Norfolk County Register of Deeds William P. O’Donnell reported that in 2022, twenty properties, all commercial, sold for more than $19,000,000 with a median price of $61,249,500.

The prices on the property to follow concern real estate sales during the period of January 1st, 2022, through December 31st, 2022.

The twenty properties were:

20. 495 Turnpike Street, Canton, a 93,000-square-foot warehouse facility on 14 acres, sold in July for $19,750,000.

19.   7 Taunton Street, Plainville "Willow Trace," an 88-unit apartment complex, sold in September for $20,100,000;

18.  418-444 Walpole Street, Norwood, the 98,000-square-foot multi-tenant retail shopping center on 8 acres sold in October for $20,890,000;

17.  In July, the same 98,000-square-foot property at 418-444 Walpole Street, Norwood, sold for $21,000,000;

16.  30 Dan Road, a 134,800 square foot, two-story office building on 9 acres, intended to be redeveloped into a life science office and industrial facility, sold in August for $21,000,000;

15.  2 Edgewater Drive, Norwood, a 98,000-square-foot, two-story office building on 7 acres, tenanted by Siemens Healthcare Diagnostics, sold in August for $24,500,000;

14.  Stoughton's 200 Shuman Avenue, a 160,000-square-foot manufacturing and warehouse distribution facility on 18.5 acres, sold for $42,000,000 in November;

13.  1 Arboretum Way, Canton, the "Woodfield Commons,” a 156-unit apartment complex, sold in August for $50,000,000;

12.  1440 Beacon Street, Brookline, a 136-unit apartment complex located near Coolidge Corner, sold in February for $52,900,000. 

11.  130-150 Nahatan Street, Norwood, a 108,981-square-foot retail complex known as "Norwood Plaza,” sold in May for $57,749,000;

10.  2500 Avalon Drive, Sharon, the “Wren at Sharon,” a 156-unit apartment complex, sold in October for $64,750,000;

9.  300 Financial Park Drive, Franklin, a 300,000-square-foot warehouse and distribution facility, sold in April for $73,600,000;

8.  235 Gould Street, Needham, a senior and assisted living facility known as the “Wingate Residences at Needham,” sold in January for $73,848,192;

7.  135 Old Post Road, Sharon, a 192-unit apartment building known as “The Point in Sharon,” sold in January for $74,500,000;

6.  1000 Marriott Drive, Quincy, the “Marriott Boston Quincy Hotel,” sold in March for $82,200,000;

5.  95 West Squantum Street, Quincy, a twelve-story apartment building known as “Gamma North Quincy,” sold in April for $90,000,000;

4.  160 Mechanic Street, Bellingham, a 345,000-square-foot, newly renovated distribution center, sold in April for $96,700,000;

3.  100 Rustcraft Road, Dedham, a 421,924-square-foot office and warehouse complex, adjacent to Legacy Place, sold in July for $134,100,000;

2.  250 Station Circle, Dedham, the “Avens at Dedham Station”, a 282-unit apartment complex sold in September for $142,250,000;

1.  96-114 Worcester Street, Wellesley, the Sun-Life Assurance office park sold in June for $202,000,000;

The top sales appear to have been a combination of residential units, retail space, industrial and warehouse space, and distribution facilities.

“This development bodes well for the Norfolk County economy, both in terms of employment and revenue,” said Register O’Donnell.

Excise taxes from these 20 sales totaled more than $6.2 million for the state and county.

"Despite a reduction in the residential real estate sector, the commercial real estate market in Norfolk County remains active," noted Register O’Donnell.

In total, there were 17,398 property sales recorded in the Norfolk Count during 2022, with an average price of $1,173,256.

"As we head further into 2023, we hope to see similar real estate activity, time will tell."