Updated Oct 29, 2024
WellPet Leases 35108 Square Feet At 200 Ames Pond Dr Tewksbury With Tritower Financial Group
200 Ames Pond Dr, Tewksbury, MA, 01...
Building Size
35,108 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property asset involved is located at 200 Ames Pond Dr, Tewksbury, MA, covering an area of 35,108 square feet. This lease renewal and expansion provide WellPet with additional office space to support its commercial, innovation, and customer marketing teams. The facility is a pet-friendly space that will accommodate over 130 employees and includes areas designated for outdoor events. It is situated within the Ames Pond Corporate Center, a 340,000-square-foot office park.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 200 Ames Pond Dr, Tewksbury, MA
- Market: Tewksbury
- Tenant: WellPet
- Landlord: Tritower Financial Group
- Tenant's Representative: John Dolan - Avison Young
- Landlord's Representative: Brian Tisbert - JLL
John Dolan and Rob Glor of McCall & Almy were instrumental in representing WellPet during this transaction. Meanwhile, the landlord, Tritower Financial Group, received advisory services from Brian Tisbert and Peter Richardson of JLL.
On the Map
Industrial
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Players
Tewksbury Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93