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 1908
Building Area

Property Description

Jones Lang Lasalle, Americas (“JLL”) has been exclusively retained to arrange the sale of 33-41 Farnsworth Street (the “Asset” or the “Property”) in Boston, MA. Originally constructed in 1908 by Boston Wharf Company, the Asset is perhaps best known as the temporary Boston headquarters for General Electric, who occupied the building in its entirety until early 2020 when the Necco Street location was finished. Not surprisingly, the building has been particularly well maintained during its institutional ownership, occupancy and management. Located in the heart of the Fort Point Channel neighborhood, the Asset comprises approximately 99,068 square feet of loft space that can be readily converted to life science usage. The Asset possesses the unique physical attributes that make such a conversion highly successful – tall ceilings, oversized windows, wide open spaces and flexible floorplates.

 

Boston’s Seaport neighborhood, within which the Asset is squarely located, is quickly emerging as one of the nation’s top destinations for life science tenants. Spurred by a dynamic amenity base and numerous means of transportation, the Seaport boasts a “who’s who” of both established (Vertex, Foundation Medicine, Crispr and Alexion) and early stage companies (Dewpoint Therapeutics, Ikena Oncology and Monte Rosa Therapeutics). When the Seaport is ultimately built out, it will be the nation’s second largest concentration of life science space – second only to Kendall Square.

           

"The opportunity is being offered “as-is”, free and clear of existing debt and without a formal asking price.

Investment Highlights

  • The World's Most Important Life Science Cluster.
  • Institutional Investment Lives Here.
  • Accessible By Foot, Rail, Car.
  • The Seaport- Boston's most exciting submarket.
  • Unmatched Submarket Dynamics.
Last Updated Date: 30 Sep 2021
Coleman Benedict
Coleman Benedict
Senior Managing Director Investment Sales & Advisory, Platform Leader
License details
MA-9081568
Scott Carpenter
Scott Carpenter
Director, Capital Markets
License details
MA-9​5​3​4​1​6​1

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Last Updated Date: 30 Sep 2021

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