460 Totten Pond Road - Waltham, MA
Waltham, MA Newmark Knight Frank (NKF) has completed the sale of Totten Pond Office Park to Anchor Line Partners in joint venture with Northwood Investors for $51.5 million. Led by U.S. head of capital markets Robert Griffin, vice chairman Edward Maher, executive managing director Matthew Pullen, director James Tribble and associate director Samantha Hallowell of the firms Capital Markets Group, oversaw the transaction of the three-building office park on behalf of TA Realty.
Encompassing 400, 410 and 460 Totten Pond Rd., Totten Pond Office Park is 87% leased to 43 tenants. Together, the buildings feature newly-renovated on-site amenities including a cafeteria, fitness center, conference room and café.
“Totten Pond Office park represents a top value alternative for tenants seeking a Waltham address,” said Pullen. “The property’s 20,000 s/f floor plates offer exceptional efficiency and flexibility for a variety of tenant requirements.”
Situated off Rte. 128 (I-95) and 10 minutes from its interchange with I-90 (Massachusetts Turnpike), Totten Pond boasts exceptional regional accessibility. Additionally, the property is surrounded by 200,000 s/f of new retail openings in the last 24 months.
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. NKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services.