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Image courtesy of Norfolk County Registry of Deeds.
Moderna's purchase of the site of its Norwood manufacturing facility, which the company had been renting, was the highest priced real estate transaction in Norfolk County in calendar year 2024, according to the Norfolk County Registry of Deeds this week which announced a top ten list of real estate transactions, as measured by sales price.
Moderna's purchase of property in Norwood was the single real estate transaction in Norfolk County last year which was in the hundreds of millions of dollars.
Rounding out the top ten of Norfolk County properties are a mix of commercial and residential properties comprised of apartment complexes, research labs, warehouse, manufacturing facilities and office space. Each top ten property sold for more than $25.4 million, and they had an average price of $78,823,200, according to the Registry. The state and Norfolk County collected excise taxes totaling more than $3,594,338 from the ten properties.
The top ten Norfolk County properties in 2024, by sales price, are as follows:
1. Upland Road, 1 Moderna Way, and 10 Forbes Drive, Norwood, Moderna purchased the 200,000-square-foot clinical development manufacturing facility they were renting from Alexandria Real Estate Partners in December for $369,439,000;
2. 33-39 Main Street, Medway, the 5-story, 190-unit high-end apartment complex built on 12.32 acres of land known as the Hathon, sold in December for $75,600,000;
3. 170-180 Main Street, Walpole, the 3-story, 161-unit Senior Living Community, known as New Pond Village, sold in August for $66,000,000;
4. 655 Washington Street, Weymouth, the 4-story, 160-unit luxury apartment complex known as Helix Apartments, sold in May for $62,645,000;
5. A multi-building manufacturing facility totaling more than 212,000 square feet of space located at 10 & 20 Dan Road, Canton, sold in May for $50,000,000;
6. 122 & 130-132 Granite Street, Quincy, the 100,000-square-foot retail shopping plaza known as Granite Place, sold in May for $41,500,000;
7. 1280-1300 & 1330 Boylston Street, Brookline, a 5.34-acre office park comprised of four commercial buildings totaling nearly 120,000 square feet, sold in May for $41,000,000;
8. 1 Richard A Stratton Way, Quincy, the five-floor, 89,507-square-foot Holiday Inn hotel, sold in May for $30,498,000;
9. 2 Kay Way, Stoughton, a 118,200-square-foot manufacturing and warehouse facility built on 5.92 acres of land, sold in September for $26,100,000;
10. 23-25 Bridge Street, Quincy, the 6-story, 60-unit apartment complex known as Hillside Residences, sold in March for $25,450,000.
“The variety in these real estate transactions bodes well for the Norfolk County economy, with high-value properties selling in both commercial and residential sectors,” stated Norfolk County Register of Deeds William P. O’Donnell. “This indicates that Norfolk County is not only a desirable place to live and work but also a magnet for business, industry, and trade. Overall, the dynamic real estate market in Norfolk County underscores its attractiveness and potential for continued growth and prosperity.”
Thanks to Norfolk County Registry of Deeds for contributing this news to Westwood Minute.
Updated 2/14/2025 at 7:42 a.m.
