Norfolk County Register of Deeds William P. O’Donnell reported that in 2021, seventeen properties, all commercial, sold for more than $50,000,000.
The top ten most expensive properties were:
- 190 Mediterranean Drive, Weymouth, a 418 unit apartment complex known as “Weymouth Commons” sold in November for $151,925,000;
- 115-129 Dean Avenue, Franklin, a 23 acre parcel slated to be developed into a 250 unit apartment complex, sold in December for $129,125,000;
- 2 Hancock Street, Quincy, a 280 unit, 12 story apartment building known as “Neponset Landing”, sold in December for $114,500,000;
- 180-370 Providence Highway, known as the “Dedham Mall” with 510,000 square feet of retail space, sold in November for $108,154,573;
- 1 Investors Way, Norwood, a 54 acre property with an office building adjacent to the Moderna property, slated to be developed into a bio-manufacturing facility, sold in April for $105,000,000;
- 351-353 Maple Street, Bellingham, industrial property presently including two warehouses, one of which is now an Amazon delivery facility, sold in May for $93,350,000;
- 155 King Street, Cohasset, a 226 unit apartment complex built in 2012 and known as the “Preserve at Cohasset” sold in January for $90,250,000;
- 100 Hilltop Drive, a 22 acre, 300 unit apartment complex built in 2004 and known as the “Preserve in Walpole”, sold in November for $$87,600,000;
- 10 Faxon Avenue, Quincy, a 10 story, 200 unit apartment building built in 2006 and known as the “Amelia Apartments”, sold in July for $84,000,000; and
- 625 Thomas Burgin Parkway, Quincy, a 180 unit apartment complex built in 2016 and known as “Mill Creek Residences”, sold in February for $61,600,000.
“Despite the pandemic, the Norfolk County commercial real estate market was one of the busiest in years”, noted Register O’Donnell. “It appears that the top sales consisted primarily of residential apartment complexes but the development of the three properties in Norwood, Bellingham and Franklin bodes well for the Norfolk County economy in terms of employment and tax revenue. The top ten sales generated over $4.6 million in excise taxes for the state and county. We hope 2022 continues in a positive trend”.
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The Norfolk County Registry of Deeds is located at 649 High Street in Dedham. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information. All land record research information can be found on the Registry’s website www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center via telephone at (781) 461-6101, or email us at email@example.com.