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Property Description
As exclusive agent, JLL is pleased to present the opportunity to acquire 35 Medford Street (the “Property” or the “Asset”), a three-story R&D facility located in Somerville, Massachusetts. Totaling 58,156 square feet, the Asset is 100% leased to Formlabs, a cutting-edge 3D printing manufacturer. The tenant recently executed a 9-year extension and expansion, and will call 35 Medford their Headquarters through August 2029. Bolstered by $4.5 million in recent capital expenditures, the physical specifications of the property feature a modern tenant fit-out, combined with attractive window lines, high ceiling heights, and flexible floorplates.
Investment Highlights
- Secure Cash Flow with VC-Backed Tenant
- Unparalleled Access
- Enhanced Residual Environment
- Attractive Physical Specifications
- Proximity to Kendall Square
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