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Haynes Buys Suburban Boston Portfolio

WELLESLEY, MA-The three commercial properties were purchased for $6.7 million and are being targeted for renovation into first-class office space.

By Joe Clements | Updated on August 07, 2000

Haynes Management has acquired two buildings and a developable land site for $6.7 million, officials for the Wellesley-based real estate firm say. The portfolio includes 10 and 16 Laurel Ave., as well as 20 Prescott St.

“This property offers a spectacular redevelopment opportunity for the buyer in a strong commercial market,” says NAI/Hunneman Commercial Co. senior vice president Robert A. Tito, whose Investment Services Group brokered the sale. Hunneman represented the seller, One Market Street Realty Trust, and found the buyer.

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