Charles River Realty Sells Davis Square Building For $39 Million
Charles River Realty, a Boston-based real estate investment firm sold 240 Elm Street, a mixed-use development in the heart of Davis Square for $39 million to Asana Partners.
The building is 46,000 square feet.
Asana Partners is a Charlotte-based investment company that has an extensive background in acquiring ‘distinctive retail properties in dynamic urban markets.’
![](https://bradvisors.com/wp-content/uploads/2018/09/davis-square-sign-somerville-ma-mikes-toby-mcguire.jpg)
Source: Fine Arts America
Located next to the MBTA Red Line at Davis Square station, the site is an exceptional transit-oriented destination. The building is currently 100% leased with notable tenants such as grocery store bfresh, Dunkin Donuts, and coworking company, Spaces.
The property sold for $843 per square foot and was recently renovated.