Description

JLL is pleased to present the opportunity to acquire 260 Arsenal Street (the “Property), a ±4.89-acre infill site improved with a 96,960 square foot flex/R&D building in the heart of Watertown’s Arsenal Corridor. With both tenants scheduled to vacate by December 2027, 260 Arsenal offers a rare opportunity to gain vacant control of a premier asset ripe for reposition/redevelopment within one of Greater Boston’s most sought after, institutionally controlled submarkets.

The Property offers multiple pathways to value: re-tenant the existing improvements and capture immediate cash flow; reposition the building to lab/R&D/advanced-manufacturing use on the strength of its 2,500-amp electrical service and 305-space parking field (3.15/1,000 SF); or pursue ground-up residential or commercial redevelopment. 260 Arsenal currently carries in-place income through December 2027, providing cash flow to offset carry costs during any planning and entitlement process. The Property represents a rare chance to acquire infill land with hard to-replicate infrastructure, interim income, and multiple paths to stabilization within an institutionally validated submarket experiencing accelerating demand and constrained supply.

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