BOSTON— Chestnut Realty Management has sold 8 Presidential Way in Woburn, MA for $13.25 million. The name of the buyer was not disclosed. The deal was brokered by NKF Capital Markets.
Led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Associate Director Samantha Hallowell in conjunction with Newmark Knight Frank Executive Managing Directors Torin Taylor, Richard Ruggiero and Matthew Adams and Director Rory Walsh, the NKF Capital Markets Boston office oversaw the transaction of the two-story building on behalf of Chestnut Realty Management.
Comprising 104,000 square feet, 8 Presidential Way features prominent building signage, efficient floor plates, excellent clear heights and abundant parking.
“8 Presidential Way enjoys an exceptional location within the Route 128 North market,” said Taylor. “The property is directly surrounded by a major corporate hub highlighted by American Tower, MediaTek, Randstad and Raytheon.”
8 Presidential Way is well positioned directly off Interstate 93 and moments from Interstate 95 (Route 128). It is also located less than one mile from the Anderson Regional Transportation Center, which offers train and bus service via Amtrak and the MBTA. Finally, the property is surrounded by an extensive amenity base including the Woburn Mall, Residence Inn by Marriott, Boston Sports Club and Target.