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.
Jay Hirsh, founder and managing director of Jumbo Capital, plans to maintain the current mix of shops and restaurants, most of which are independently owned.
A lot of the retailers are beloved, and I don’t want to do anything to lose any of those tenants.
No major changes are planned for the property, which includes retail, office, residential, and auto repair space totaling approximately 70,000 square feet.
Author's summary: Jumbo Capital acquires Wellesley Block for $15.25 million.