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Granite Woods Corporate Center
Braintree, MA 02184

Acquired

6/3/2008

Location

Granite Woods Corporate Center is well located less than one mile off of I-93 in Braintree, MA, just south of the Braintree Split interchange with Route 3 serving Boston`s South Shore suburbs. The property is easily accessible from Boston and points north as well as from I-95 and Route 24 serving communities south of Boston. The property is also adjacent to South Shore Plaza, one of New England`s largest super-regional malls.

Description

Granite Woods Corporate Center consists of two Class B+, two-story office buildings totaling 168,000 SF and was 100% leased upon acquisition. It was originally developed for Verizon in 1972 by Campanelli Companies, who spent $3.2 million in systems and common area upgrades including renovation of the lobbies in 2007.

Investment Rationale

Core plus investment with strong, stable cash returns from day one
Fully leased, with no rent rollover exposure until 2011
Desirable location with convenient access to major highways and amenities




Fund Ownership

Fund VII

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF