Riverside Properties Secures 160 Gould Street in Needham for $19 Million

June 14, 2025 - 04:13

NEEDHAM, MA — Wellesley, MA-based Riverside Properties has purchased 160 Gould Street, a 135,272-square-foot office building in the Boston suburb of Needham, MA, for $19 million. This acquisition represents a significant discount compared to its previous sale, highlighting a favorable opportunity for the real estate firm in a competitive market.

The property, located in a prime area, is expected to attract a variety of tenants looking for office space in the Greater Boston region. Riverside Properties aims to enhance the building's appeal through strategic renovations and upgrades, which may include modernizing common areas and improving energy efficiency.

The acquisition aligns with Riverside Properties’ strategy to expand its portfolio in suburban markets, where demand for office space remains steady. As businesses continue to adapt to changing work environments, the firm is optimistic about the potential for long-term growth and value appreciation at this location. The transaction underscores the ongoing evolution of the real estate landscape in the Boston area.