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440,000-SF Office Park Sale Closes

WOBURN, MA-National Development and Angelo, Gordon & Company, closes on the $80.5 million sale of 225-235 Presidential Way, a 440,130 sf office complex leased in its entirety to Raytheon Co. A client of Morgan Stanley acquired the property.

By Naomi Grossman | Updated on August 09, 2004

WOBURN, MA-National Development and Angelo, Gordon & Company completed the $80.5 million sale of 225-235 Presidential Way, a 440,130-sf office complex leased in its entirety on a long-term basis to Raytheon Co. Cushman & Wakefield’s Financial Services Group of Robert E. Griffin Jr., Edward C. Maher Jr., Marci Griffith Loeber and Richard F. Herlihy represented National Development and Angelo, Gordon and procured the buyer, a Morgan Stanley-advised client.

Completed in 2001, the corporate campus located immediately adjacent to Route 93, 13 miles northwest of Boston. The complex consists of two interconnected five-story class A office buildings and two associated parking garages, which together comprise 1,354 structured parking spaces. Located within the 1.3 million-sf master-planned MetroNorth Corporate Center, the facility serves as Raytheon’s Missile Defense Center housing approximately 1,100 employees.

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