Two retail buildings in Boston’s Back Bay neighborhood have been purchased by a developer and investor for $12 million.

Abbey Road Back Bay LLC, an entity formed and managed by Abbey Road Advisors of Westport, Conn., completed the sale of the buildings at 131 Newbury St. and 569 Boylston St. to Raj Dhanda, a developer and investor with a portfolio of local properties.

"The acquisition of these two properties complements my portfolio of urban properties, a collection to be appreciated in terms similar to gem stones," Dhanda said. "Like fine jewels, each property exhibits its own unique qualities and innate value."

In addition to owning a portfolio of properties in Brookline, the Back Bay and Cambridge, Dhanda is the founder and owner of Neena’s Lighting, a company that now operates four designer lighting showrooms in and around Boston. Among his real estate holdings is an all-glass contemporary building in Cambridge’s Harvard Square, now under construction, the first new building in that location since 1992, according to a statement.

131 Newbury Street and 569 Boylston St. are both located on the block between Clarendon and Dartmouth Streets in the Back Bay section of Boston. Their combined square footage of 13,350 square feet is divided between six apartment units and two retail spaces at 131 Newbury St. and two retail spaces at 569 Boylston St. Abbey Road Advisors purchased both buildings in May 2008, making significant improvements to six apartments and re-leasing the commercial spaces to the current roster of tenants which includes Winston Flowers and Levi’s Only at 131 Newbury St. and Boloco and La Dolce Vita Salon and Day Spa at 569 Boylston St.