Cole Office REIT Buys Second Keurig-Leased Building for $120 Million
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Keurig Green Mountain occupies the entire 53 South Ave. building.
BURLINGTON, MA—The Gutierrez Co. has sold the second fully-leased office building leased by Keurig Green Mountain, Inc. here to Cole Office & Industrial REIT Inc. of Phoenix for $119.8 million.
The 53 South Ave. building is the second phase of a two-phased project. The property also includes 63 South Ave. Both buildings are fully leased and occupied by Keurig Green Mountain. Phase I, 63 South Ave., was completed in 2013 and totals 150,700 square feet of office/R&D space. Phase II, 53 South Ave., encompasses 280,560 square feet of office space and an 875-space parking structure. The 63 South Ave. building was also sold to the Cole Office & Industrial REIT (CCIT II) last year for $39.4 million…
Cole Office REIT Buys Second Keurig-Leased Building for $120 Million
