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Brookwood Acquires Ten Cabot Office Building in Medford, MA
Brookwood Financial Partners, LLC, has acquired Ten Cabot, a 107,026 square foot Class A office building located in Medford, MA.
Colliers’ Frank Petz, Matthew Sherry, Jeanne Pinado, John Nasca, and Brooke Howard led transaction negotiations on behalf of seller KS Partners and procured the buyer.
Ten Cabot is currently 97% occupied and located along Rivers Edge Drive in the city of Medford, a commuter-friendly suburb five miles from downtown Boston. It connects to Interstate-93 and Route 1 and is accessible through the Massachusetts Bay Transportation Authority’s Orange Line commuter train line at Wellington Station.
According to Brookwood, Ten Cabot is attractive to tenants that have been pushed out of nearby office space due to expanding demand for life science space.
“We were attracted to the Ten Cabot property due to its highly-appealing location in close proximity not only to major thoroughfares and outstanding amenities, but also to the area’s booming life sciences and pharmaceutical industries, and other growing employment hubs throughout the Boston area,” said Thomas Brown, Brookwood’s president and director of real estate acquisitions.
- ◦Sale/Acquisition
