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AEW Capital Acquires Suburban Boston Asset
AEW Capital Management acquired 101 Station Drive in Westwood, MA for $53.1 million on behalf of one of its institutional separate account clients. The Class A asset was sold by Massachusetts-based National Development and Charles River Realty Investors.
101 Station Drive recently underwent a multi-million-dollar transformation into a state-of-the-art workplace with on-site amenities, including a café, fitness center, outdoor fireplace/lounge, bicycle rental station and shuttle service to nearby shops, restaurants and an MBTA/Amtrak train station. The 208,134-square-foot property is 100% leased to eight tenants, anchored by General Dynamics, Mott MacDonald, The Predictive Index, Boston Children’s Hospital and Honeywell.
NKF Capital Markets’ Robert Griffin, Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell oversaw the transaction, in conjunction with NKF’s Michael Frisoli and Peter Whoriskey.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
