Dedham, MA – Norfolk County Register of Deeds William P. O’Donnell reported that during the second quarter of 2024, ten properties, a mix of commercial and residential, sold for more than $16,000,000, with an average price of $31,044,300.
The prices on the properties to follow concern real estate sales from April 1, 2024, through June 30, 2024.
The ten properties were:
- 34-50 Central Street, Wellesley, a collection of three boutique mixed-use retail units with a total area of 40,860 square feet, was sold in May for $16,000,000;
- Braintree Manor, a 177-bed senior living facility located at 1102 & 1106 Washington Street, sold for $22,000,000 in April;
- 715-795 Bridge Street, Weymouth, known as Riverway Plaza, a 250,000-square-foot retail center, sold in June for $23,000,000;
- 65 Walnut Street, Wellesley, a five-floor, 67,500-square-foot, multi-clinic medical outpatient building sold in June for $24,300,000;
- 1400 Providence Highway, Norwood, the three-building, 155,912-square-foot mixed-use office space, and research and development facility known as the Norwood Business Center, sold in June for $24,500,000;
- The Southfield Redevelopment Authority purchased property on Memorial Grove Avenue, Weymouth, 368,270 square feet of land on the site of the former South Weymouth Naval Air Station in June for $25,000,000;
- 1 Richard A Stratton Way, Quincy, the five-floor, 89,507-square-foot Holiday Inn hotel, sold in May for $30,498,000;
- 1280-1300 & 1330 Boylston Street, Brookline, a 5.34-acre office park comprised of four commercial buildings totaling nearly 120,000 square feet, sold in May for $41,000,000;
- 122 & 130-132 Granite Street, Quincy, the 100,000-square-foot retail shopping plaza known as Granite Place, sold in May for $41,500,000;
- 655 Washington Street, Weymouth, the 4-story, 160-unit luxury apartment complex known as Helix Apartments, sold in May for $62,645,000.
The top sales appear to have been a combination of apartment complexes, retail, and office space. Excise taxes from these 10 sales totaled more than $1,415,620 for the state and county. “The variety in these real estate transactions bodes well for the Norfolk County economy, with high-value properties selling in both commercial and residential sectors,” stated Norfolk County Register of Deeds William P. O’Donnell. “This also indicates that Norfolk County is not only a desirable place to both live and work but is also a magnet for business, industry, and trade.”