NKF Brokers $330M Sale of Waltham Life Science Campus
Newmark Knight Frank has arranged the $330 million sale of Reservoir Woods East, a life science campus in Waltham.
The property is comprised of two parts, 40 Sylvan Road and 50-60 Sylvan Road. 40 Sylvan Road is a three-story, 312,845-square-foot office building that features a long-term lease to National Grid as its United States headquarters. 50-60 Sylvan Road is a two-building, 202,428-square-foot former laboratory complex.
Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of the firm’s Boston Capital Markets Group represented the seller, a venture that included affiliates of Marcus Partners and The Davis Companies, in the transaction. The buyer was not disclosed. Additionally, William Sleeper of NKF provided financial analysis support.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.