The CenterPoint office complex in Waltham, Massachusetts, has been sold for $86m to Hilco Real Estate. Totaling more than 440,000 sq ft, CenterPoint includes two buildings, 41 Seyon Street and 43 Foundry Avenue. Formerly serving as an R&D and manufacturing hub for Raytheon, the property is anchored by Repligen, EDC (Education Development Center) and Simpson Gumpertz & Heger. Trading for just over $195 per sq ft, the asset is located in the Charles River Mill District, which includes 2.6 million sq ft of office, technology, manufacturing and industrial space. NKF Capital Markets represented the seller, Rubenstein Partners, during the transaction.
“CenterPoint represents an exceptional creative office retrofit with first-class tenant build-outs, state-of-the-art building systems, high ceilings and efficient floor plates,” said Matthew Pullen, executive managing director at NKF Capital Markets. “The complex also boasts an attractive infill location within a thriving suburban Boston innovation cluster.”
