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
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