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| Wellesley Office Park, suburban Boston at Route 128/Interstate-95 and Route 9. |
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| Coleman Benedict |
BOSTON, MA – HFF announced today that it has closed the $237
million sale of The Wellesley Office Park, a trophy, 649,184-square-foot
office park located in Wellesley, Massachusetts.
The HFF team led by Coleman Benedict and Ben
Sayles exclusively represented the seller, Equity Office Properties, in the
transaction.
The
Wellesley Office Park is a master-planned, “award-winning” office park that is
located in suburban Boston at the intersection of Route 128/Interstate-95 and
Route 9.
At the time of sale, the asset was approximately 90.0
percent leased to an absolute “blue chip” tenant roster including names such as
AXA Equitable Life Insurance, Northwestern Mutual Life, Bank of America Merrill
Lynch, Newton-Wellesley Hospital, Wells Fargo, Morgan Stanley, Eagle Investment
Systems, Stream Global Services, UBS, Benchmark Senior Living, REZ-1, Baystate
Financial, and F-Squared Investments.
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| Benjamin E. Sayles |
“Wellesley Office Park can easily be considered ‘best in
class’ and embodies all the long-term criteria standards of institutional
investors: irreplaceable setting, convenient access, on-site amenities and
marquee tenancy,” said Benedict.
“This distinction is overused in today’s environment and
only truly applies to those office properties that consistently outperform
their peer group, regardless of market conditions.”
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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