Campus Repositioning Opportunity
Office
for Sale
| Catylist Listing ID: |
30862676 |
| Property Subtypes: |
Business Park, High-Tech, Office Building, Other
|
| Building Size (RSF): |
585,585 SF
|
| Gross Land Area: |
222 Acres
|
| Sale Price: |
See Agent |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Liberty Mutual Dover Campus |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| LEED Certified: |
Yes |
| Last Updated: |
4/3/2024 |
Overview / Comments
Cushman & Wakefield is pleased to present the opportunity to acquire 100 & 150 Liberty Way, a two building, 585,585 square foot office campus located on a sprawling 222+ acres in Dover, New Hampshire. The 222-acre parcel developed and owned by Liberty Mutual represents a prime location for repositioning. The site's Innovative Technology zoning and Residential-Commercial Mixed-Use Overlay allows for future development of additional buildings, giving it significant expansion and alternative use potential.
Both buildings have been impeccably maintained and feature full service cafeterias with indoor and outdoor seating, conference facilities, kitchenette/break rooms on each floor and stunning atrium lobbies with radiant heat.
150 Liberty Way was designed by Gorman Richardson Lewis Architects. Positioned to take advantage of Cocheco River views, the LEED Gold Certified building features a white roof, locally manufactured materials as well as interior day-lighting controls and "dark sky" compliant exterior lighting. The building's column-free interior spaces were designed with a raised floor access system, a full service cafeteria with seating for up to 430 and can accommodate a "town meeting" style gathering for up to 600.
The campus is located 0.5 miles from the Spaulding Turnpike (Route 16), and 1.5 miles from downtown Dover via Sixth Street. The City of Dover is a growing, pro-business community located on the Cocheco & Piscataqua Rivers. This location is also easily accessible from Boston's North Station via Amtrak Downeaster and from Boston's South Station via C&J Bus lines.
A confidentiality agreement must be signed prior to receiving the Offering Memorandum.
|
Current Tenants
| Tenant Business Name |
Lincoln Financial Group |
| Is Renting? |
Yes |
| Tenant Notes |
Lincoln Financial Group leases 85,263 SF at 100 Liberty Way. Current lease expires Q3 2027. |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Taxing Authority: |
City of Dover |
| Tax ID/APN: |
E0024-000000 |
| Zoning: |
INNOVATIVE TECHNOLOGY & RESIDENTIAL-COMMERCIAL MIXED-USE |
| Property Visibility: |
Excellent |
| Highway Access: |
100 & 150 Liberty way offers convenient highway access, 3 minutes from Exit 9 of Spaulding Turnpike and Routes 4 & 16. The Property is also located 5 minutes from the Amtrak Downeaster rail station, which makes five round-trips daily between Brunswick, Maine and Boston, serving a total of 12 communities in 3 states along a 143-mile corridor. Additionally, the property is less than 1 mile from C&J Bus station, which offers bus service to Boston's South Station, Logan Airport and New York City. This location allows the Property to attract
talent from three labor markets; New Hampshire, Massachusetts and Maine. |
| Site Description: |
100 & 150 Liberty Way are situated in a highly accessible park setting, providing access to an abundance of amenities on-site and in nearby Dover.
Liberty Mutual has institutionally maintained the buildings and the private 222+ acres. The Campus boasts an onsite cafeterias, abundant surface and structured parking, private entrance via Liberty way and LEED Certification.
|
| Area Description: |
Located less than three miles from Downtown Dover 100 & 150 Liberty way benefit from all the amenities which the city provides including cultural attractions, dining, lodging and entertainment. |
| Total Number of Buildings: |
2 |
| Year Built: |
2007 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Ratio: |
5.4 (per 1000 SF) |
| Parking Type: |
Structure, Surface |
| Parking Description: |
1,450 spaces at 100 Liberty and 1,701 spaces at 150 Liberty Way with significant expansion potential. 150 Liberty Way has a parking deck. |
| Total Parking Spaces: |
3,151 |
| Sprinklers: |
Wet, Other |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central, Radiant, Other |
| Internet Access: |
Cable, Fiber Optic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,731 |
29,099 |
63,783 |
| Median Age: |
36.34 |
36.46 |
36.78 |
| Households: |
1,469 |
12,108 |
25,309 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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