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Burlington, MA Cushman & Wakefield, on behalf of The Gutierrez Company, announced today the sale of a property to Cole Office & Industrial REIT (CCIT II), Inc. for $119.8 million. The property is currently leased to Keurig Green Mountain, Inc. The Cushman & Wakefield team, led by president Robert Griffin, vice chairman Edward Maher, executive director Matt Pullen and executive vice president Michael Frisoli, oversaw the transaction of the recently-constructed facility. VEREIT, Inc. completed the transaction on behalf of CCIT II.
The facility was constructed in two phases by The Gutierrez Company, with Phase I completed in 2013 encompassing 150,700 s/f of office/R&D space. Phase II encompasses 280,560 s/f of office space and an 875-space parking structure.
“Prominently located at the juncture of Route 128 and Route 3, the campus offers a desirable combination of exceptional access and high visibility,” said Pullen.
Designed with an emphasis on efficiency and sustainability, the property also boasts LEED Gold certification and is the fourth project in Burlington which The Gutierrez Company has completed under the LEED program.
Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms in the world with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facilities services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), tenant representation and valuations & advisory.