|Building Area Net||
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|Number of units||174646|
Jones Lang Lasalle, Americas (“JLL”) has been exclusively retained to arrange the sale of 80 & 90 @ Tech Central (the “Asset” or the “Property”) located at 80 and 90 Central Street in Boxborough, MA. The Asset is comprised of two Class A office buildings totaling 324,307 square feet. 90 Central Street is 174,646 square feet and 100% leased to an investment-grade roster of tenants including Qualcomm, AMD and Synopsys. 80 Central Street is 149,661 square feet and 35% leased to a diverse set of tenants. Together, the Assets provide investors with durable, sticky investment-grade cash flow with upside potential.
80 & 90 @ Tech Central is a headquarters-quality facility that has been institutionally owned, occupied and maintained. With its entrance situated just five miles from Interstate 495, the Asset provides direct access to both Boston and Worcester in under an hour. With such desirable access to roadways, blue-chip corporate neighbors already attracted to this location include Abbot Laboratories, Cisco Systems, 3M Co., Akamai Technologies, and Thermo Scientific in addition to the global tech giants Qualcomm, AMD and Synopsys that currently occupy the Asset. Demand for tenants of this caliber will continue to grow as rents in Greater Boston continue to push companies elsewhere in search of value. With the shift in tenant demand from Office to R&D and flex space, paired with the density already on site, an investor of 80 & 90 @ Tech Central has the optionality to create residual value through repositioning these assets to meet the market's needs down the line.
- Premier Suburban Product with Physical Advantages
- Credit Backed Cash Flow With Immediate Upside
- Desirable Location Exhibited by Recent Leasing Activity
- Diminishing Quality Office Product