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Boston Properties Sells Office and Industrial Portfolio for $127M

The firm has sold 11 flex/office, industrial and data center properties in Springfield, VA to Finmarc Management Inc.

SPRINGFIELD, VA – Boston Properties Inc. has sold a portfolio of 11 flex/office, industrial and data center buildings in Springfield, VA to commercial real estate investment and management firm Finmarc Management Inc. for $127.5 million.

The 740,000-square-foot portfolio comprises single-story and two-story assets that range from 27,000 square feet to 105,000 square feet. The properties are 74% occupied and six of the buildings are 100% leased. Tenants of the portfolio include ADT Security Systems, Avaya, SAIC, the Vomela Cos. and the United States General Service Administration.

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Ingrid Tunberg

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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