700 Technology Park, Billerica

First page 1 Next page Last page

Animated publication

b i l l e r i c a , M A

I NV E S TME N T O P P OR T UN I T Y I N T H E H E A R T O F T H E ROU T E 3 COR R I DOR

INVESTMENT HIGHLIGHTS

6 9 16 24

EXECUTIVE SUMMARY

MARKET OVERVIEW

PROPERTY OVERVIEW

FINANCIAL ANALYSIS

700 Technology Park Drive | billerica, ma

F i r s t- c l as s o f f i c e bu i l d i ng Sur round e d by a we a lt h o f ame n i t i e s

INVESTMENT HIGHLIGHTS

STRONG CORPORATE NEIGHBORS Situated within the campus style setting of Billerica’s Technology Park, a 70-acre master planned office park that has 975,000 developed square feet, the property has access to an on-site fitness center, bike/walking trails, full-service cafeterias, food trucks, day care facilities and a hotel, all located within the park. In addition, 700 Technology Park Drive benefits from synergies derived by its strong corporate neighbors including Insulet Corporation, Raytheon Company, General Electric, and Luminus Devices, Inc.

Stable incomeand Staggered Lease Roll-over 100% leased to a diverse roster of tenants, providing strong cash flow with potential upside. Strategic Location

700 Technology Park Drive is strategically located off Route 3; offering unparalleled access to Route 128/I-495. The property provides unmatched north-south and east-west highway accessibility to a deep labor pool throughout Greater Boston and Southern New Hampshire. Meticulouslymaintained &managed Significant upgrades have been completed to the lobby, common areas, bathrooms, and tenant spaces; catering to the demands of tenants in the market. Flexible Floor Plansand Layouts Functional, efficient floor plans provide the flexibility to attract various types and sizes of tenants in the market while also being able to retain, expand, or relocate existing tenants. LeasingMomentum Several new leases have been signed at 700 Technology Park Drive illustrating unprecedented demand for tenants priced out of neighboring communities.

700 Technology Park Drive | billerica, ma

As exclusive agent, Hunneman is pleasedto present

the opportunitytoacquire 700TechnologyPark Drive, A CLASS B office building totaling ±44,204 square feet located in Billerica, Massachusetts.

The property is conveniently located at Exit 27, off Route 3, between Route128/I-95 and I-495. Its proximity to two major highways, enable tenants to draw employees from both Southern New Hampshire and the surrounding communities of Greater Boston. In addition to the property's strategic location, the property features an updated modern lobby, HVAC efficiency improvements, common area renovations, upgrades to the fitness center, as well as improvements to the parking lots and landscaping. Meticulously maintained, 700 Technology Park Drive is 100% occupied by eight quality tenants, including Teledyne Dalsa, IPT Associates, and Thales USA. The building offers durable cash flow with credit tenancy as well as upside potential through lease roll-over. 700 Technology Park Drive provides an ideal opportunity for investors to acquire a stabilized first-class office building, with strong in-place income and significant upside. The asset is being offered for sale with an asking price of $4.2 Million, and is “free and clear” of existing debt, allowing investors to take advantage of today’s capital markets environment.

700 Technology Park Drive | billerica, ma

BOSTON MARKET OVERVIEW

With the ninth-largest GDP in the country, and fifteenth-largest in the world, Metro Boston is an economic powerhouse and one of the nation’s centers for education, finance, tourism, healthcare, life sciences, and technology. The region is home to Twelve Fortune 500 Companies; and some of it's largest employers include Brigham and Women’s Hospital, Massachusetts General Hospital, John Hancock, Boston University, and Liberty Mutual. Greater Boston boasts a population of 4.7 million – ranking it one of the largest metropolitan areas in the United States. A vibrant history, numerous cultural attractions, five professional sports teams, and some of the best shopping in the world keep more than 15 million tourists coming to the metro area annually.

The 80+ colleges and universities in the region are anchored by world-class institutions such as Harvard and MIT, and provide a large pool of talented young workers who remain attracted to the area’s burgeoning innovation economy, solid employment prospects, above-average wages, and amenities. As a worldwide leader in science and tech-based industries, the metro area continues to benefit from healthcare and biotech research and development. Armed with a strong entrepreneurial spirit and highly educated workforce, prospects for growth in Greater Boston continue to rank the city as one of the top employment centers in the nation.

4.7 MILLION POPULATION

MEDICAL 30+ HOSPITALS INCLUDING MASS GENERAL, RANKED #1 HOSPITAL IN THE U.S.

TOURISM 15 MILLION VISITORS ANNUALLY

EDUCATION 94.5 COLLEGE STUDENTS PER 1,000 RESIDENTS

TRANSPORTATION 5 MILLION RESIDENTS & 175 TOWNS SERVICED BY THE MBTA LOGAN AIRPORT MAINTAINS 50 NON-STOP INTERNATIONAL FLIGHTS DAILY

VENTURE CAPITAL FUNDING $4.3 BILLION (2018)

700 Technology Park Drive | billerica, ma

10 MINUTES

BURLINGTON MALL 10 MINUTES

10 MINUTES

700 Technology Park Drive | billerica, ma

20.3% 19.5% 19.4% 22.3% 24.8% 24.1% 24.7% 24.7% 25.1%

ROUTE 495 NORTH OFFICE MARKET Rents across the Route 495 North submarket increased by 13% from the end of 2014 to the end of 2018. The average asking rate ended the year at $19.41 per square foot. Class A rates climbed more steeply, reaching $21.80 per square foot in the fourth quarter of 2018. Market fundamentals have been improving steadily over the last year. In fact, office vacancies have declined by more than 300 basis points over the last 12 months. These improvements are being driven by tenants shifting away from the Route 128 submarket, where few large blocks of space exist and rents command a 27% premium over the Route 495 markets. 17.22 $ 3476937 646333 2757792 148830 13545025 20.36018 17.20 $ 3576484 657859 2789647 148830 13545025 20.59536 17.42 $ 3863935 646008 2709546 136979 13545025 20.00399 17.67 $ 3999536 360271 2749567 117341 13573035 20.25757 17.64 $ 3884789 297065 2652449 117341 13573035 19.54205 17.75 $ 4275010 261697 2627045 154075 13573035 19.35488 18.50 $ 3793472 281691 3027720 191505 13573035 22.30688 18.78 $ 4128394 225181 3358961 153640 13546035 24.79664 18.54 $ 4089323 212607 3259708 146946 13546035 24.06393 18.56 $ 4038828 233398 3345797 170552 13546035 24.69946 18.74 $ 3973703 205392 3299583 140929 13378235 24.66381 18.84 $ 3976642 145415 3359515 111451 13378235 25.1118 19.43 $ 4087577 217437 3564210 118498 13378235 26.64186 19.65 $ 4159879 203146 3467151 104207 13378235 25.91636 Class A Class B 26.6% 5,151,241 8,028,167 25.9% 17.80% 27.10% 24.9% $21.80 $18.38 23.8% 39% 61% 23.2%

10/1/14 2014

1/1/15 4/1/15 7/1/15 1/1/16 4/1/16 7/1/16 1/1/17 4/1/17 7/1/17 1/1/18 4/1/18 7/1/18

10/1/15 2015

10/1/16 2016

10/1/17 2017

20.05 $ 3399798 208655 3282215 109716 13192908 24.87863 19.51 $ 3348835 218655 3142902 119716 13192908 23.82266 19.41 $ 3385323 163214 3057296 36258 13179408 23.19752 12.7% Inventory by Class

10/1/18 2018

Total Vacancy TOTAL VACANCY

NOTABLEMARKET ACTIVITY L3 Communications signed a lease for 140,000 square feet at 1 Radcliff Road in Tewksbury. The Company expanded and relocated from 79,000 square feet at 10 Commerce Way in Woburn.

Inventory by Class

$21

30%

25%

$20

$19

20%

$18

15%

10%

$17

$16

INVENTORY

$15

2014

2015

2016

2017

2018

AskingRent (PSF)

TotalVacancy

ClassA ClassB

ClearMotion signed a major expansion in Billerica in 2018; leasing 122,342 square feet at 805 Middlesex Turnpike. The company previously occupied 28,473 square feet at 400 Research Drive in Wilmington.

The Department of Children and Families executed a lease for 36,704 square feet at 2 Omni Way in Chelmsford.

Flight Light Biosciences also leased 24,080 square feet at 2 Omni Way; more than doubling their previous space in Bedford.

BOSTON 30 MINUTES

Corvia Medical renewed and expanded its lease, now totaling 21,457 square feet, at 1 Highwood Drive in Tewksbury.

BOSTON

AMENITIES WITHINMINUTES

THIRD AVE : 4 MIN

BURLINGTON

BURLINGTON MALL: 10 MIN

BEDFORD

WAYSIDE COMMONS : 12 MIN

MIDDLESEX COMMONS : 13 MIN

CONCORD ROAD

700 Technology Park Drive | billerica, ma

SURROUNDED BY STRONG CORPORATE NEIGHBORS

700 Technology Park Drive | billerica, ma

MIDDLESEX TURNPIKE

TECHNOLOGYPARK DRIVE

700 Technology Park Drive | billerica, ma

TOTAL BUILDING SIZE: NUMBER OF FLOORS: YEAR BUILT / RENOVATED: BUILDING OWNER / MANAGER:

44,204 square feet

Two

1986 / 2011

Grander Capital / Hunneman

CONSTRUCTION:

Steel frame with architectural precast concrete and ribbon windows

FINISHED CEILING HEIGHT: CLEAR HEIGHT FLOOR TO DECK:

8’6” on average 1st floor - 14’3” 2nd floor - 13’1”

PARKING RATIO: ELEVATOR SPECS:

3.56/1,000 SF

One (1) 3,500 lbs Otis Hydraulic Elevator

SECURITY:

Card key access

ELECTRIC SYSTEMDESCRIPTION / PROVIDER:

1,200 Amp, 277 / 480 v. Power supplied by National Grid

HVAC SYSTEMDESCRIPTION:

Provided by two 60 ton Carrier packaged roof top units VAV boxes include electric reheat and serve individual zones

LOADING DOCKS:

Shared loading with one trailer height dock door Fiber connection through Verizon and Comcast

BUILDING TELECOMMUNICATIONS SYSTEM:

WATERAND SEWER:

Town of Billerica

ROOF:

New membrane roof in 2010

AMENITIES:

Showers in building, shared fitness room on the first floor, monument signage and park-like setting with outdoor seating

700 Technology Park Drive | billerica, ma

Teledyne Dalsa 15,208 SF 9/30/2022

FIRST FLOOR

2020

2021

Thales 6,450 SF 12/31/2022

2022

2023

IPTAssociates 5,505 SF 6/30/2020

KCPadvisory 2,531 SF 7/31/2024

MRCC 3,800 SF 9/30/2022

2024

SAIC 4,238 SF 12/31/2021

SECOND FLOOR

Allied barton 2,339 SF 6/30/2023

GSR Global 1,710 SF 10/31/2022

Thales 2,445 SF 12/31/2022

700 Technology Park Drive | billerica, ma

Allied Barton

Suite 200-7 2,339 SF 6/30/2023

GSR Global Suite 250-7 1,710 SF 10/31/2023 Thales USA Suite 100-7 6,450 SF 12/31/2022

Thales USA Suite 240-7 2,445 SF 12/31/2022

SAIC Suite 220-7 4,238 SF 12/31/2021

MRCC Suite 210-7 3,800 SF 9/30/2022

KCPAdvisory Suite 212-7 2,531 SF 7/31/2024

Teledyne Dalsa

IPTAssociates

Suite 110-7 15,208 SF 9/30/2022

Suite 230-7 5,505 SF 6/30/2020

T e nan t A b s t r ac t s

website

www.aus.com

www.mrccsolutions.com

2,339

3,800

LED

6/30/2023

9/30/2022

Overview

Founded in 1957, Allied Universal is a facility services company based in the United States. It also offers security systems solutions, janitorial services and staffing. It is a combination of earlier companies - Barton Protective Services, Spectaguard, Initial and Allied Security.

Since 1996, MRCC Solutions has provided learning solutions, technology solutions and technology staffing focused on working with a broad range of clients to deliver innovative, cost-effective solutions. From creating technology solutions that address the custom needs of business to developing and delivering learning solutions that improve knowledge and business to providing the on demand technical talent that drives corporate technology, MRCC Solutions provides large firm expertise and capability with small firm client service and dedication.

CompanyType

Private

2017 Sales

N/A

CompanyType

Private

2017 Sales

N/A

website

www.leidos.com

kcpadvisory.com

www.gsrusa.net

4,238

2,531

1,710

LED

12/31/2021

7/31/2024

10/31/23

Overview

Leidos, formerly known as Science Applications International Corporation (SAIC), is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services.

KCP Advisory Group is headquartered outside of Boston, Massachusetts and maintains a significant presence in the New England, New York, and Chicago business communities where its offices operate. KCP is considered a leading business advisory firm built on the success of its professionals who specialize in providing creative solutions and aiding clients in rehabilitating their businesses.

GSR Global is a leading manufacturer and supplier of standard and custom fiber optic/copper components and modules. Headquartered in Billerica, Massachusetts, GSR can manufacture many kinds of products ranging from components and modules to sub systems. GSR is proficient in designing new product lines and innovative solutions to industry- wide problems and is committed to producing the finest fiber optic and copper products.

CompanyType

Public; NYSE: LDOS (Leidos)

CompanyType

Private

2017 Sales

$364M

2017 Sales

CompanyType

N/A

Private

2017 Sales

N/A

700 Technology Park Drive | billerica, ma

R E n t Ro l l

Lease Start Lease End Rent Period

Rental Rate/SF

Monthly rent

Annual Rent

Property Share

BaseYr OpEx

BaseYr RE Tax

Tenant Suite Lease RSF

Electric

Options/Comm.

Thales USA

100-7 6,450 4/1/12 12/31/22

10/1/18 10/1/19 10/1/20 10/1/21 10/1/22 10/1/20 10/1/21 10/1/22 10/1/18 10/1/19 10/1/20 10/1/21

$17.50 $18.00 $18.50 $19.00 $19.50 $18.50 $19.00 $19.50 $16.75 $17.00 $17.25 $17.50 $18.00 $18.50 $19.00 $19.50 $20.00 $17.37 $17.68 $18.00 $18.32 $0.00 $16.75 $17.25 $17.75 $18.25 $18.75 $19.25

$9,406.25 $112,875.00 14.40% 2018

2018 Sub-meter Option to Extend: 2 additional periods at 3 yrs with no FY

$9,675.00 $116,100.00 $9,943.75 $119,325.00 $10,212.50 $122,550.00 $10,481.25 $125,775.00 $9,943.75 $119,325.00 $10,212.50 $122,550.00 $10,481.25 $125,775.00 $21,544.67 $258,536.00 $21,861.50 $262,338.00 $22,178.33 $266,140.00 $3,508.50 $42,102.00 $3,605.96 $43,271.50 $3,703.42 $44,441.00 $3,800.88 $45,610.50 $3,898.33 $46,780.00 $5,500.00 $66,000.00 $5,598.67 $67,184.00 $5,700.00 $68,400.00 $5,801.33 $69,616.00

more than 12 and no less than 9 months notice.

Teledyne Dalsa

110-7 15,208 10/1/11

9/30/22

$21,227.83 $254,734.00 36.87% 2018

2018

$2.05 psf Sec. 6 of 1st Amd

Extension Option: 1 period of 5 yrs. TI of $5psf for paint and carpet.

Allied Barton/ Universal

200-7 2,339 4/1/12 6/30/23

7/1/18 7/1/19 7/1/20 7/1/21 7/1/22 1/1/18 1/1/19 1/1/20 1/1/21

5.22%

2017

2018

$1.50 psf Sec. 7.5

Option to Extend: 1 additional period at 5 yrs with no more than 12 and no less than 9 months notice. Option to Extend: 1 additional period at 5 yrs with no more than 12 and no less than 9 months notice.

MRCC

210-7 3,800 7/1/11

9/30/22

8.48%

N/A

KCP Advisory 212-7 2,531

1/1/19

7/31/24

01/01/19 08/01/19 03/01/20 03/01/21 03/01/22 03/01/23 03/01/24

5.72%

$3,532.85 $42,394.25

$3,638.31

$43,659.75

$3,743.77 $44,925.25 $3,849.23 $46,190.75 $3,954.69 $47,456.25 $4,060.15 $48,721.75

700 Technology Park Drive | billerica, ma

Lease Start Lease End Rent Period

Rental Rate/SF

Monthly rent

Annual Rent

Property Share

BaseYr OpEx

BaseYr RE Tax

Tenant Suite Lease RSF

Electric

Options/Comm.

SAIC - Leidos 220-7 4,238 12/1/12 12/31/21

1/1/19 1/1/20 1/1/21

$17.00 $17.50 $18.00

$6,003.83 $72,046.00 $6,180.42 $74,165.00 $6,357.00 $76,284.00

9.58%

2019

IPT Associates

230-7 5,505 5/1/13 6/30/20

5/1/18

$18.25

$8,372.19 $100,466.25

12.29% 2013

2014 Sub-meter Option to Extend for 1 additional period of 5 to 7 yrs. FY

5/1/19

$18.75

$8,601.56 $103,218.75

Right of First Offer on contiguous 2nd floor suites including across the hall and the right is subordinate to M&R and Allied Barton rights.

GSR Global 250-7 1,710 8/1/18 10/31/23

11/1/18 6/1/19 6/1/20 6/1/21 6/1/22

$11.29 $11.63 $11.97 $12.32 $12.66

$1,608.75 $19,305.00 $1,657.50 $19,890.00 $1,706.25 $20,475.00 $1,755.00 $21,060.00 $1,803.75 $21,645.00

3.87%

6/1/23

$13.00

$1,852.50 $22,230.00

Thales USA 240-7 2,445 10/1/17 12/31/22

10/1/18 10/1/19 10/1/20 10/1/21 10/1/22

$17.50 $18.00 $18.50 $19.00 $19.50

$3,565.63 $42,787.50 $3,667.50 $44,010.00 $3,769.38 $45,232.50 $3,871.25 $46,455.00 $3,973.13 $47,677.50

5.46%

2017

Total Square Feet

44,226

Total Leased Square Feet

44,226

TotalVacant Square Feet

%Occupied

100%

%Vacant

700 Technology Park Drive | billerica, ma

As sump t i ons

GENERALASSUMPTIONS

MARKET LEASINGASSUMPTIONS

MARKET RENT ($/SF/YR)

ANALYSIS PERIOD

$16.75

The Analysis Start Date is 7/1/2019. A ten (10) year holding period is assumed.

INFLATION RATE

The global inflation rate is assumed to be 3%. The rate is applied to Market Leasing Assumptions and Operating Expenses.

RENT INCREASES (ANNUAL)

$0.50

REIMBURSEMENTS

Base Year Stop

OPERATING EXPENSES

Operating Expenses are based on 2019 projected expenses.

EXPENSES REIMBURSEMENTS

Reimbursements are assumed to be Base Year Stop for Office.

ABATEMENT (MONTHS)

5 Months

GENERAL VACANCY

A General Vacancy of 5.0% is applied to potential gross revenue.

TERM LENGTHS (YEARS)

5 Years / 5 Months

DOWNTIME BETWEEN LEASES (MONTHS TO ABSORB)

9 Months

CAPITAL RESERVE

A Capital Reserve of $0.15/SF is applied.

TENANT IMPROVEMENTS - $/SF (NEW / RENEWAL)

$20 / $10

BUILDING INFORMATION

BUILDING AREA (SF)

44,226 SF

LEASING COMMISSIONS - $/SF/YR (NEW / RENEWAL)

$1.00 / $1.00

BUILDING TYPE

Office

OCCUPIED AREA (SF)

44,226 SF

PROBABILITY OF RENEWAL

75%

OCCUPANCY %

100.0%

700 Technology Park Drive | billerica, ma

1 0 -y e a r un l e v e r e d cash f low

General Vacancy

5.0%

Year 1

Year 2

Year 3

Start:

Jul-2019 Jun-2020

Jul-2020 Jun-2021

Jul-2021 Jun-2022

Cash Flow Line Item

End:

100.0% $17.26

97.9% $17.60

98.4% $17.96 4,238 9.6% 22.0%

Average Physical Occupancy

Scheduled Base Rental Income ($/SF) Lease Expiration (Initial Term Only) Lease Expiration (% of Total SF) Cumulative Lease Expiration (% of Total SF)

5,505 12.4% 12.4%

0.0%

12.4%

Year 1 PSF

Gross Potential Rent

$17.26

$763,296

$778,340 ($15,829) ($10,537) $129,356 $881,330 ($41,386) $839,944 $66,385 $35,641 $26,354 $32,136 $29,355 $67,140 $104,975 $14,299 $145,397 $521,682 $318,262 $68,813 $27,525 $6,631 $102,969 $215,293

$794,369 ($12,552) ($7,921) $138,349 $912,245 ($36,877) $875,368 $68,377 $36,710 $27,144 $33,100 $30,236 $69,491 $108,125 $14,728 $149,759 $537,670 $337,698 $52,975 $21,190 $6,631 $80,796 $256,902

Scheduled Base Rental Revenue Absorption & Turnover Vacancy

$0.00 $0.00 $2.76

$0 $0

Less: Free Rent

$121,924 $885,220 ($32,009) $853,211 $64,451 $34,603 $25,586 $31,200 $28,500 $66,560 $101,918 $13,883 $141,162 $507,863 $345,348

Expense Reimbursement Revenue Total Potential Gross Revenue

$20.02

($0.72) $19.29

General Vacancy

Effective Gross Revenue

Operating Expenses: Repairs & Maintenance Cleaning & Janitorial

$1.46 $0.78 $0.58 $0.71 $0.64 $1.50 $2.30 $0.31 $3.19 $7.81 $0.00 $0.00 $0.15 $0.15 $7.66 $11.48

Management Fees

Maintenance Salaries

Snow Removal

Tenant Electricity

Utilities

Insurance

Real Estate Taxes

Total Operating Expenses

NetOperating Income

$0 $0

Tenant Improvements Leasing Commissions Replacement Reserves

$6,631 $6,631

Total Leasing & Capital Costs Cash Flow Before Debt Service

$338,717

700 Technology Park Drive | billerica, ma

5.0%

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10 Jul-2028 Jun-2029

Jul-2022 Jun-2023

Jul-2023 Jun-2024

Jul-2024 Jun-2025

Jul-2025 Jun-2026

Jul-2026 Jun-2027

Jul-2027 Jun-2028

87.3% $18.26 30,242 68.4% 90.4%

99.1% $18.54 1,710 3.9% 94.3%

99.0% $19.03

97.9% $19.49

100.0% $19.96

92.7% $20.52

93.7% $21.03

2,531 5.7%

0.0%

100.0%

$807,361 ($102,507) ($60,328) $92,733 $737,259 ($8,481) $728,778 $70,428 $37,811 $27,959 $34,093 $31,143 $63,532 $111,368 $15,170 $154,252 $545,756 $183,022 $358,288 $139,515

$819,929 ($7,349) ($4,803) $75,796 $883,573 ($27,693) $855,880 $72,541 $38,946 $28,798 $35,116 $32,077 $74,259 $114,709 $15,625 $158,879 $570,950 $284,930 $46,338 $20,245 $6,631 $73,214 $211,716

$841,521 ($8,191) ($5,086) $85,756 $914,000 ($44,155) $869,845 $74,717 $40,114 $29,661 $36,169 $33,039 $76,431 $118,151 $16,094 $163,645 $588,021 $281,824 $31,638 $12,655 $6,631 $50,924 $230,900

$862,169 ($18,350) ($11,845) $95,679 $927,653 ($33,586) $894,067 $76,958 $41,317 $30,551 $37,254 $34,030 $77,833 $121,695 $16,577 $168,555 $604,770 $289,297 $68,813 $27,525 $6,631 $102,969 $186,328

$882,576

$907,727 ($68,769) ($9,110) $106,750 $936,598 ($8,714) $927,884 $81,645 $43,834 $32,412 $39,523 $36,103 $78,148 $129,106 $17,587 $178,820 $637,178 $290,706 $52,975 $21,190 $6,631 $80,796 $209,910

$929,861 ($60,990) ($68,966) $73,496 $873,401 ($25,430) $847,971 $84,094 $45,149 $33,384 $40,709 $37,186 $81,385 $132,980 $18,114 $184,184 $657,185 $190,786 $399,400 $159,760

$0 $0

$106,285 $988,861 ($33,458) $955,403 $79,267 $42,557 $31,468 $38,372 $35,051 $81,860 $125,346 $17,074 $173,611 $624,606 $330,797

$0 $0

$6,631

$6,631 $6,631

$6,631

$504,434 ($321,412)

$565,791 ($375,005)

$324,166

700 Technology Park Drive | billerica, ma

EXCLUSIVELY OFFERED BY: DAVID N. ROSS Executive Vice President 617.457.3392 dross@hunnemanre.com

HENRY LIEBER Assistant Vice President 617.457.3383 hlieber@hunnemanre.com

BILL RAND Associate 617.457.3336 brand@hunnemanre.com

IAN MCKINLEY Senior Associate 617.457.3404 imckinley@hunnemanre.com FINANCING ANDREW KAEYER Executive Vice President 617.457.3207 akaeyer@hunnemanre.com

GINA BARROSO Assistant Vice President 617.457.3261 gbarroso@hunnemanre.com

MARKET EXPERTS CHRIS CURLEY Executive Vice President 617.457.3211 ccurley@hunnemanre.com

MICHAEL ALLEN Assistant Vice President 617.457.3276 mallen@hunnemanre.com

HARRISON ZUCCO Financial Analyst 617.457.3208 hzucco@hunnemanre.com

303 Congress Street | Boston, MA 02210 | 617.457.3400 | www.hunnemanre.com

Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28

Made with FlippingBook - professional solution for displaying marketing and sales documents online