Post by Jonathan Bolano

A 962,000-square-foot office campus outside Boston just traded for about $63 per square foot. Lincoln Property Company and investors advised by J.P. Morgan Asset Management have closed on The Edge — a seven-building, 100-acre campus in Wakefield, roughly 12 miles north of downtown Boston — for $61 million. The seller, Hobbs Brook Real Estate, assembled and developed the site between 2001 and 2011, on the grounds of the former Pleasure Island amusement park. The numbers: • $61M purchase price • 962,000 SF across 7 buildings • ~$63 per square foot • 100 acres What the buyers say comes next: Lincoln has stated it plans to reposition the campus into a mixed-use, live-work-play environment, noting that the property's scale and multi-building layout support a broader mix of office, lifestyle and complementary uses over time. Why it matters: a Route 128 asset of this size trading at this basis is a data point that owners, lenders, appraisers and tenants across Greater Boston's suburban office market will be marking against. Sources: Bisnow and Lincoln Property Company, July 2026. If you own, lease or lend on suburban office space in Eastern Massachusetts — how are you reading a $63/SF trade? #CommercialRealEstate #CRE #Boston #OfficeMarket #Massachusetts