realestate

Colliers Sells Lexington Center Mixed-Use Property – Boston Times

Lexington, MA—Colliers reports sale of 31,000‑sq‑ft mixed‑use property at 1792 Mass Ave, now owned by Lexington Plaza.

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exington, MA – Colliers reported the sale of a 31,000‑sq‑ft mixed‑use property at 1792 Massachusetts Avenue, Lexington Center. Lexington Plaza LLC, a Boston‑area investor, purchased the asset for $4.09 million. Kendin Carr, Vice President at Colliers, acted as seller’s broker for Viano Realty Trust. A marketing campaign attracted competitive offers, many surpassing the initial asking price. Carr noted, “We delivered a result that exceeded our client’s objectives. Demand for suburban mixed‑use sites remains high, especially in communities like Lexington with limited supply and strong growth prospects.” The building combines retail, office, residential units and a historic movie theater, and sits adjacent to the Minuteman Commuter Bikeway. It is minutes from Route 2, I‑95, Kendall Square, and Downtown Boston, reinforcing Lexington Center’s appeal to investors and tenants alike. The transaction signals continued confidence in suburban mixed‑use developments with fundamentals and upside.

Colliers sells Lexington Center mixed‑use property, Boston Times.