News: Front Section
Posted: September 11, 2014
W. P. Carey Inc. buys 9 Technology Drive for $47 million from Columbia Property Trust
According to Cushman & Wakefield, 9 Technology Dr. has been sold to W. P. Carey Inc. for $47 million. The Cushman & Wakefield capital markets team, led by president Robert Griffin, vice chairman Edward Maher and executive director Matt Pullen, oversaw the transaction of the single-tenant property, which is currently 100% leased to Bose Corp., on behalf of the seller, Columbia Property Trust.
9 Technology Dr. is a two-story office building totaling 250,813 s/f originally designed by architectural firm Maini and McKee in 1992 as a built-to suit for Proteon. The property's single-tenant history also includes TJX Companies and EMC prior to Bose's occupancy commencing in 2006.
9 Technology Dr. is situated in Westborough Technology Park, a campus setting located in the northwest quadrant of the U.S. I-495/Rte. 9 interchange and an epicenter for office as well as research and development space. Each building in the park is surrounded by landscaped grounds providing a peaceful campus setting with access to two hotels: the 225-room Wyndham Hotel and the 98-room Courtyard by Marriott.
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