April 7, 2022 12:00 PM
星空体育app下载 announces the $32 million sale of 690 Canton Street, an office building with life science conversion potential in the suburban Boston community of Westwood, Massachusetts. 星空体育app下载 Co-Head of U.S. Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Samantha Hallowell of the firm鈥檚 Boston Capital Markets Group represented the seller, L&B Realty Advisors, and procured the buyer, a joint venture between Outshine Properties and Jadian Capital. Senior Financial Analyst William Sleeper provided financial analysis support. Additionally, 星空体育app下载鈥檚 Boston Debt & Structured Finance Group arranged financing for the transaction with J.P. Morgan.
Totaling 164,695 square feet across four stories, 690 Canton Street is presently 73% leased to seven tenants. The asset features reusable in-place infrastructure for laboratory tenants with 13鈥� floor-to-floor heights and basement-level support spaces, including a loading dock and mechanical and electrical rooms.
鈥�690 Canton Street benefits from a highly-desirable location just 20 miles from Boston along the region鈥檚 coveted Route 128 corridor,鈥� said Hallowell. 鈥淐onsequently, it is surrounded by a fast-growing, synergistic cluster of new life science, biomanufacturing and R&D developments.鈥�
690 Canton Street is situated adjacent to University Station, a two million-square-foot mixed-use complex featuring shopping, dining, office, residential, hotel and medical components. The asset also benefits from a transit-oriented location with walkability to the Route 128 MBTA/Amtrak train station and swift vehicular access to Interstates 95 (Route 128) and 93.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.9 billion for the year ending December 31, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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