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Newmark Capital Markets has successfully completed the sale of 8 Presidential Way in Woburn, Massachusetts for $13.25 million. Led by U.S. Head of Capital Markets, President, New England Area Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Associate Director Samantha Hallowell in conjunction with Newmark Executive Managing Directors Torin Taylor, Richard Ruggiero and Matthew Adams and Director Rory Walsh, the Newmark Capital Markets Boston office oversaw the transaction of the two-story building on behalf of Chestnut Realty Management.
Comprising 104,000 square feet, 8 Presidential Way features prominent building signage, efficient floor plates, excellent clear heights and abundant parking.
“8 Presidential Way enjoys an exceptional location within the Route 128 North market,” said Taylor. “The property is directly surrounded by a major corporate hub highlighted by American Tower, MediaTek, Randstad and Raytheon.”
8 Presidential Way is well positioned directly off Interstate 93 and moments from Interstate 95 (Route 128). It is also located less than one mile from the Anderson Regional Transportation Center, which offers train and bus service via Amtrak and the MBTA. Finally, the property is surrounded by an extensive amenity base including the Woburn Mall, Residence Inn by Marriott, Boston Sports Club and Target.
About Newmark Capital Markets
Newmark Capital Markets, operated by Newmark Group, Inc., is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, our strong foundation makes us one of the most trusted names in commercial real estate. We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.
Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
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