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MetLife Snags SharkNinja Boston HQ for $97M
MetLife Investment Management acquired 89 A Street in Needham, MA, which serves as the global headquarters of SharkNinja, a household cleaning and kitchen appliance company. The 247,542 square-foot creative office building was sold by Normandy Real Estate Partners and Westbrook Partners for $96.5 million.
The newly-renovated property features a two-story lobby, two interior courtyards, a cafeteria and a fitness center complemented by high-end tenant buildouts. 89 A Street is located within Founders Park, a 41-acre campus featuring more than $350 million in recently-completed and ongoing investment. That includes TripAdvisor’s corporate HQ, a 128-key Residence Inn hotel, a regional HQ/media center for Comcast subsidiary NBCUniversal, and a 390-unit apartment complex.
NKF Capital Markets’ Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell oversaw the transaction.
Pullen says, “Offering open, collaborative office space in a dynamic mixed-use location with seamless accessibility, 89 A Street enables tenants to attract and retain a modern workforce.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition