Cross Ocean Partners and Lincoln Property Co. have acquired a trophy office campus in Needham, Mass., for $132 million.
Located at 140 Kendrick St., just 15 miles southwest of Downtown Boston, the 409,197-square-foot property is home to notable tenants including Wellington Management, Clarks, and Walker & Dunlop. Originally developed by BXP in 2000 and recently transformed through a $27.8 million capital improvement program, 140 Kendrick St. represents one of Greater Boston's premier office destinations.
“140 Kendrick Street exemplifies the perfect blend of quality, prime location, and long-term stability,” said Scott Faber, senior vice president of investments at Lincoln Property Co.’s Boston office. “This premier campus stands out as a top-tier property, attracting high-caliber companies seeking exceptional office space in a competitive market.”
The campus leased up entirely in the post-COVID environment and now maintains a 96.4 percent occupancy
