Morris & Morse Buys 80,000-SF Office Building

WESTBOROUGH, MA-A state-of-the-art building originally developed as the regional headquarters for General Electric Corp. has changed hands, with 1400 Computer Dr. selling for $13 million. The buyer is an institutional client of Boston-based Morris & Morse Co., a real estate investment advisory firm.

Efforts to contact officials at Morris & Morse to discuss the deal were unsuccessful, but the firm announced in a press release that Richards Barry Joyce & Partners has been retained as exclusive leasing agents for the 80,000-sf building. RBJ’s investment sales group also negotiated the purchase of 1400 Computer Dr. on behalf of the buyers. The RBJ brokerage team included Richard Bradbury, Richard Herlihy, John Lashar and Paul Leone, while the latter two brokers will handle the leasing assignment.

In announcing the deal, RBJ officials cited the building’s overall quality as a key selling point, with substantial technology incorporated when the structure was constructed in 1991 to be the northeast headquarters for General Electric. Besides the modern element to the building systems, RBJ lists a roster of on-site amenities expected to be attractive to prospective tenants, including a fitness center, and notes visibility along Route 9 and direct access to the Massachusetts Turnpike and Interstate 495 as other benefits.