BOSTON, MA – Hackman Capital Partners, LLC and Calare Properties, Inc. have appointed JLL as the exclusive leasing agent for Riverview Business Park, a 130-acre business campus located at 495/515 Woburn Street in Billerica, MA.
Conveniently situated less than one mile off I-495, minutes from Route 3, and just 30 minutes north of Boston and Cambridge, Riverview Business Park provides direct access to key New England markets and a highly educated workforce at a more cost-effective rate than other nearby urban facilities. Its strategic location in Billerica, a Massachusetts Economic Target Area, also offers tenants the potential for significant economic incentives.
Formerly home to Raytheon, the Park recently underwent a multi-million-dollar transformation focused on the site’s largest facility, a 563,322-square-foot building at 495 Woburn Street. Phase I of the transformation included: a contemporary front entrance lobby featuring an exposed steel roof; floor to ceiling glass and river rock details and seating area; dynamic, ultra modern facade with a cantilevered backlit glass curtain wall, canopy, and frosted glass; lush landscape improvements with an outdoor courtyard; a new parking lot adjacent to the front entrance, and more. Future plans include a fitness center, cafeteria, and interior courtyard.
“We are eager to work with JLL to promote our world-class business campus,” said Michael Hackman, Founder and CEO of Hackman Capital Partners. “Their proven experience and expertise in this market, combined with their national and global reach and industry-leading research and marketing teams will allow us to showcase the recently completed and future improvements at Riverview Business Park. We look forward to this next phase of the Park’s growth.”
According to JLL Managing Director Chris Lawrence: “We are excited to partner with Hackman Capital Partners to market one of the North suburban market’s premier business parks. Uniquely positioned just minutes from the Boston metropolitan area’s second largest city, the property offers a wealth of nearby amenities desired by today’s tenants. Combined with its exceptional access, flexible floor plates, and recent enhancements, Riverview Business Park presents an excellent opportunity for R&D, manufacturing and corporate office users looking for quality, large-scale space in this market. We’re looking forward to the next phase of the park’s growth.”
Lawrence, along with JLL Senior Vice President Brian Tisbert, will lead the leasing team on the Park, which is part of a more than 10 million-square-foot portfolio owned by a joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust. The majority of that portfolio is in New England.