Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1982
Building Area
Land Area ()

Property Description

As exclusive sales agent, JLL is please to offer Penn Place (the “Property”), a 73,566 square foot office building on 6.45 acres at 100 Pennsylvania Avenue in Framingham, MA.  

                                                                

Located just off of I-90 at the Route 9 intersection, the Property offers easy access to both I-495 and I-95 and is situated in the middle of one of Framingham’s core business clusters. Exceptional access coupled with historically stable market fundamentals make Penn Place a valuable location for a variety of uses.   

                                                                    

The opportunity is being offered “as-is”, free and clear of existing debt and without a formal asking price.

Investment Highlights

  • Immediate ability to add significant value through the lease-up of the currently vacant space, which is in turnkey condition
  • Significant influx of life science users in the immediate area, taking office space offline and converting it to lab
  • Surrounded by corporate users including Bose, Sanofi Genzyme and Staples
  • Immediate access to the Mass Pike (I-90) at the Route 9 intersection (Exit 111), providing access to Route 128, Cambridge and Boston
Last Updated Date: 19 Aug 2021
Scott Carpenter
Scott Carpenter
Director, Capital Markets
License details
MA-9​5​3​4​1​6​1
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857

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Last Updated Date: 19 Aug 2021

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