Cushman & Wakefield completed the sale of 850 Winter St., to GI Partners for $72.75 million. The Cushman & Wakefield team, led by president Robert Griffin, vice chairman Edward Maher and executive director Matt Pullen, oversaw the transaction of the 100% leased, 180,039 s/f property on behalf of Davis Marcus.
850 Winter St. is one of only nine class A office properties constructed in the entire Rte. 128 West submarket in the last 10 years. Located within Reservoir Woods, tenants enjoy a corporate address, a wealth of amenities, including an on-site café, fitness center and covered parking, as well as a "who's who" roster of surrounding corporate neighbors.
"Some of the region's most successful companies have either a headquarters or a significant presence in Waltham," said Griffin. "This presence has led to strong market fundamentals in suburban Boston's premier market, including rapid leasing activity, plummeting vacancies and growing rental rates."
850 Winter St. is a top-five asset within the Rte. 128 West office market. Designed by Elkus Manfredi Architects, the property boasts a modern design with beyond-standard infrastructure and systems, including MEP infrastructure capable of supporting office and lab space, dual lobbies, super-efficient floor plates of 60,000 s/f and a seven foot window line.