Skip Ribbon Commands
Skip to main content

News release

Boston, MA

JLL completes sale of 10 Cabot Road in Medford

BOSTON, March 12, 2018 – JLL's Capital Markets experts recently announced the sale of 10 Cabot Road in Medford, MA, on behalf of Greater Boston-based Morris & Morse Company, Inc. KS Partners purchased the 107,026-square-foot office building for $25 million. Managing Director Frank Petz, Senior Vice President Matthew Sherry, and Associate Scott Carpenter led the JLL team on the sale.

Petz commented, "The sale of 10 Cabot Road attracted a wide variety of investors who grasped the continued growth of Cambridge and Somerville along the Orange Line, and valued the repositioning of the asset by the ownership team at Morris & Morse."

Morris & Morse partner, Jody Morse, added, "We were very pleased with the interest level the offering received and the efficient process managed by JLL. KS Partners was a very professional and experienced buyer."

At the time of sale, 10 Cabot Road was 79% leased to nine tenants, anchored by Bond Brothers, Inc. The building is located just 4 miles north of Downtown Boston with immediate access to the MBTA Orange Line and Route I-93, giving tenants direct access in and out of the city. Boston's overall Inner North office market has become incredibly tight and competitive, as evidenced by its sub 7.0% vacancy rate and asking rent growth above of 10.0% year-over-year. Commercial development in the Medford area – inclusive of office, residential, and retail projects – has spurred the influx of tenant demand. Morris & Morse had acquired the property in 2007 on behalf of its client, Quincy Mutual Insurance. 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor [link embedded] an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page:


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit