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1 Hartwell Place

Boston Fusion Company Leases 10,437 Square Feet Office At 1 Hartwell Place Lexington MA
LEASEDOffice

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:

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

Mike Ogasapian

R.W. Holmes Commercial Real Estate

Broker

$20.3M

vol

12 deals

Broker

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