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March 28, 2018  

Normandy Shows Boston-Area Offices

Normandy Real Estate has listed a well-occupied office building in suburban Boston.The 248,000-square-foot property, at 89 A Street in Needham, Mass., is expected to attract bids in the vicinity of $92 million, or $371/sf. At that price, the buyer’s initial annual yield would be 6.75%. Newmark is representing Normandy, a Morristown, N.J., fund operator.The building is part of Founders Park, a 41-acre campus that Normandy is in the process...

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