
259 Lenox
Parcel
2.7 Acres
Location
Status
Site Acquired
Project Approved
Design Phase Underway
Project Size
145,000 SF
Program
145 Units
Multifamily
We acquired the site in an off-market transaction in a joint venture with Tremont, which was structured as a sale-leaseback whereby the seller remained as the sole tenant in the property post-acquisition, providing the company with the flexibility to arrange for the next chapter of its operations as well as attractive returns to investors during the predevelopment phase.
259 Lenox is a transit-oriented site, located directly adjacent to the MBTA Norwood Central Commuter Rail Station, which provides convenient access to South Station in 30+ minutes, New England Patriots Stadium in 15+ minutes, as well as other regional destinations.
Shaw's, Starbucks and CVS are located in Norwood Plaza, 0.4 miles from the property, and other retail options are available in Norwood Town Square, 0.7 miles from the property.
We obtained permits & approvals for a 5-story multifamily building comprised of 145 units.