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.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary