Type: Value Add Transaction
Description: 24,000 SF Redevelopment Opportunity
Original Property Type: Office/R&D
Submarket: Central Route 128
Acquisition Date: Q1 2006
Acquire in an off market transaction, a well-located, under managed, and underutilized 24,000 SF Class C office/R&D building and two single family residential homes and redevelop into a state-of-the-art Class A property.
Raze existing structures, coordinate with the Massachusetts Highway Department on relocating existing curb cut and commence with speculative construction of a 61,000 SF LEED Certified office building.
Demolition and base building construction were completed in twelve months. A long-term lease was executed with Autodesk, Inc. during the first quarter of 2008. Building achieved LEED ® Gold Certification by the U.S. Green Building Council (USGBC).