Cushman & Wakefield brokers 250,813 s/f lease to Bose Corp.
Cushman & Wakefield has completed a 250,813 s/f office lease renewal at 9 Technology Dr. Cushman & Wakefield's team of J.R. McDonald, Michael Frisoli, Stephen Woelfel and Rich Ruggiero represented the landlord, Wells REIT II - 9 Technology Drive, LLC. The tenant is Bose Corp.
"We are delighted that Bose decided to remain at 9 Technology Dr.," said McDonald. "The transaction was a major win for both parties. By renewing in place early, Bose was able to leverage prior investments in building improvements while achieving its desire to operate as a sole tenant. Its decision to stay is a reflection of the quality and location of the property and ownership is thrilled to have negotiated a comprehensive real estate solution for Bose, a world leader in technology."
9 Technology Dr. is a two-story; 250,813 s/f building featuring a two-story glass atrium. Located in the center of a diverse business community at the intersection of I-495 and Rte. 9, the facility offers a modern first class office/R&D building in a peaceful, campus-like setting.
As part of the Westborough Technology Park, the building is readily accessible to a variety of area amenities. Because of its location along the I-495 corridor, only minutes away from the Mass. Tpke., it is accessible from anywhere within Greater Boston area.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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