Updated Oct 28, 2024
Markforged Signs 10-Year Modified Gross Lease For 120,681 SF Office/R&D Space In Waltham, MA With Landlord Boston Properties And Reps Victoria Paolino, Philip Verre & Rob Byrne - Cushman & Wakefield
60 Tower Road, Waltham, Massachusetts 02451, United States
Building Size
120,681 SF
Asset Type
Office
Closing
Dec 17, 2021
About this deal
AI
Markforged has recently signed a lease for an office/R&D space located at 60 Tower Rd in Waltham, MA. The property spans 120,681 square feet and is owned by Boston Properties.
Summary of transaction details
- Property Type: Office/R&D
- Transaction Date: 12/17/2021
- Address: 60 Tower Rd, Waltham, MA
- Market: Waltham, MA
- Landlord: Boston Properties
- Tenant: Markforged
- Landlord's Representative: Victoria Paolino
- Tenant's Representatives: Philip Verre & Rob Byrne - Cushman & Wakefield
- Lease Type: Modified Gross Lease
- Lease Terms: 10 Years
Rob Byrne, Philip Verre, and Victoria Paolino were involved in the lease transaction as representatives for Markforged (tenant) and Boston Properties (landlord) respectively.
On the Map
Office
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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