The one-story, 211,555-sf office building is currently 100% leased at rates of about $30 per sf gross. Roth says the property, which lies adjacent to Cutler Lake and has amenities that include walking trails, a picnic area, a full-service cafeteria and a fitness center, commands the highest rent in all of Boston's suburbs for a single story building because of its location.

The building is owned by Intercontinental Real Estate Corp. and managed by Intercontinental Management, of Brighton, MA. The owner was represented by Roth. James Elcock, with Meredith & Grew, handled the leasing arrangements for the tenant.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.