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100 Technology Center Dr, S...

Shields Healthcare Leases Office Space In Stoughton To Campanelli
LEASEDOffice

Shields Healthcare Leases Office Space In Stoughton To Campanelli

100 Technology Center Dr, Stoughton...

Building Size

36,615 SF

Asset Type

Office

Closing

Oct 15, 2018

AI

The newly redeveloped, Class A office building located at 100 Technology Center Dr in Stoughton, Mass., has recently secured a lease agreement with Shields Healthcare. Shields Healthcare will be occupying 36,615 square feet of space within the property, specifically on the entire sixth floor. The medical service provider is relocating its headquarters from 700 Congress St. in Quincy, Mass., to this new location.

Summary of transaction details:

The lease deal was facilitated by Michael (Mike) Frisoli of Newmark, who represented the tenant, Shields Healthcare, in this transaction. Shields Healthcare's decision to lease space at 100 Technology Center Dr will involve the completion of a custom build-out by the owner's construction branch, Campanelli Construction.

Players

Tyler McGrail

Newmark

Broker

$137.4M

vol

11 deals

Broker

Stoughton 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