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200 Ames Pond Dr, Tewksbury...

WellPet Leases 35108 Square Feet At 200 Ames Pond Dr Tewksbury With Tritower Financial Group
LEASEDIndustrial

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

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.

Players

Brian Tisbert

JLL

Broker

$37.4M

vol

8 deals

Broker
TL
Tritower Financial Group LLCLandlord

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