Search
 

Richards Barry Secures Lexington Corporate Center Leasing Assignment

LEXINGTON, MA-The 285,000-sf, four-building complex located at 10 Maguire Rd. near Route 128 was sold by Nordic Properties and Berwind Property Group to Essex River Ventures for $35.3 million last month. It is nearly 50% occupied.

By Naomi Grossman | Updated on October 22, 2004

LEXINGTON, MA- Richards Barry Joyce & Partners LLC nailed the leasing assignment for Lexington Corporate Center. The 285,000-sf, four-building complex was sold by Nordic Properties and Berwind Property Group to Essex River Ventures–a joint venture between Essex River Ventures and the Praedium Group LLC–for $35.3 million last month.

The complex is located at 10 Maguire Rd. near Route 128 on a 20-acre parcel. It is nearly 50% occupied with 130,000 sf of space available. The current tenant roster includes IBM/Rational, SGS Thomson, Marketsoft and AHA Associates. Jonathan M. Varholak, a partner at Richards Barry Joyce & Partners who will be directing the marketing effort with Brian McKenzie, partner, and Ron Friedman, associate, says that the firm is currently in discussions with several new tenants for the complex.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.