X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOXBOROUGH,MA-Bren Schreiber Properties sold Tech Central at 80 and 90 Central St. for $48.95 million. The two-building, 325,155-sf office campus was acquired by Lend Lease Real Estate Investments and Wells Real Estate Funds.

Lisa Campoli, senior managing director; Brian Barringer, managing director; and Kerrin Carter, associate at the Boston office of Insignia/ESGrepresented the seller and procured the buyers. “This represents a significant transaction for suburban Boston and is indicative of investor confidence in the rebounding technology sector,” says Campoli, noting that despite the current “negative rental market trends” the property’s location and tenancy made it an attractive investment.

The buildings are situated on a 79-acre campus and among its tenants are Agilent Technologies, Vibren Technologies, and Nortel Networks. The three-story 90 Central was completed last year and comprises 174,585 sf. 80 Central Street is also three stories with 150,570 sf. The building was developed in 1988 and renovated in 1995.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.