Case Study: Forbes Business Center

Details

  • Property: 3 Forbes Road
  • Location: Lexington, MA
  • Opportunity: Under-utilized building in a highly desirable Central 128 Market
  • Property Type: Office / R&D
  • Acquisition Date: October 2000
  • Size: 160,000 sf

Strategy

Renovate, reposition, and rebrand an under-utilized and under-managed, but well-located, corporate facility with superior highway access into a state-of-the-art Class A Office and Lab building complete with on-site amenities including a fitness center, cafeteria, and structured parking.

Added Value

Constructed two level parking garage.

Reclad entire building.

Property 100% leased to MIT and Agenus 
(NASDAQ: AGEN).