Cushman & Wakefield represents Normandy Real Estate Partners in the 280,892 s/f sale of an LEED
BOSTON, MA – Cushman & Wakefield announced the sale of TripAdvisor | Needham in Needham, Massachusetts to an entity controlled by U.S. Realty Advisors, LLC. The Cushman & Wakefield team, led by president Robert Griffin, vice chairman Edward Maher and executive director Matt Pullen, oversaw the transaction of the newly-constructed, six-story office building on behalf of Normandy Real Estate Partners.
As part of the transaction, managing director Jay Wagner and associate Timothy Hosmer placed the acquisition financing with a national life insurance company.
Comprising 280,892 s/f, TripAdvisor|Needham will serve as the new global headquarters for TripAdvisor, the world’s largest online travel company. The property, built to LEED Gold standards, will also feature a wealth of on-site amenities including a café, fitness center, outdoor amphitheater and generous structured parking.
“TripAdvisor | Needham boasts prime frontage on Interstate 95/Route 128 and serves as the centerpiece asset and inaugural office build-to-suit for Center 128,” said Pullen. “Center 128, which broke ground in 2012, is a highly-anticipated mixed-use development within suburban Boston’s thriving Route 128 West market, surrounded by an established community of corporate neighbors.”
Situated within New England Business Center, one of the country’s first master-planned corporate parks,
TripAdvisor|Needham will benefit from synergies with this new Center 128 development, which will ultimately encompass 740,000 s/f of prime office space, a 128-room Marriott Residence Inn and two structured garages.