FAIRLANE PROPERTIES PURCHASES 80 WILSON WAY
FOR $12.335 MILLION

New England Real Estate Journal
7/16/10 

BOSTON, MA — Fairlane Properties, Inc. recently announced the purchase of 80 Wilson Way, Westwood, MA, a 117,000 square foot building leased on a long-term basis to KLA-Tencor. Michael Grill, President of Fairlane Properties, Inc. will lead the newly-formed Fairlane Westwood, LLC. 

80 Wilson Way, a one-story renovated office/flex building, is located just off Route 1 approximately one mile from Route 128/Interstate 95. KLA-Tencorp, a $5 billion NASDAQ California-based semiconductor equipment maker, leases the entire property.    

Michael Grill stated: “With our investors seeking properties with strong cash flow in this volatile time, 80 Wilson Way provides us with a great asset in the strong Route 1/Route 128 South submarket with years of cash flow from one of the world’s largest semiconductor equipment makers. 80 Wilson Way is located at a terrific intersection in the midst of a cluster of semiconductor, instrumentation and biotech companies, including Analog Devices, Instron, LTX, Advanced Instruments and Immunogen.”

Brookline Bank provided financing of $7.6 million for the purchase. Fairlane Properties, Inc. raised $5.0 million in a private equity placement with several local investors. Peter Joseph and Sarah Lagosh of Eastdil Secured represented the seller, a New Boston Fund nominee trust, in the transaction.

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