BOSTON – Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, has been selected by Normandy Real Estate Partners as the exclusive leasing agent for Prospect Center, located at 400 Fifth Avenue, Waltham, MA.
Normandy Real Estate Partners recently purchased the office building, which features approximately 116,000 square feet of rentable space. Prospect Center offers one of the best locations in the Waltham area, just off exit 27A on Route 128 and also close to the Mass Turnpike, Route 20 and Route 93. The building has 90,000 square feet of available space for rent and can accommodate tenants with a variety of space requirements.
“We see Prospect Center as ideally suited to medium and large tenants that require growth flexibility,” said Michael Frisoli, partner, Richards Barry Joyce & Partners. “We are already seeing a high level of interest in the building, based on its location, amenities and the planned capital improvements.”
Seeking to further enhance Prospect Center, Normandy has hired Boston architectural firm Spagnolo Gisness & Associates. The firm will design and oversee extensive base building renovations, including a new lobby, base building system upgrades, exterior upgrades and a new entrance.
Prospect Center is situated adjacent to 250 acres of wooded conservation land with picnic areas and walking, jogging and cross-country skiing trails. Nearby amenities include a daycare facility, a health and fitness center, the Westin Hotel, shopping centers and many restaurants. Corporate neighbors include Thermo Electron, PAREXEL International Corporation, Symantec, Polaroid, Verizon, AstraZeneca, Raytheon, and Praecis Pharmaceuticals.
Marketing of the property will be directed by Michael Frisoli, Jon Varholak, Ron Friedman and Cal Hudak of Richards Barry Joyce & Partners.