Aug
09
JLL Completes $46M Sale of Boston Area Office Asset
ByThe 288,528-square-foot, Class A property was sold by Normandy Real Estate Partners.
Lexington Corporate Center, Lenxington, Mass.
Boston—JLL Capital Markets recently closed the sale of Lexington Corporate Center in Lexington, Mass., on behalf of Normandy Real Estate Partners. The 288,528-square-foot, Class A office property traded for $46 million. JLL also secured $32 million in acquisition financing for Burlington-based buyer RJ Kelly Co.
JLL managing directors Frank Petz, Chris Angelone and Jessica Hughes spearheaded the sale efforts, with SVP Jonathan Schneider securing the financing.
“Suburban Boston has become a hotbed for tech and science tenants seeking to tap the metro area’s talent pool without paying Central Business District prices, and many of them are seeking offices with a more modern and innovative feel,” said Petz in prepared remarks…
JLL Completes $46M Sale of Boston Area Office Asset
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