Boston Fusion Company Leases 10,437 Square Feet Office At 1 Hartwell Place Lexington MA
1 Hartwell Place
Building Size
10,437 SF
Asset Type
Office
Closing
May 15, 2025
AI
The property asset involved in the transaction is a 10,437-square-foot office space located at 1 Hartwell Place in Lexington, MA. It falls within the market of Lexington and is leased by Boston Fusion Company (BFC) from North River Company, represented by Coleman P. Burke.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1 Hartwell Place, Lexington, MA
- Market: Lexington, MA
- Landlord: Coleman P. Burke - North River Company
- Tenant: Kendra Moore - Boston Fusion Company (BFC)
- Landlord's Representative: Chris Devaux, James Tambone & Tim Latham - Lincoln Property Company
- Tenant's Representative: David Gilkie & Mike Ogasapian - R.W. Holmes Commercial Real Estate
The lease signing marks a strategic relocation for Boston Fusion Company within the Central Route 128 submarket. The deal highlights the representation roles fulfilled by Chris Devaux, James Tambone, and Tim Latham for the landlord and by David Gilkie and Mike Ogasapian for the tenant.
Players
Lexington Office Market Snapshot
Boundary boundary · Office · 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