Asana Partners has sold the retail property at 337 Newbury Street in Boston for $9.4 million, reflecting a 30% increase over its 2019 purchase price of $7.2 million. The 3,260-square-foot building, formerly occupied by the snowboard retailer Burton Snowboards, is currently vacant. The buyer is a local investor associated with Ed Flammia.
This transaction underscores the resilience of Newbury Street’s retail market. Despite broader challenges in Boston’s commercial real estate sector, Newbury Street continues to attract significant investment, with recent store openings, including Google‘s first East Coast retail location outside of New York and a collection of luxury watch stores on the east end of the shopping corridor.
The property at 337 Newbury Street offers 3,260 square feet of available space, with 1,987 square feet on the first level and 1,273 square feet on the second level.
