Jones Lang Lasalle, Americas (“JLL”) has been exclusively retained to arrange the sale of 9-11 Hampshire Street (the “Asset” or the “Property”) in Mansfield, MA. The Asset comprises 155,348 square feet of Class A space that is currently 88.2% occupied by three tenants with a combined weighted average lease term (WALT) of 8.1 years
9-11 Hampshire Street is a headquarters-quality facility that has been institutionally owned, occupied and maintained. Originally developed in 1989 and expanded in 1991. The building comprised of two interconnected buildings with efficient floorplates, allowing for tenant expansion both vertically and horizontally. Marked by its monumental entrance and high level of curb appeal, the Asset is the ideal corporate facility with oversized windows, modern finishes, generous column space and abundant parking (3.5/1,000).
Situated squarely at the pivotal confluence of Interstate 95/495, the Asset is located within the master planned Cabot Business Park and accessed via Route 140 (which has a direct connection to each highway). As such, the Asset enjoys unparalleled access within the Greater Boston area, as Boston, Providence and Worcester areas easily within reach.
The opportunity is being offered “as-is”, free and clear of existing debt and without a formal asking price
- Anchored by three, high quality tenants, the incoming investor will benefit from highly durable cash flow, that is underpinned by credit and contractual increases.
- Originally built as a corporate headquarters, 9-11 Hampshire Street is a premium asset marked by generous column spacing, efficient work areas, oversized windows and abundant parking.
- With direct access from Route 140 to both Interstates 95 and 495, 9-11 Hampshire is easily accessed from every point on the compass.
- Cabot Business Park is home to such corporate neighbors including AmerisourceBergen, Integra LifeSciences, Johnson Meditech, Medtronic, Murata Power Solutions, Rexel, Samsonite, Smith & Nephew and Toyota.