Christopher Tosti, executive vice president/partner, RobertWalles, vice president/partner, Robert McGuire, vicepresident/partner and Matthew Flaherty, an associate of CB RichardEllis/Whittier Partners, represented property owner, GlenboroughProperties LP. Kevin Malloy of Lincoln Property Co. represented thetenant Office Depot.
The two-story 75,277 sf first-class office building is locatedon Route 20 just off Route 495. Lease rates for this deal were notavailable, but the average asking rent for office space in the areais approximately $17 per sf. According to Trammell Crow Co.'s mostrecent statistics, the overall availability rate for office spacein Marlborough has dropped from a high of 39% in January to28.5%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
