The former Pleasure Island amusement park site in a Boston suburb is trading again after its transformation into an office campus.
Lincoln Property Company and an investor group advised by JPMorgan Asset Management acquired The Edge complex in Wakefield for $61 million, Bisnow reported. The deal for the seven-building, 962,000-square-foot campus that sits around 12 miles north of Downtown Boston breaks down to $63 per square foot.
The seller was Hobbs Brook Real Estate, which assembled and developed the office park across multiple Edgewater Drive addresses, piecing it together between 2001 and 2011. It’s unclear how much Hobbs Brook spent acquiring and developing the campus; Newmark advised the landlord on the recent sale…