DTZ, a global leader in commercial real estate services, completed the $49 million sale and leaseback of Axcelis Technologies' corporate headquarters located at 108 Cherry Hill Dr. The 37-acre property serves as the worldwide corporate headquarters for Axcelis Technologies and represents a class A, mission critical single tenant facility. The building was built in 1984 and consists of 417,313 s/f of high-end office and industrial (R&D) space. Axcelis has committed to lease the property on a long term, triple net lease.
Ed Wlodarczyk, DTZ's senior vice president, capital markets americas in collaboration with DTZ's Boston-based capital markets team and executive managing director James Halepis marketed the property on behalf of the seller, Axcelis Technologies.
"DTZ is growing throughout the U.S.," said Wlodarczyk. "This high-profile, advantageous, transaction is a good example of the kinds of deals we are successfully negotiating on behalf of our corporate clients," he said.
The buyer was an affiliate of Middleton Partners of Northbrook, IL. DTZ represented the seller and procured the buyer.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. Their core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, building consultancy, research, consulting, and project and development management. DTZ manages 3.3 billion s/f and $63 billion in transaction volume globally on behalf of institutional, corporate, government and private clients. Their more than 28,000 employees operate across more than 260 offices in more than 50 countries and proudly represent DTZ's culture of excellence, client advocacy, integrity and collaboration.