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Commercial Real Estate Direct Staff Report Alexandria Real Estate Equities Inc. has paid $105 million for the 236,566-square-foot office building and development site at One Investors Way in Norwood, Mass., about 20 miles southwest of downtown Boston. The Pasadena, Calif., ...
91 percent occupied.
Universal Technical Institute will continue to occupy the property under a 15-year lease that can be renewed for up to another 20 years.
KBS will fund the acquisition with $19 million of financing from an undisclosed lender. Carries a fixed-rate of 5.6 percent and matures in Dec. 2013
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