Davis_COLOR_Logo
Cityside
1075 Main St, Waltham, MA 02451

Thesis

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.

Execution

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.

Asset Class

Fund

Fund II

Year Sold

2021

Location

Waltham, MA