Ames Pond – Sold

Properties

Ames Pond – Sold

A refurbished two-building office campus located in Tewksbury, a Boston suburb. This distinctive waterfront office park with incredible views of the bucolic Ames Pond is adjacent to Route 495 and just minutes from Interstate 93, approximately 18 miles northwest of Boston.

Property Details

Address

100 & 200 Ames Pond Drive Tewksbury, MA

MSA

Boston/NE

Property Type

Two Office Buildings

Strategy

Core-Plus

Size

153,238 square feet

Primary Tenant

WellPet, Time Trade, Rakuten

Acquired

June 2, 2014

Syndicated

May 30, 2014

Sold

June 15, 2023

Internal Rate of Return (1)

4.9%

Average Annual Return (2)

4.7%

Equity Multiple (3)

1.43x

Photo of Tritower Financial Ames Pond property
Photo of Tritower Financial Ames Pond property
Photo of Tritower Financial Ames Pond property
  1. Internal Rate of Return is a financial metric, representing the average yearly return that takes into account the timevalue of money.
  2. Average Annual Return is the total investor return divided by the number of years in the actual holding period of the investment.
  3. Equity Multiple is a simple ratio showing how much total cash an investor gets back for every dollar they put into an investment over its lifetime by dividing the total cash distributions received by the total equity invested.

Highlights & Amenities

The Property has multiple tenants with a staggered lease expiration schedule.

Ames Pond Corporate Center offers tenants a premier campus setting.

Electric car chargers.

Modern amenities package including a cafeteria and fitness center.

Major building amenities were replaced during the holding period.

Location

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