128 CRE presents a unique investment opportunity in Dedham, Massachusetts – two fully leased buildings anchored by the Commonwealth of Massachusetts. Totaling 23,337 SF, these buildings offer long-term leases, ensuring a stable and core investment for interested investors.
55 & 59 Allied Drive were built in 1977 and converted to their current use in 1998, with various renovations completed between 2013 and 2022. 55 Allied Drive, occupied by the Norfolk County Trial Court in year 3 of a 10-year lease, encompasses 16,438 USF (18,386 RSF). This two-story building features various offices, a courtroom, and holding cells. 59 Allied Drive is a single-story flex building spanning 4,951 SF currently fully leased to Life Support Systems in year 3 of a 10-year lease, serving as an office and light assembly facility.
Both 55 & 59 Allied Drive buildings enjoy ample parking, exceeding the market standard, and situated on a combined 2.72 acres of prime Research and Development Office (“RDO”) zoned land. This zoning offers long-term potential for redevelopment into various medical and R&D uses.
Allied Drive is easily reachable off Interstate 95 Exit 14 and ensures excellent connectivity to the surrounding area and convenient access to nearby amenities. Only a short walk to Legacy Place, a regional shopping destination offering a vibrant mix of retail stores, restaurants, and entertainment venues. In addition to being conveniently located near the MBTA Dedham Corporate Center Station, offering easy access to downtown Boston via the Franklin Line.
For more information or to set up a tour, please contact a 128 CRE team member.