Comcast office building in Chelmsford sold for $32.5m

NGKF Capital Markets has announced the sale of 5 Omni Way in Chelmsford, Massachusetts to a private New York-based investment firm for $32.5 million. The 131,430-square-foot office complex recently completed a $15 million redevelopment by the building’s vendor, a partnership between Griffith Properties and Echo Bridge Partners. The building is currently being leased as a regional call center and executive hub for American multinational mass media company Comcast. The NGKF Capital Markets team in Boston oversaw the disposition of the asset on behalf of the sellers.

“5 Omni Way is strategically situated immediately adjacent to Route 129 in the thriving Route 3 corridor, Burlington’s fast-growing relief valve,” said Executive Managing Director Matthew Pullen, NGKF. “Combined with its first-class tenancy, this premier location solidifies 5 Omni Way’s status as a highly desirable asset.”