Southboro Executive Place
Southborough, MA

On December 21, 2005, Meritage acquired Southboro Executive Place, a 70,762 SF office building located on Route 9 in Southborough, Massachusetts. The building, which affords tenants an outstanding 5:1,000 parking ratio, was originally constructed in 1987 for Ford Motor Company, and Ford remains a tenant of approximately two-thirds of the building through 2010. Since our purchase, we have completed several renovations, including full common area upgrades and replacement of the HVAC system. Southboro Executive Place’s eight-tenant roster includes two Ford divisions, a national engineering firm, and a state-of-the-art, custom-outfitted Ford training annex on the ground floor. As a result of a renewal and expansion with an existing tenant coupled with a new lease signed in early 2007. The building is 100% leased through January 2009.

Southboro Executive Place’s proximity to Route 9 and the building’s ability to accommodate tenants of various sizes makes it a unique asset in Boston’s 495 West submarket. The building is less than half a mile to I-495 and the Mass Pike, while also proximate to an expansive road network including Route 128, Route 2, I-84 and I-395. The building is several miles down the road from the popular Framingham submarket and provides a high quality, lower cost alternative to the more expensive Framingham-Natick area.

For Further Information Contact:

Meritage Properties
(Owner) (914) 723-3533

Paradigm Properties
Alyson Weis
(Manager) (617) 933-8236

Spaulding & Slye Colliers
Philip DeSimone
(Leasing Agent) (617) 531-4141
Philip_DeSimone@spauldslye.com