FOR INFORMATION
REGARDING LEASING,
please email us at
leasing@newbostonfund.com
or call 1.866.DIAL.NBF

RETURN TO LIST >

Watermill Center
Waltham, MA 02453

Acquired

3/3/2000

Location

Watermill Center is centrally located in the city of Waltham, Massachusetts, approximately ten miles west of downtown Boston in the Route 128 Central submarket. Waltham sits at the heart of Boston`s technology corridor and is the region`s strongest suburban market.

Description

Constructed in 1984, Watermill Center is a premier six-story, 206,634 square foot, Class A office building. Situated in a beautifully landscaped environment, the property includes a full-service cafeteria and 683 parking spaces, 286 of which are located in an adjacent three-level parking deck.

Investment Rationale

Below replacement cost pricing
High quality, core asset in dynamic market
Excellent returns to equity from operations alone
Ability to re-lease over 1/3 of building within 18 months of purchase at significantly higher rental rates, offering tremendous near-term upside potential
Superb location in suburban Boston`s premier office market


Fund Ownership

Fund V

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF