R.W. Holmes has been retained to sell Lincoln North, a 128,500-square-foot Class A office building in Lincoln, MA.
Since acquiring the property in 2018, Real Capital Solutions (RCS) has revitalized the building with several capital improvements and amenities to create a first-class office experience. R.W. Holmes has served as the exclusive leasing agent for the property, securing new leases and expansions to bring occupancy of the building up to 92 percent.
R.W. Holmes Managing Director Dean Blackey, Corporate Services Director Elizabeth Holmes, and Vice President Mike Ogasapian are marketing the building for sale, which is located only five minutes from Route 128.
Lincoln North has been home to several prominent companies in the defense and technology industries in its lifetime. The building has several discerning features that make it unique; the circular parking lot designed to make every parking space equidistant to the front entrance, the modern brutalist architecture with glass and steel atrium, and the shape of the footprint of the building intended to be the point of a compass facing north from an aerial perspective.
Building amenities include a gourmet full-service café, fitness center, outdoor roof balconies, Zen room, mothers’ room, Comcast & Verizon Fios connectivity, conference, and training facility, loading docks, and storage, state-of-the-art security system with 24-hour monitoring and card-key access, onsite facilities management, and new bike share program and miles of adjacent trails, among others.
“This building offers an opportunity to acquire an asset with long-term reliable cash flow without any of the high costs normally associated with such an asset,” said Mr. Blackey. “Tenants with high credit ratings and an average lease term of more than 6 years means you can “set it and forget it” with this asset for the foreseeable future.”