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Jones Lang Lasalle, Americas (“JLL”) has been exclusively retained to arrange the sale of 80 & 90 @ Tech Central (the “Property”) located at 80 and 90 Central Street in Boxborough, MA. The Property is comprised of two Class A office buildings totaling 323,926 square feet. 90 Central Street is 174,646 square feet and 100% leased to
an investment-grade roster of tenants including Qualcomm, AMD and Synopsys. 80 Central Street is 149,280 SF and 38% leased to a diverse set of tenants. Together, the Property provides investors with durable, sticky investment-grade cash ﬂow with upside potential.
80 & 90 @ Tech Central is a headquarters quality campus marked by its institutional ownership and careful maintenance. With its entrance situated just ﬁve miles from Interstate 495 and along Route 2, the Property provides convenient access to Boston, Cambridge, and Worcester within a 40 minute drive. The Property's compelling attributes have resulted in a an impressive list of blue chip corporate neighbors attracted to this location, including Abbot Laboratories, 3M Co., Akamai Technologies, and Thermo Scientiﬁc. In addition, global tech giants Qualcomm, AMD and Synopsys currently occupy the Property. Demand from tenants of this caliber will continue to accelerate as the quality office space in suburban Boston diminishes and the local innovation economy continues to drive new company formation for both office and ﬂex users. This trend is exhibited by the two new leases, that have been inked by tenants relocating to 80 Central in the last two months, totaling over 30,000 square feet.
The opportunity is being offered “as-is”, free and clear of existing debt and without a formal asking price.
- Premier Suburban Product with Physical Advantages
- Credit Backed Cash Flow With Immediate Upside
- Desirable Location Exhibited by Recent Leasing Activity
- Diminishing Quality Office Product