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
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