Neelon Portfolio sale completed

Developer says goodbye after 4 decades

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Jones Lang LaSalle negotiated the sale of The Neelon Portfolio, three office and four R&D buildings totaling 199,590 square feet in Waltham, Mass. The value of the transaction was approximately $30.3 million. Neelon Properties sold the buildings, located on Bear Hill Road and Second Avenue, to King Street Properties LLC. Neelon developed them between 1962 and 1980. Jones Lang LaSalle provides commercial real estate services in more than 50 countries worldwide. ...