Maher, Pullen, Tribble and Hallowell of NKF broker $106 million sale of Waltham Woods to Boston Properties

Waltham, MA Newmark Knight Frank (NKF) completed the $106 million sale of Waltham Woods to Boston Properties. On behalf of AEW, vice chairman Edward Maher, executive managing directors Matthew Pullen and James Tribble and director Samantha Hallowell of NKF’s Boston capital markets team – which is led by co-head of U.S. capital markets Robert Griffin – oversaw the transaction of the two-building property. 

Waltham Woods comprises 880 Winter St., a 218,700 s/f office building anchored by ACI Worldwide (electronic payments), PatientKeeper (healthcare applications), Raytheon (defense contractor) and WinterWyman (talent acquisition); and 890 Winter St., a 173,900 s/f office building anchored by Enbridge (energy infrastructure). The property’s on-site amenities include two cafés, a landscaped outdoor seating area, a fitness center, a conference center and underground/surface parking.

“Waltham Woods benefits from a premier location west of Rte. 128,” said Pullen. “The property is surrounded by a group of institutionally-owned business parks, including Boston Properties’ own Bay Colony, with a diverse roster of blue-chip employers, offering an exceptional ‘super-park’ setting.”

Corporate neighbors close to Waltham Woods include major defense contractor Raytheon, which operates its corporate headquarters directly adjacent to the property, and global biopharmaceutical company Alkermes, which will expand its footprint with a 220,000 s/f office/laboratory build-to-suit that is slated for delivery in early 2020.