Mayo Group Secures Neponset Office Asset

BOSTON-A well-located office building in the one of the area’s original “inner suburbs” has been sold. The Mayo Group paid Eastport Harbor LLC $4.8 million for 50 Redfield St., a 43,000-sf structure abutting the Southeast Expressway on the edge of North Quincy.

“It is no surprise that the deal moved quickly,” says Cushman & Wakefield senior director Richard Putprush, whose firm negotiated terms between the two parties. Putprush cites the strong location in Neponset Circle as one attractive element, as well as 50 Redfield St.’s visibility from Interstate 93, solid leasing history and upside potential. “This was an excellent transaction for both Eastport Harbor and Mayo Group,” says the broker, who was joined by C&W Middle Markets team members Brian Doherty, Chris Griffin and David Pergola in handling the assignment.

One of Boston’s more prolific real estate investors, the Mayo Group notes that Neponset Circle is within a 10 minute drive of the Massachusetts Turnpike, Route 128 and Logan International Airport, and is also accessible by public transportation, including the MBTA Red Line subway that connects to Boston and Quincy. Fifty Redfield St. features a reflective glass lobby atrium, individually controlled HVAC systems and covered executive parking.