BOSTON— Newmark Knight Frank (NKF) has completed the sale of Totten Pond Office Park in Waltham, MA to Northwood Investors for $51.5 million.
Led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen, Director James Tribble and Associate Director Samantha Hallowell, NKF’s Boston Capital Markets Group oversaw the transaction of the three-building office park on behalf of TA Realty.
Encompassing 400, 410 and 460 Totten Pond Road, Totten Pond Office Park is presently 87 percent leased to a 43-tenant roster. Together, the buildings feature newly-renovated on-site amenities including a cafeteria, fitness center, conference room and café.
“Totten Pond Office park represents a top value alternative for tenants seeking a Waltham address,” said Pullen. “The property’s 20,000-square-foot floor plates offer exceptional efficiency and flexibility for a variety of tenant requirements.”
Situated immediately off Route 128 (Interstate 95) and 10 minutes from its interchange with Interstate 90 (Massachusetts Turnpike), Totten Pond boasts exceptional regional accessibility. Additionally, the property is surrounded by Waltham’s booming amenity scene, which boasts 200,000 square feet of new retail openings in the last 24 months.