Behringer Harvard Wayside LLC, an affiliate of Dallas-based Behringer Harvard, purchased the interconnected office buildings at 5 and 15 Wayside Road in Burlington, MA, for $82.27 million, or about $304 per square foot. Wayside Land Realty Trust I & II, affiliates of The Gutierrez Co., sold the property, which serves as the northeast regional headquarters of technology company Nokia.
The office buildings total 270,558 square feet and sit along the Route 128 office corridor, about 12 miles northwest of Boston. They were constructed in 1999 as a build-to-suit project for Nokia, designed by Symmes Maini & McKee Associates and developed and constructed by The Gutierrez Co.
Cushman & Wakefield’s Capital Markets Group of Robert E. Griffin, Jr., Edward C. Maher, Jr. and Marci Griffith Loeber represented the seller and procured the buyer.
The 5 Wayside building totals 132,965 square feet on five floors. Nokia expanded in 2001 to the four-story, 137,593-square-foot 15 Wayside building. The complex, along with one other office building, is part of the planned 470,000-square-foot Burlington Office Park II.
Source: CoStar
Hope everything is alright 🙁 The taxes are pretty high in the North Eastern part of America. That’s one of the reasons I moved down south to TX.