245 & 265 Winter Street, Waltham
Cresset purchased 265 Winter Street in September 2005 contingent on the buyout of the tenant’s lease, which was attributed to the purchase, and leased 85% of the building before closing. 245 Winter Street was acquired in conjunction with a major institutional investor. The investor exercised its option to buyout Cresset’s ownership in both properties shortly after the initial acquisition at a significant gain.
Two 4 story buildings, each 90,000 sf
Approximately 525 car parking field
Location recognized as an “A” location in the suburban/Rte. 128 market
