VinCo Properties, Inc. Acquires 78 Dragon Court in Woburn, MA: VinCo Continues to Build Office Portfolio Adding 74,000 SF Office Building
Boston-based VinCo Properties, Inc., a real estate development company that specializes in creating value through the repositioning of existing buildings and undeveloped land, has purchased 78 Dragon Court, an office building consisting of 74,000 SF of rentable space in Woburn, MA.
Boston, MA (PRWEB) September 30, 2006 -- Boston-based VinCo Properties, Inc., a real estate development company that specializes in creating value through the repositioning of existing buildings and undeveloped land, has purchased 78 Dragon Court, an office building consisting of 74,000 SF of rentable space in Woburn, MA.
VinCo Properties Inc. acquired the building from American Real Estate Holdings LP for $4.15 million. CB Richard Ellis represented the seller and will act as the primary leasing company. Matt Daniels of Jones Lang LaSalle procured the buyer.
Built in 1980, Dragon Court’s steel frame structure with architectural block finish stands on 5.27 acres with an abundance of parking available to tenants. 78 Dragon Court is comprised of four (4) floors of office space ranging from 15,000 – 20,000 SF and is capable of accommodating tenants as small as 5,000 SF. The location and floor plate lend itself perfectly for medical, back office, or call center usage.
Situated in a prime location along Route 128 and the I-93 intersection, Dragon Court stands among numerous corporate offices, regional offices, retail stores, hotels and restaurants. The facility is comfortably accessible via public transport and by car on Exit 37C directly off of route 93. 78 Dragon Court provides an immediate and convenient cost effective solution to any office requirement. For more information, contact Hunter Emerson at (617) 867-2300.
“Dragon Court is an excellent addition to our portfolio because of its positioning as a quality building at an affordable price point,” said Vincent O’Neill, President of VinCo Properties, Inc. “We are excited to have diversified our offering with the addition of 78 Dragon Court.”
“78 Dragon Court is appealing to firms looking to relocate from urban centers in favor of the convenience and reduced costs,” said Hunter Emerson, of CB Richards Ellis Whittier Partners. “Woburn has grown considerably as a center of commerce over the past years and will present tenants with exceptional networking and synergy opportunities.”
VinCo Properties Inc. is a Boston-based real estate development company that specializes in creating value through the repositioning of existing buildings and undeveloped land. Since 2001, VinCo Properties, Inc. has acquired over 1,500,000 square feet of developable office, industrial, retail and residential real estate. VinCo Properties, Inc. specializes in acquiring properties and adding value through quality construction, and land entitlement. For more information, please visit www.vincoproperties.com.
Provided by PRWEB.com
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