Shorenstein Investment Advisers in a joint venture with Tritower Financial Group has acquired The Xchange, a 480,000-square-foot research and development (R&D) office park located in Bedford, Mass.
The XChange is an eight-building, state-of-the-art innovation campus located prominently on State Route 3 and adjacent to the State Route 128 interchange in Burlington, making it central to the submarket’s innovation and advanced manufacturing communities. The research-and-development-focused campus offers a unique combination of offerings for attracting modern innovation talent. The property not only provides tenants with the required power, clear height and loading docks necessary for innovation, but also a robust amenities package traditionally offered in leading office parks: a modern café, fitness center with yoga studio and CrossFit gym, and an abundance of parking. The park is 99 percent leased with a diverse mix of tenants spanning robotics, battery development, diag
