News: Front Section
Posted: September 12, 2007
Cushman & Wakefield rep. buyer and seller in $13.575m transaction
On behalf of INVESCO Real Estate, Cushman & Wakefield, Inc. sold Somerset Court for $13.575 million. The 3-story office building totals 67,743 s/f of first-class space. C &W's Capital Markets Group of Robert Griffin, Edward Maher, David Pergola, and Christopher Griffin exclusively represented the seller and procured the buyer, Intercontinental Real Estate Corporation.
Somerset Court is a brick-clad building located 12 miles west of Boston. Completed in 1985, the building is in a wooded setting on 7.6 acres.
"Nowhere is the greater Boston office market resurgence more visible than in Waltham, where tightening market conditions should continue to drive rent levels higher," said Pergola, senior director at C&W.
Somerset Court is located at the interchange off of Rte. 128/I-95 at 281 Winter St.
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