Business
Cross Ocean Partners and Lincoln Property Company Acquire 409,000-SF Office Campus in Needham, Massachusetts
NEEDHAM, Mass., December 17, 2025--Cross Ocean Partners ("Cross Ocean"), a global asset management platform focused on special situations, credit and hard asset investments, and Lincoln Property Company ("Lincoln"), a global, full-service real estate firm, today announced the acquisition of a trophy office campus in Needham, Massachusetts for $132 million.
About this update from Bxp, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":251,"url":"https://media.zenfs.com/en/business-wire.com/8f317526546239dd72f0d632c75853ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/y52c.M9GwTTXd2aOEoHo.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUwMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8f317526546239dd72f0d632c75853ea","width":480,"height":251}},"lazy":false},{"type":"text","content":"140 Kendrick Street is a premier suburban office campus in one of Greater Boston’s most sought-after locations","length":110,"tagName":"p"},{"type":"text","content":"NEEDHAM, Mass., December 17, 2025--(BUSINESS WIRE)--Cross Ocean Partners ("Cross Ocean"), a global asset management platform focused on special situations, credit and hard asset investments, and Lincoln Property Company ("Lincoln"), a global, full-service real estate firm, today announced the acquisition of a trophy office campus in Needham, Massachusetts for $132 million.","length":395,"tagName":"p"},{"type":"text","content":"Located at 140 Kendrick Street, just 15 miles southwest of Downtown Boston, the 409,197-square-foot property is home to notable tenants including Wellington Management, Clarks, and Walker & Dunlop.","length":201,"tagName":"p"},{"type":"text","content":"Originally developed by BXP in 2000 and recently transformed through a $27.8 million capital improvement program, 140 Kendrick Street represents one of Greater Boston's premier office destinations.","length":201,"tagName":"p"},{"type":"text","content":""140 Kendrick Street exemplifies the perfect blend of quality, prime location, and long-term stability," said Scott Faber, Senior Vice President of Investments at Lincoln Property Company’s Boston office. "This premier campus stands out as a top-tier property, attracting high-caliber companies seeking exceptional office space in a competitive market."","length":373,"tagName":"p"},{"type":"text","content":"The campus leased up entirely in the post-COVID environment and now maintains a 96.4% occupancy rate. Building A, fully occupied by Wellington Management, represents the first net-zero, carbon-neutral office repositioning of its scale in Massachusetts and has achieved LEED v4 Gold certification.","lengt...