Taurus Sells Boston Burbs Office Building for $51M

News

For a price tag of $50.7 million, a joint venture of Saracen Properties, of metro Boston, and New York–based CRE fintech company Cadre has acquired One Newton Place, a four-story, 172,813-square-foot Class A office building in Newton, Mass. The seller was international CRE private equity company Taurus Investment Holdings LLC.

Taurus had purchased the property, at 275 Washington St., in mid-2013 for $34 million, after which it repositioned the ground-floor retail and office space. That effort included renovations to the entrance, lobby and atrium and conversion of part of a retail space into office space.

Full Article: https://www.cpexecutive.com/post/taurus-sells-boston-burbs-office-buildi...