New Owner of Wellesley Block to Keep 'Beloved' Tenants
The Taylor Block portfolio in Wellesley Square has been acquired by Quincy-based Jumbo Capital for $15.25 million.
Jumbo Capital’s founder, Jay Hirsh, plans to maintain the current mix of shops and restaurants, mostly independently owned.
A lot of the retailers are beloved, and I don’t want to do anything to lose any of those tenants.
The 1.2-acre property includes retail, office, residential, and auto repair space, totaling approximately 70,000 square feet.
No major changes are planned in the near term.
Author's summary: Jumbo Capital acquires Taylor Block portfolio.