The 22,000 sf first-class, office building is situated on nearly two acres of land and is fully leased to Mentor Graphics. The building is located within the Prospect Hill Office Park, an 800,000-sf park comprised of class A and B office space. It overlooks Route 128 and is less than 10 miles from Boston and near the Massachusetts Turnpike interchange.
"Our lender did a great job for our client on this transaction," says Broderick. "They were able to recognize the strength of this asset with its high-profile location overlooking Route 128 and deliver a very competitive deal." The average asking rent for office space in Waltham is at about $21 per sf.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
