Behringer Harvard REIT I Inc. announced it paid an undisclosed price for 5 & 15 Wayside, two interconnected four- and five-story office buildings in Burlington, Mass.
Constructed in 1999 and 2001 respectively, 5 & 15 Wayside were built-to-suit for the original and current single tenant, Nokia. Serving as Nokia’s Northeast regional headquarters, the buildings provide approximately 270,000 square feet of fully leased space.
Five & 15 Wayside is situated alongside Route 128/I-95 approximately 12 miles northwest of Boston.
Behringer Harvard REIT I Inc. also owns assets in Chicago, Atlanta, Houston, Denver, Philadelphia, Washington, D.C., Baltimore, Minneapolis and Los Angeles, among other cities.
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