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175 Wyman Street

Peter Gottlieb Of Hobbs Brook Real Estate Leases 320694 SF Office To Pascal Daloz In Waltham
LEASEDOffice

Peter Gottlieb Of Hobbs Brook Real Estate Leases 320694 SF Office To Pascal Daloz In Waltham

175 Wyman Street & 185 Wyman Street

Building Size

641,388 SF

Asset Type

Office

Closing

Dec 8, 2025

AI

The asset involved in this transaction consists of two office buildings located at 175 Wyman Street and 185 Wyman Street in Waltham, MA, with a total square footage of 320,694 square feet. The asset is positioned in a significant market area, reflecting a strong presence in the Boston suburban office sector.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Disclosed
  • Landlord: Peter Gottlieb - Hobbs Brook Real Estate
  • Tenant: Pascal Daloz - Dassault Systèmes
  • Landlord's Representative: CBRE
  • Tenant's Representative: JLL
  • Date: 12/08/2025

The deal highlights a noteworthy lease renewal for Dassault Systèmes, marking it as the largest suburban Boston office lease since 2020 and the second largest in Massachusetts during that timeframe. The representation from CBRE for the landlord and JLL for the tenant reinforces the strategic collaboration in securing this lease arrangement.

Players

CBRE
CBREBrokerage
JLL
JLLBrokerage

Waltham 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