Northland Acquires Two Commercial Properties in Newton
International Business Times
Thursday, February 19, 2015
Northland Investment Corporation, a privately held real estate investment company, has recently acquired two commercial properties in Newton, MA. Northland now owns 12 commercial properties in Massachusetts, and is one of the top fifty multifamily asset owners in the U.S.
The two properties, 215 Needham Street and 160 Charlemont Street, are conveniently located in the retail center of Newton, less than 8 miles from Boston and less than a mile from Route 128 and Route 9.
“These properties are in close proximity to several other properties that Northland owns on Needham Street, positioning us well for future growth and development in this area,” said Steven P. Rosenthal, President and CEO of Northland. “Needham Street is a popular retail destination and is surrounded by desirable residential communities and we are very optimistic about the area’s continued development.”
215 Needham Street is a 24,520 square foot, one-story building, which has undergone a re-development to accommodate new tenants including Petsmart, Men’s Warehouse, and Five Guys Burgers and Fries, which all opened late in 2014. 160 Charlemont Street is a one-story building with 90,825 square feet of existing industrial space with the potential for expansion or redevelopment.