Alexandria Real Estate Equities Inc. Acquires Office/Development Site In Norwood, MA For $105M

An office/development site located at 1 Investors Way in Norwood, MA, has been sold in a recent transaction. The property, spanning 236,566 square feet, was purchased by Alexandria Real Estate Equities Inc., represented by Joel S. Marcus and Stephen A. Richardson. The seller of the asset is U.S. Realty Advisors, with Richard H. Ader, David Grazioli, and Bain Capital Real Estate being the listed sellers. The deal was facilitated by brokers Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark. The sale was finalized for a price of $105,000,000, resulting in a price per square foot of $444. The property sits on a 54-acre lot, amounting to a price per acre of $1,944,444.

Summary of transaction details:

• Property Type: Office/Development Site
• Transaction Amount: $105,000,000
• Address: 1 Investors Way, Norwood, MA
• Market: Norwood, MA
• Square Footage: 236,566 SF
• Price per Square Foot: $444
• Acres: 54
• Price per Acre: $1,944,444

The deal was initiated by Alexandria Real Estate Equities Inc., led by Joel S. Marcus and Stephen A. Richardson, who represented the buyer. On the seller's side, U.S. Realty Advisors, with representatives Richard H. Ader, David Grazioli, and Bain Capital Real Estate, facilitated the transaction. Brokers Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark worked on behalf of both parties to successfully close the deal.