JONES LANG LASALLE CLOSES SALE OF 150 NEWPORT AVE. IN QUINCY

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QUINCY, MASS. — Jones Lang LaSalle has arranged the sale of 150 Newport Ave. in Quincy, 121,329-square-foot Class A office building, for $14 million. The four-story building is next to Granite’s 100 Newport Ave. building. Vice Presidents Tom Kent and Sean Lynch of Jones Lang LaSalle represented the buyer, Foxrock Granite LLC, while Normandy Real Estate Partners Principal Justin Krebs represented the seller, Normandy Newport Holdings LLC. Normandy Real Estate Partners currently manages a series of discretionary real estate funds totaling approximately $1.5 billion of equity commitments.

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