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Nuvera Fuel Cells Renews Lease At Rivertech Park In Billerica, MA

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LEASED

Massachusetts

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Industrial110,684 SF
Leased 05/02/2024
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LEASED

Nuvera Fuel Cells Renews Lease At Rivertech Park In Billerica, MA

129 Concord Road

See Similar Deals
Industrial110,684 SF
Leased 05/02/2024
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:110,684 SF
Transaction Type:Lease

The industrial property located at 129 Concord Road in Billerica, MA spans 110,684 square feet and was subject to a lease renewal. The landlord, Rivertech Owner LLC, facilitated a deal with the tenant, Nuvera Fuel Cells, LLC, for the renewal of their lease at Rivertech Park.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 129 Concord Road
  • Market: Billerica, MA
  • Asset Type: Industrial
  • Square Footage: 110,684
  • Tenant: Nuvera Fuel Cells, LLC
  • Landlord: Rivertech Owner LLC
  • Brokers: Matthew Adams, Rory Walsh & Torin Taylor - Newmark

Newmark Executive Managing Directors Richard Ruggiero, Torin Taylor, Matthew Adams, along with Senior Managing Director Rory Walsh played pivotal roles in securing the lease renewal deal for Nuvera Fuel Cells, LLC at Rivertech Park in Billerica, Massachusetts.

Players

Torin Taylor
12 deals$38.2M volume(617) 863-8587
BROKER


Details

LEASED
IMAGE: 05/02/2024 ADDRESS: 129 Concord Road MARKET: Billerica, MA ASSET TYPE: Industrial ~ SF: 110,684 LANDLORD: Rivertech Owner LLC TENANT: Nuvera Fuel Cells, LLC BROKERS: Matthew Adams, Rory Walsh & Torin Taylor - Newmark NOTE: Newmark secured a 110,684-square-foot lease renewal for Nuvera Fuel Cells, LLC at Rivertech Park in Billerica, Massachusetts, with Newmark Executive Managing Directors Richard Ruggiero, Torin Taylor, Matthew Adams, and Senior Managing Director Rory Walsh facilitating the deal.

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Deal Type
Effective Rent (Annual)

$6,344,340.09

Total Lease Value

$63,443,400.89

Net Landlord Cash Flow$6,344,340.09