128 CRE is pleased to offer the opportunity to acquire 77-79 Wexford Street in Needham, Massachusetts. The property comprises a 21,912 SF flex building situated on 1.02 acres within one of New England’s strongest suburban markets. Fronting both Wexford Street and Charles Street, 77-79 Wexford Street is fully leased to AT&T, Schlage Lock Company, and Saltwoods, a custom furniture designer and manufacturer. Each of
which has meaningful lease term remaining and the property represents a compelling opportunity for a 1031 exchange buyer, income-oriented investor, or potential redeveloper.
A value-add opportunity exists through potential rental rate upside and the benefits of the Town of Needham’s upzoned district may also provide an opportunity for future redevelopment. The asset is located in the heart of one of New England’s most exclusive and affluent residential communities. Needham’s excellent schools, convenient public transportation, and abundant retail amenities contribute to its position as one of the most desirable communities in Massachusetts.
Needham is also recognized for its expanding infrastructure, proximity to Boston, and strong business environment. The community benefits from a concentration of innovative companies, educational institutions, and established employers, including Tripadvisor, SharkNinja, NBCUniversal, Children’s Hospital, the Mount Ida Campus of UMass Amherst, Harvard Vanguard Medical Associates, and Olin College of Engineering.
