Colliers International advises Everett Street Trust in 28 million Norwood building sale

Boston, MA, May 17, 2019 – Colliers International Boston recently announced that Vice Chair James Elcock advised Everett Street Trust in selling One Technology Way in Norwood for $28 million. The asset was the long-time Corporate Headquarters for Analog Devices, a multinational semiconductor company, which announced in 2018 its plan to relocate headquarter operations to a 40-acre campus it owns in Wilmington. The 130,000-square-foot building Analog Devices will vacate in Norwood is situated on a 24-acre corner site at a lighted intersection along Route 1 and University Avenue. The property was sold to Charles River Realty, who was represented by Boston Real Estate Advisors’ Craig Barker and Hunneman’s David Ross.

 

 

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
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Jen Weber

InkHouse for Colliers

Phone: 781.966.4130

Email: colliers@inkhouse.com