300 Baker Ave., Concord
What: 300 Baker Ave.
Where: Concord
Owner: Novaya Real Estate Ventures
Built: 1957
- Novaya Real Estate Ventures has acquired 300 Baker Ave. in Concord for $63.5 million from Normandy Real Estate Partners.
- The 413,415-square-foot complex recently underwent capital improvements including lobby renovations and updated common areas, amenity spaces and building systems.
- Tenants include corporate headquarters for Avention, Lexia Learning Systems and Welch Foods, and Emerson Hospital offices and outpatient center.
- Newmark Grubb Knight Frank’s capital markets team in Boston led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Associate Director Samantha Hallowell represented Normandy in the transaction.
- NGKF has been retained by new ownership as the exclusive leasing agent for the property, led by Executive Managing Director Torin Taylor.
“300 Baker Ave. offers durable cash yields, anchored by a number of committed, long-term tenants. Additionally, 300 Baker Ave.’s walkability to the MBTA commuter rail provides an exceptional competitive advantage for a suburban asset.”
— Matthew Pullen, executive managing director, Newmark Grubb Knight Frank
