the Natick Mall. After upgrading and repositioning, Bulfinch saw a great opportunity to sell the non-core asset in today’s dynamic investment market.
“We are pleased to have closed an extremely smooth and efficient transaction with NAI Hunneman and the Buyer.” said Eric Schlager, CEO at Bulfinch. “Bulfinch continues to pursue value-added and opportunistic opportunities in the Greater Boston market that complement and enhance our portfolio.”