Select Income REIT and The RMR Group appoint Avison Young to exclusively market 287,000 square feet in Maynard, MA

Jack Kerrigan

BOSTON— Avison Young, the world’s fastest-growing commercial real estate services firm, announced  that it has been appointed by Select Income REIT (SIR) and The RMR Group (RMR) as exclusive leasing agent for Nashoba Woods, located at 111 Powdermill Road in Maynard, MA.

Located on Route 62, Nashoba Woods comprises 287,000 sf of class A office space. For the past several years, the building served as the headquarters for Stratus Technologies. Prior to that, the building was the world headquarters for Digital Equipment Corporation.

Jack Kerrigan
Jack Kerrigan

Avison Young Principals Jack Kerrigan and Steve Cook, along with Vice-President Bill Sullivan and Associate Virginia Kerrigan, all based in the firm’s Boston office, will lead the brokerage team.

“SIR is in a unique position, as Nashoba Woods can accommodate a large, 287,000-square-foot (sf) class A office user, and no other landlord in the greater Boston area can match this availability,” comments Jack Kerrigan. “The large available space, in combination with the building’s highly accessible location and strong local ownership, make it a desirable option for tenants.”

“The RMR Group looks forward to partnering with the Avison Young team to lease Nashoba Woods,” adds Jennifer Francis, Senior Vice-President at The RMR Group.

On-site amenities include a 340-seat cafeteria, 45-seat conference center, and full-service fitness center. Nearby downtown West Concord and Maynard offer numerous retail and dining options.

Select Income REIT is a real estate investment trust, or REIT, which primarily owns office and industrial properties that are net leased to single tenants throughout the United States. As of June 30, 2015, SIR owned 116 properties with approximately 43.9 million rentable square feet located in 35 states. SIR is headquartered in Newton, Massachusetts. The property is managed by RMR Real Estate Services, a division of The RMR Group, also headquartered in Newton, Massachusetts, which manages more than 68.5 million square feet of commercial office, industrial, and medical office buildings across the country