Newmark Arranges Sale of Office Building, 160 Gould Street, in Suburban Boston

June 12, 2025 9:00 AM

Newmark is pleased to announce it has arranged the sale of 160 Gould Street, an office building located less than 20 miles from Downtown Boston in the thriving mixed-use suburb of Needham, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, along with Boston Capital Markets Executive Vice Chairman Edward Maher, Vice Chairman Matthew Pullen, Executive Managing Director James Tribble, Senior Managing Director Samantha Hallowell and Associate Director William Sleeper as well as Boston Private Capital Associate Directors Joseph Alvarado and Casey Valente, represented the seller, James Campbell Company, and procured the buyer, Riverside Properties.

160 Gould Street comprises 135,272 square feet across three stories. The asset is situated directly off Interstate 95, five miles south of Interstate 90 and one mile from an MBTA commuter rail station. This places it among some of the most affluent residential communities across Greater Boston.

“160 Gould Street is a historically strong performer, serving as one of the most attractive options for small-block tenants in the area south of the Interstate 90/95 junction,” said Hallowell. “It offers an attractive mix of stable in-place tenancy and upside potential, which can be realized through repositioning its lobby and amenities to appeal to modern tenant demand.”

160 Gould Street offers sub-divisible floor plates of approximately 45,000 square feet each. These are complemented by a three-story atrium lobby, an outdoor area and a former full-service cafeteria that could be reactivated.

Newmark Senior Managing Director Matthew Malatesta provided local leasing expertise for the transaction, and Financial Analyst Grady Zink provided analytical support.

About Riverside Properties
Riverside Properties is a privately held, Boston-based real estate investment and management firm focused on high-quality, small-to-mid-sized office, industrial, medical, and residential assets within a 30-mile radius of the city. The firm is known for its creative repositioning strategies, long-term ownership mindset, and tenant-first approach that delivers operational excellence and high retention across its portfolio. For more information, visit riversideprop.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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