NKF Facilitates Boston-Area Office Deal

By Beata Lorincz

8 Presidential Way, Woburn, Mass.

Chestnut Realty Management has sold 8 Presidential Way, a two-story office property in Woburn, Mass., for $13.3 million. NKF Capital Markets’ Boston team facilitated the transaction on behalf of the seller.

“(The property) enjoys an exceptional location within the Route 128 North market,” said NKF Executive Managing Director Torin Taylor, in prepared remarks. “The property is directly surrounded by a major corporate hub highlighted by American Tower, MediaTek, Randstad and Raytheon.”

Strategic location

The property comprises 104,000 square feet and is located on the northern outskirts of Boston, directly off Interstate 93 and 2.3 miles from Interstate 95. Anderson Regional Transportation Center, providing train and bus service to downtown Boston, is a three-minute drive from the site. 

Retail options are within easy reach, with Woburn Mall being less than two miles away. Other destinations, such as Residence Inn by Marriott, Boston Sports Club, and Target are also nearby.

The NKF team spearheading negotiations included U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Associate Director Samantha Hallowell, who worked together with Taylor, Executive Managing Directors Richard Ruggiero and Matthew Adams, and Director Rory Walsh.

In early January, NKF represented the seller in another Boston-area transaction, of a nearly 40,000-square-foot, best-in-class retail asset in Burlington, Mass.

Image courtesy of NKF