Corbus Pharmaceuticals Renews 36,471 Square Foot Office Lease At 500 River Ridge Drive
500 River Ridge Drive
Building Size
36,471 SF
Asset Type
Office
Closing
Jul 22, 2026
AI
The property asset involved in this transaction is located at 500 River Ridge Drive in Norwood, Massachusetts. It is an office space with a total square footage of 36,471 square feet within a larger property of 100,261 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Corbus Pharmaceuticals
- Landlord's Representative: Nathanael Kessler - JLL
- Tenant's Representatives: Curtis Cole, Sean Hannigan & Tim Allen - Colliers
The deal involves Corbus Pharmaceuticals renewing its lease, thereby ensuring its continued occupancy in the office space at 500 River Ridge Drive. The representatives facilitating this transaction include Nathanael Kessler for the landlord and Curtis Cole, Sean Hannigan, and Tim Allen representing the tenant.
Players
Norwood 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