Taurus Selling Suburban Gem One Newton Place to Saracen Via HFF for $51M

January 30, 2019

NEWTONTaurus Investment Holdings has plenty of real estate interests beyond Route 128—way beyond—but the firm sporting a global footprint is harvesting an office asset mere miles from its Hub headquarters for upwards of $51 million, according to CRE professionals claiming One Newton Place is being bought by Saracen Properties after an HFF exclusive listing stoked a figurative “fist-fight” among bidders angling for the prominent 172,700-sf building overlooking the Massachusetts Turnpike in thriving Newton Corner.

“That is absolutely happening,” insists an informed source who maintains “the money is hard” on a deal for which queries to HFF and Taurus went unanswered as of Real Reporter press deadline. Also not immediately available was Saracen Properties President Kurt “Ted” Saraceno, his homegrown company expected to serve as operating partner in a JV with Cadre, a Manhattan concern launched five years ago by institutional CRE principals led by CEO Ryan Williams, a Blackstone Group (and Harvard University) alum.

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