Newmark said Thursday it arranged the $11.75-million sale of 101 Station Landing, a 160,842-square-foot office building located three miles north of Downtown Boston in Medford, MA. A capital markets team of Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, William Sleeper, Joseph Alvarado and Casey Valente represented the seller, James Campbell Company, and procured the buyer, RJK of Burlington, MA.
Additionally, a Boston Debt & Structured Finance team of David Douvadjian, Sr., Timothy O’Donnell, David Douvadjian, Jr. and Conor Reenstierna secured acquisition financing from Cambridge Savings Bank.
The owner plans a strategic repositioning of 101 Station Landing, which has averaged 96% occupancy. “101 Station Landing is an exceptional canvas for repositioning,” said Brandon Kelly, CEO of RJK. “With its irreplaceable location, strong infrastructure and embedded vibrancy from the surrounding live-work-play environment, we see an opportunity to transform it into a next-generation workplace. We are committed to delivering improvements that will attract dynamic tenants seeking flexibility, connectivity and community.”
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