Longtime Raytheon-Occupied Office Campus in Woburn Sells for $129M
Newmark has completed the $129-million sale of 225 & 235 Presidential Way, a two-building office/research campus occupied by Raytheon Technologies and located in the suburban Boston community of Woburn, MA.
Newmark’s Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell represented the seller, Piedmont Office Realty Trust, and procured the buyer.
The property comprises 440,130 square feet in two interconnected buildings and hosts essential support functions of Raytheon Technologies’ Raytheon Missiles & Defense segment.
Maher explained that the property has benefitted from a tenured tenancy with Raytheon Technologies, which has been located on site since 2004. “The institutional-quality campus is fully customized to its requirements, featuring state-of-the-art infrastructure, highly visible signage overlooking Interstate 93 and on-site amenities including a fitness center, full-service cafeteria, conference/meeting facilities and two structured parking garages,” said Maher.
The campus is adjacent to the Anderson/Woburn Transportation Center, 15 minutes from Boston and 20 minutes from Raytheon Technologies’ headquarters in Waltham.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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