Land

94 Hartwell Avenue Development Site

94 Hartwell Ave Lexington, Massachusetts United States 02421-3123
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 1985
Building Area
Land Area ()

Property Description

JLL is pleased to present 94 Hartwell Avenue (the property or the site), a 13.7 acre site prime for redevelopment. The offering contains 94 Hartwell Avenue, a 14,616 square foot retail asset presently fully occupied by Waxy O’Connor’s.

The property is located within the Hartwell Life Science node, a core suburban life science cluster representing approximately 900,000 square feet of investor owned lab product that is 100% leased, averaging over 99% occupancy the past three years.

This offering is being marketed as-is, free and clear of any debt.

Investment Highlights

  • Institutionally accepted node with meaningful development and conversion potential
  • Hartwell corridor: long-standing innovation location and core life science cluster
  • Supply-constrained life science market
  • Life science market resiliency
  • Repatriation of drug manufacturing
  • Enhanced development potential - Hartwell Avenue area zoning overhaul
  • Mission-critical node for investors and tenants alike


Last Updated Date: 10 Aug 2021
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857
+84869421324
Alan Suzuki
Alan Suzuki
Managing Director, Capital Markets
+84869421324
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+84869421324
Last Updated Date: 10 Aug 2021

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