In 2015, The Davis Companies acquired two Class A office buildings located at 1025-1075 Main Street in Waltham, MA. The 303,460 square foot property was acquired for $52.5 million.
CitySide - 1025-1075 Main Street, Waltham, MA
Originally built in 1980, the property is currently occupied by Citizens Disability and The Cambridge Institute of International Education. HFF represented the seller and procured the buyer in the transaction. Additionally, HFF arranged a seven-year acquisition loan for the buyer through Brookline Savings Bank and First Niagara Bank. Coleman Benedict and Ben Sayles of HFF represented the seller in the deal. Riaz Cassum and Brett Paulsrud, also of HFF, led the HFF debt placement team for the financing. Gramercy Property Trust, as asset manager, advised KBS on the transaction.
Value Creation Strategy
To create a premier, first class office destination, The Davis Companies reimagined the property from the inside-out to provide world-class amenities inside and a fully connected, urban environment outside. On-site amenities include a grand two-story, all glass atrium lobby, modern fitness studio, window-lined café, common workspace areas, outdoor plaza with ample green space and an indoor parking garage.