REIT Sale | 328,232 SF Class A Office | Boston MSA

Highlights:

• CLASS A OFFICE/R&D COMPLEX: Two interconnected, state-of-the-art office/R&D facilities totaling 330,000 square feet on a 55-acre site just 20 miles northwest of Boston
• VALUE-ADD OPPORTUNITY: Leveraging the office basis reset, new ownership will benefit from the capital flexibility to successfully compete for tenants in the market based on rent, concession packages and upgraded amenities
• ON-SITE AMENITIES: Amenity offerings include a fitness center and a full-service cafeteria, plus the complex is surrounded by jogging trails and benefits from a scenic suburban setting
• SUPERIOR LOCATION & ACCESSIBILITY: Prime location adjacent to Route 3 with seamless connectivity to a wealth of local amenities and regional highways, including Interstates 93, 95 and 495
• DIVERSE CORPORATE DESTINATION: Boston’s northern suburbs host the most concentrated and dynamic medical, life science and technology manufacturing employment cluster in New England
• ROBUST INFRASTRUCTURE: Exceptional ability to accommodate a variety of office, R&D and life science users given the complex’s original construction as a build-to-suit for RSA Security, a cybersecurity firm that was acquired by EMC and subsequently folded into Dell, with reusable in-place features

Description:

Newmark, in partnership with Apex Commercial Exchange, is pleased to offer Bedford Woods, consisting of two interconnected state-of-the-art facilities which together offer 328,232 square feet of first class office/R&D space on 54.5 acres. 174 Middlesex Turnpike is a four-story, 188,220 square foot building completed in December 2001 and the adjoining 176 Middlesex Turnpike is a three-story, 140,012 square foot building. The two properties are connected via a glass enclosed sky bridge and allow connectivity. The pair of class A buildings boasts an on-site fitness center and a full-service cafeteria, and is surrounded by area jogging trails and the naturally wooded setting of an 80-acre development.



MARKET OVERVIEW



Boston’s northern suburbs represent the most concentrated, dynamic manufacturing employment cluster in New England. Compared to the western and southern suburbs — which are more heavily weighted towards office/lab and logistics uses, respectively — the northern suburbs are populated by a veritable “who’s who” of employers in the medical, life science and technology manufacturing segments. Such industries tend to locate here due to an ideal labor pool that enables employers to draw from both engineering and white collar talent in northern Massachusetts, but also a well trained blue collar workforce in southern New Hampshire.

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