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:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Campanelli
- Tenant: Shields Healthcare
- Landlord's Representative: Michael (Mike) Frisoli (Newmark), Peter Browne (Compass), Tyler McGrail (Newmark)
- Broker: Michael (Mike) Frisoli (Newmark)
- Square Feet: 36,615
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
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