IBM Leases 490,000 SF Outside Boston

September 16, 2007 | Filed Under Commercial Real Estate, Boston Real Estate 

Computer giant IBM has signed a 490,000-square-foot lease to completely occupy the newly renovated Littleton Corporate Center, a two-building interconnected office complex in suburban Boston.

National Development of Massachusetts and New York-based Angelo Gordon & Co. acquired the complex last April from Hewlett-Packard Co. for $25.5 million. The venture began a full-scale renovation earlier in the year that includes all-new lobbies, entry points, elevators and energy efficient building systems and upgraded parking areas.

The renovations are expected to finish this month. IBM will take occupancy on a long-term lease beginning next summer.

The complex sits on 39 acres at 550 King St. in Littleton, MA, northwest of Boston. The three-story buildings were developed in 1984 and are comprised of 270,810 square feet and 215,130 square feet.

Torin Taylor and Richard Ruggiero of Cushman & Wakefield represented ownership, while Matt Dwyer and Flory McCarthy of Jones Lang LaSalle represented the IBM.

Source: Deena Dietrich for CoStar

Share This

Comments

Search

As Boston Real Estate professionals, our mission is to provide you with the best home-buying or home-selling experience in Boston. Search MA properties through MLS on our website, www.bushari.com. We pride ourselves on exceptional customer service, and look forward to sharing that service with you.

Bostonian Lofts is the premiere website for information about Boston Lofts. Read about Boston Loft Developments and how we can help you purchase or sell your Boston Loft.

We write the quarterly Boston Real Estate Market Report to help our clients better understand the real estate market in some of Boston's most popular neighborhoods. The Boston Real Estate Market Report breaks down the real estate market of each Boston neighborhood into categories based on the number of bedrooms. The report gives clients a detailed look at localized market trends. Subscribe for FREE today!

MLS Search

Property Types

Condo / Townhouse Single Family Multi Family Commercial Land All     Attributes Parking Fireplace Waterfront Pool Penthouse Full Service Price / Region Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000   to  Any Price 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 900,000 950,000 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 10,000,000+ Select an Area Any Arlington Belmont All of Boston Allston Back Bay Beacon Hill Brighton Charlestown Chinatown Dorchester East Boston Financial District Fort Hill Hyde Park Jamaica Plain Leather District Mattapan Midtown Mission Hill North End Roslindale Roxbury Seaport District South Boston South End The Fenway Theatre District Waterfront West End West Roxbury Brookline All of Cambridge Agassiz Cambridge Highlands Cambridgeport Central Square East Cambridge Harvard Square Inman Square Kendall Square Mid Cambridge North Cambridge Porter Square Riverside West Cambridge Chelsea Dedham Everett Framingham Lexington Malden Medford Milton Natick Needham All of Newton Auburndale Chestnut Hill Newton Center Newton Highlands Newton Upper Falls Newtonville Nonantum Waban West Newton Peabody Quincy Revere Somerville Waltham Watertown Wellesley Weston Advanced MLS Search