Causeway Street Offices Sold for 80 Percent Discount
The decline in Boston office building valuations is creating opportunities for local developers to acquire class A buildings previously owned by national and institutional investors.
The decline in Boston office building valuations is creating opportunities for local developers to acquire class A buildings previously owned by national and institutional investors.
Office tenants have never had more options to choose from in Boston, and it’s continuing to widen the the chasm between the class A and B space.
Life science development heavyweight Alexandria Real Estate Equities has paid $341 million for eight properties in Andover’s Minuteman Park, including 1.3 million square feet of existing buildings and potential for a new biomanufacturing complex.
A biomanufacturing building is a San Francisco developer’s choice for the last available parcel at Andover’s Minuteman Office Park.
Repositioning of the Tufts Health Plan offices in Watertown will create 481,000 square feet of lab space in one of Greater Boston’s most sought-after life science development markets.
Reebok’s former Canton headquarters appears to have a future as a single-user corporate campus.
Trillium Brewing Co. is moving to what it calls its “forever home” on the former Reebok campus in Canton while announcing expansion plans in the Fenway as well.
With occupancy of the 201,998-square-foot converted mill complex at 98 percent, Spear Street Capital has sold Riverworks at Aetna Mills in Watertown to Boston-based Paradigm Properties.
The new owner of Reebok International’s former 65-acre campus in Canton is considering a multitenant leasing strategy to fill up the office complex.
Reebok’s 65-acre former Canton headquarters is under agreement to a San Francisco investor with a portfolio of suburban office campuses in Greater Boston.