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251 Locke Drive

Bruce A. Beal Of Related Beal Leases 95,182 Square Feet Office To Advocates In Marlborough
LEASEDOffice

Bruce A. Beal Of Related Beal Leases 95,182 Square Feet Office To Advocates In Marlborough

251 Locke Drive

Building Size

95,182 SF

Asset Type

Office

Closing

May 13, 2026

AI

The property at 251 Locke Drive in Marlborough, MA, is an office asset comprising a total of 95,182 square feet. This asset is part of a larger 160,649-square-foot office and flex building, which is now fully occupied following a recent lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 251 Locke Drive
  • Market: Marlborough, MA
  • Landlord: Bruce A. Beal - Related Beal
  • Tenant: Advocates
  • Landlord's Representative: Alison Powers & Rob Walles - JLL
  • Tenant's Representative: Jon Pezzoni - Avison Young

This lease transaction involved Bruce A. Beal representing Related Beal, who is the landlord of the property, while the tenant, Advocates, was represented by Jon Pezzoni from Avison Young. Alison Powers and Rob Walles from JLL represented the landlord in this deal.

Players

Jon Pezzoni

Avison Young

Broker

$6M

vol

3 deals

Broker
A
AdvocatesBuyer
A
AdvocatesTenant

Market 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