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Attributes

Land Area ()
Number of units 64

Property Description

JLL has been exclusively retained to offer for sale 90 Worcester Road, currently a 64-room Monticello Inn on a 3.13-acre site in Framingham, Massachusetts. The site is situated in the heart of the “Golden Triangle,” one of New England’s largest retail districts, which straddles the borders of Framingham and Natick, offering unmatched access to high-profile office and retail tenants. Major corporate tenants nearby include TJX Companies (HQ), Staples (HQ), Bose Corporation (HQ), Centage (HQ), MathWorks (HQ), Definitive Healthcare, Meditech and more.

Additionally, the global pharmaceutical giant Sanofi has a sizable R&D/manufacturing facility nearby, and the 100,000 square foot former MetroWest Daily News facility located a half-mile north of the site is being converted into multi-tenant office/lab space targeting bio-tech start-ups; 63,000 square feet have already been leased to Replimune Group, a growing bio-tech company. The 1.86 million square foot Natick Mall and 778,500 square foot Shopper’s World complex across the street from the property are two of the region’s largest demand drivers. With access to major highways, the MBTA commuter rail, and an abundant selection of nearby restaurants and retail, this site is a premier redevelopment opportunity in one of Boston’s most desirable suburbs.

Investment Highlights

Retail Hotspot

  • The property is located in the Golden Triangle District, the second largest shopping district in New England and a critical economic engine for Framingham and Natick. Situated minutes from the site is the 1.86 million square foot Natick Mall, which is the largest in New England, with 214 tenants

Exceptional corporate demand

  • There is over 11 million square feet of office space within five miles of the property, and many major employers have their corporate headquarters nearby including Bose, Staples, MathWorks, and The TJX Companies

Vibrant Neighborhood

  • The City of Framingham boasts a variety of restaurants, shops, acclaimed performing arts venues, numerous state and local parks, a major regional art museum, and Framingham State University, which has an enrollment of over 5,000 students
Last Updated Date: 24 Nov 2020
Alan Suzuki
Alan Suzuki
Managing Director, Capital Markets
Michael Restivo
Michael Restivo
Director, Capital Markets
License details
MA-9560857

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Last Updated Date: 24 Nov 2020

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