Newmark, a leading commercial real estate firm, has successfully facilitated the sale of 65 Walnut Street in Wellesley, Massachusetts for $24.3 million. The property was acquired by a joint venture between Sendero Capital and TPG Angelo Gordon from Wellesley/Walnut Street LLC. This fully leased medical office building is home to 22 tenants and spans over 67,000 square feet.
The building’s prime location near Newton-Wellesley Hospital and major roadways makes it a key healthcare hub for the area. It boasts top-notch medical specialties with anchor tenants such as Mass General Brigham and Tufts Medicine.
Represented by Newmark’s experienced team of Robert Griffin, Michael Greeley, Joseph Alvarado,and Casey Valente,the seller was able to secure an ideal buyer for this thriving ecosystem of premier medical practices at 65 Walnut Street.Valente stated that during their multi-decade ownership tenure,the former owners have established this property as the epicenter of healthcare delivery in Newton,Wellesley,and surrounding affluent suburbs.This successful transaction further solidifies Newmark’s expertise in facilitating high-value deals within the commercial real estate market.
