1100 Technology Park Drive

ASSET CLASS / LOCATION

Industrial/Flex Building in Billerica, MA

ACQUISITION DATE

April 2022

TOTAL LAND AREA

15.91 acres (2.39 hectares)

TOTAL RENTABLE AREA

239,903 square feet (22,288 square meters) and outdoor parking for 700 cars

1100 Technology Park is a three-level building containing 239,903 square feet (22,288 square meters) of net leasable flex, R&D and office space located in two two-story wings with outdoor parking for 701 cars (2.92 per 1,000 square feet). The space in the Project is 100% leased to Baker Hughes until September of 2026. The building is located on a parcel of land totaling 15.91 acres (2.39 hectares) located at 1100 Technology Park Drive in Billerica, Massachusetts, about 20 miles north and west of Boston with convenient access to U.S. Route 3. The Project was constructed in 1984 with an addition in 1986 and a renovation in 2004. It is located within an innovation cluster in the northwest sector of the Boston suburban market.