Graeme Grant Of Alsym Energy Signs Largest 60,000 SF Lease At Exchange 200 In Malden
200 Exchange Street
Building Size
60,000 SF
Asset Type
Office
Closing
Sep 25, 2024
AI
The property involved in this transaction is an office asset located at 200 Exchange Street in Malden, MA. It has a total square footage of 60,000 SF, making it a significant space within the market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 200 Exchange Street
- Market: Malden, MA
- Landlord: Berkeley Investments & Singerman Real Estate
- Tenant: Graeme Grant - Alsym Energy
- Landlord's Representative: Anslee Krouch, Chris McCauley & Molly Heath - JLL
- Tenant's Representative: Bill Lynch & Caroline Evans - Colliers
Alsym Energy has signed the largest lease at the building, highlighting the importance of this deal within Greater Boston's cleantech lab sector for the year. The representatives for the landlord and tenant played crucial roles in facilitating this significant lease agreement.
Players
Malden 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