Ames Pond – Sold
Address | 100 & 200 Ames Pond Drive, Tewksbury, MA (Boston, MA) |
Property Type | Two Office Buildings |
Size | 153,238 square feet |
Primary Tenant | WellPet (Berwind Corp.) |
Acquired | June 1, 2014 |
Sold | June 15, 2023 |
Syndicated | May 30, 2014 |
Internal Rate of Return | 4.2%* |
Average Annual Return | 3.9%* |
Equity Multiple | 1.35x* |
* Represents returns from dividends paid and initial sale proceeds, of which approximately 91% have been paid to date. Returns may vary after final distribution.
Highlights & Amenities:
- A recently refurbished two-building office campus located in Tewksbury, a Boston suburb.
- This distinctive waterfront office park with incredible views of the bucolic Ames Pond is adjacent to Route 495 and just minutes from Interstate 93, approximately 18 miles northwest of Boston.
- The Property has multiple tenants with a staggered lease expiration schedule.
- Ames Pond Corporate Center offers tenants a premier campus setting, electric car chargers, modern amenities package including a cafeteria and fitness center.
- A high percentage of all tenant improvements were completed within the last three years, with major building amenities being replaced in the last five years.