Newmark Completes $2.4 Million Trade of Popular Hingham Retail To Clayton CapitalApril 12, 2019
HINGHAM–The Boston Newmark Knight Frank (NKF) Capital Markets team completed the $2.4 million trade of 140-150 North Street in Hingham to Clayton Capital Advisors, LLC. Representing Giarrusso Realty LLC, was Vice Chairman Geoffrey Millerd, Senior Managing Director Justin Smith, Director Paul Penman and Senior Financial Analyst Christian Brannelly of NKF’s Boston Capital Markets team – led by Co-Head of U.S. Capital Markets Robert Griffin – oversaw the transaction of the 4,390-square-foot retail asset.
Located in the heart of downtown Hingham, 140-150 North Street is presently 100 percent leased to two long-term and locally popular tenants: Square Café, a high-performing restaurant, and La Petite Maison, a high-end boutique retailer.
“The ability to acquire a piece of Hingham’s historic downtown rarely becomes available,” said Smith. “As expected, this generational opportunity sparked significant private capital interest.”
140-150 North Street is situated just one-half mile from the Hingham Harbor in the picturesque town center featuring a dense cluster of locally renowned restaurants, cafés, boutiques, and service retailers. This prime retail location boasts one- and three-mile population counts of 4,900 and 36,400 people, respectively, with corresponding average household incomes of $171,700 and $141,300.