BURLINGTON ROAD

CROSBY DRIVE

62

95 128

3 MINUTES TO 95/128

MIDDLESEX TURNPIKE

NEW ENGLAND EXECUTIVE PARK

MID

DLESEX TURNPIKE

BURLINGTON MALL

3RD AVE:

NEW ENGLAND EXECUTIVE PARK

BURLINGTON MALL:

HOTEL LAND SITE – CROSBY CORPORATE CENTER BURLINGTON/BEDFORD, MASSACHUSETTS

INVESTMENT OPPORTUNITY

FOR SALE: A HOTEL DEVELOPMENT SITE LOCATED IN A 52-ACRE CLASS A, MASTER-PLANNED, NINE-BUILDING OFFICE PARK ALONG A MAJOR COMMERCIAL CORRIDOR (ONE EXIT FROM THE I-95/ ROUTE 128 INTERCHANGE)

DAVE McELROYSenior Vice President +1 617 912 7030dave.mcelroy@cbre-ne.com

SCOTT HUTCHINSONVice President +1 617 912 7089scott.hutchinson@cbre-ne.com

CBRE|Hotels has been retained as the exclusive advisor regarding a ±130-room as-of-right

hotel development site. The hotel development parcel is within Crosby Corporate Center, a

master-planned, nine-building Class A office park along a major commercial corridor in the

dynamic Boston submarket of Burlington/Bedford, Massachusetts. Totaling 586,682 square feet

of Class A office space, the 52-acre Park is 98% leased to a diverse roster of software, information

technology, and biotechnology companies. Crosby Corporate Center abuts the Route 3/Route

62 interchange and is three miles north of I-95/Route 128 at Exit 26 of Route 3.

Radius from Crosby Corporate Center

Total Office SF (Class A/B)

1 Mile 4,092,201

3 Miles 12,957,662

5 Miles 17,281,823

7 Miles 26,462,911

LAND SITE AT CROSBY CORPORATE CENTER

CARLOS FEBRES-MAZZEISenior Vice President +1 617 912 7083carlos.febres@cbre-ne.com

KYLE JUSZCZYSZYNSenior Vice President, Partner +1 617 912 6862kyle@cbre-ne.com

MICHAEL PRAKKENSenior Director/Manager +1 617 488 7217michael.prakken@cbre.com

FINANCING

WAYSIDE COMMONS

SEASONS 52CAPITAL GRILL

INVESTMENT HIGHLIGHTS

• Offered as either a fee-simple transaction, or as a structured ground lease; the ±130-room hotel development site is located within an upscale 52-acre pristine office campus setting on the Burlington town line, in the Boston suburb of Bedford, Massachusetts. The town of Bedford is located 18 miles northwest of Boston and has convenient highway access to I-95 and Rt. 3.

• Crosby Corporate Center location is within three miles of 13 million square feet of some of the most productive corporate demand generators in Greater Boston. Blue chip tenants such as Oracle, Siemens, SAP, Raytheon, BAE Systems, and iRobot have made the Burlington trading area one of the most desirable lodging submarkets in Greater Boston.

• The Park’s first class tenants, and its immediate and local neighbors such as MIT Research (MITRE), Oracle, iRobot, Joule, Coviden, Hologic, and Millipore, among many others in Bedford and Burlington, make the site’s location one of the most ideal lodging demand pools in Greater Boston.

• The hotel development pad will be delivered to a buyer with full site plan approval (special permit will be obtained by the seller) so that all zoning approvals will be in place, leaving the buyer with the need to only obtain a building permit for an as-of-right use. This process is expected to take less than six weeks, enabling a hotel developer to start construction as early as 2Q 2015.

• Amenity-rich location – Work/Play/Stay corridor of Route 128, with numerous high-end restaurants, office, retail and hospitality options. The Park is minutes from the 600,000 square foot mixed-use development project at 3rd Avenue/Northwest Park (Wegman’s; Tony C’s, King’s, The Bancroft, and Boston Interiors) the redevelopment of New England Executive Park (with Tuscan Kitchen, Tavern in the Square), and the 1.2 million square foot, high-end Burlington Mall (anchor tenants include Nordstrom, Lord & Taylor and Macy’s).

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Charlestown

Brighton

Roslindale

Jamaica Plain

Roxbury

Dorchester

E. Boston

Mattapan

Hyde Park

West Roxbury

Allston

SalisburyAmesbury

W. Newbury

Newburyport

Newbury

Rowley

Ipswich

EssexHamilton

Manchester

Wenham

Danvers

PeabodyLynnfield

Wakefield

Saugus

Ston

eham

Melrose

MaldenRevere

Boston

Worcester

Manchester

Concord

Nashua

Providence

ChelseaEverett

Winthrop

Reading

N. Reading

Wilmington

Concord

Sudbury

Framingham

Natick

Ashland

Holliston

Sherborn

Medway

Franklin

Wrentham

Plainville

N. Attleboro

Attleboro

Mansfield

EastonW. Bridgewater

E. Bridgewater

Bridgewater

Raynham

Taunton

Berkeley Lakeville

FreetownRochester

Marion

Wareham

Bourne Sandwich

Mashpee

Falmouth

Barstable

Middleborough

DightonRehoboth

Swansea

Fall River

Westport Dartmouth

New Bedford

Acushnet

Fairhaven

Seekonk

Brockton

Norton

Foxborough

Sharon

Stoughton AvonNorfolk

Walpole

Millis

Wellesley

Needham

Westwood

Norwood

Dedham Quincy

Randolph

Holbrook

Abington

Whitman

Hanson

Halifax

Plympton

Kingston

PlymouthCarver

Rockland Hanover

Pembroke

Duxbury

Marshfield

BraintreeWeymouth

Hingham

Norwell

Hull

Cohasset

Scituate

Milton

Canton

Dover

Medfield

Wayland Weston

Lincoln

Acton

MaynardStow

Hudson

Marlborough

Southborough

Westborough

Grafton

Northbridge

UxbridgeDouglas

Sutton

Millbury

Auburn

Oxford

WebsterDudleySouthbridge

Charlton

Sturbridge

HollandWales

Monson

Brimfield

BrookfieldWarrenPalmer

Ware

Hardwick

New Braintree

Oakham

Rutland

Barre

PetershamNew Salem

Philipston

Athol

Orange

WarwickRoyalston

Winchendon

Templeton

Gardner

Spencer

N. BrookfieldW. Brookfield

Leicester

Holden

Sterling

Princeton

Leominster

Fitchburg

Ashby

Ashburnham

Westminster

Hubbardston

W. Boylston

Paxton

Millv

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Blackstone

Cumberland

Lincoln

Central Falls

PawtucketN. Providence

E. Providence

BarringtonWarren

Bristol

Portsmouth

Tiverton

Little Compton

N. Kingston

E. GreenwichW. Greenwich

Exeter

Richmond

Voluntown

SterlingPlainfieldCanterbury

Putnam

Thompson

Pomfret

BrooklynHamptonChaplin

ScotlandWindham

Lebanon

FranklinSprague

Griswold

Preston

NorwichBozrah

Colchester

Salem

Columbia

CoventryMansfield

AshfordWillingtonTolland

Stafford

Eastford

Woodstock

Union

Middletown

Jam

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Cranston

Woonsocket

N. Smithfield

Smithfield

Burrillville

Gloucester

FosterScituate

CoventryW. Warwick

Warwick

Upton

Milford

Hopedale

Mendon

Bellin

gham

Hopkinton

Bolton

Boylston

Shrewsbury

Northborough

Berlin

Carlisle

Billerica

Lexington

Waltham

Woburn

Winchester

SomervilleCambridge

Arlington

Belmont

Watertown

Newton

Broo

kline

Medford

Salem

Swampscott

Nahant

Lynn

Marblehead

Beverly

Rockport

Gloucester

Merrimac

Haverhill

Groveland

N. Andover

Tewksbury

Lawrence

Methuen

Dracut

Lowell

Chelmsford

Tyngsborough

HudsonHollisBrookline

RindgeNew Iswich Mason

WiltonTempleSharon

Greenville

Hancock

Greenville

Francestown

Barrington

Antrim

Nelson

Stoddard

Sullivan

Gilsurn

Surrey

Alstead

AeworthLempster

GoshenUnity

Newport

Newbury

Bradford

Sutton

Warner

Webster

ChichesterEpsom

Pittsfield

Barnstead

Strafford

Farmington

Deerfield

Northwood

Allenstown

Barrington

RochesterBerwick

Wells

Kennebunk

York

Newington

S. Berwick

N. Berwick

Pembroke

Boscawen

Canterbury

Loudon

Marlow

Washington

Windsor

Hillsboro

Henniker

Deering

Peterborough

Jaffrey

FitzwilliamRichmond

Swanzey

Troy

Marlborough

Keene RoxburyHarrisville

Dublin Lyndeborough

New Boston

WeareDunbarton

Bow

Goffstown

Hooksett

Mount Vernon

Milford

Amherst

Bedford

Pelham

WindhamSalem

Atkinson

Exeter

Epping

Fremont Brentwood

Raymond

Candia

NottinghamLee Durham

Stratham

Greenland

Newmarket

Newfields

Madbury

Dover

Elliot

Kittery

Portsmouth

Rye

N. Hampton

HamptonHampton Falls

SeabrookHampstead

Derry

Auburn

Chester

Sandown DanvilleKingston Kensington

E. Kingston

Plaistow

Londonderry

LitchfieldMerrimack

Westford

Littleton

Boxborough

Harvard

Lancaster

DunstablePepperell

LunenburgShirley

Groton

Ayer

Townsend

Andover

Boxford

Topsfield

Middleton

Georgetown

Bedford Burlington

HOTEL LAND SITE – CROSBY CORPORATE CENTER BURLINGTON/BEDFORD, MASSACHUSETTS

INVESTMENT OPPORTUNITY

MARKET

Period Occupancy%

Change ADR%

Change RevPAR%

Change

TTM 1-2015 78.2% 3.7% $143.45 8.4% $112.17 12.4%

TTM 1-2014 75.4% --- $132.35 --- $99.83 ---

2014 78.6% 4.5% $142.82 8.0% $112.26 12.9%

2013 75.2% 4.2% $132.21 3.1% $99.41 7.4%

2012 72.2% 2.0% $128.29 4.5% $92.57 6.5%

2011 70.8% 7.1% $122.76 5.3% $86.91 12.7%

2010 66.1% --- $116.59 --- $77.11 ---

20%

40%

60%

80%

100%

$30 $50 $70 $90

$110 $130 $150

2010 2011

20122013

2014TTM 1-2014

TTM 1-2015

Source: Smith Travel Research

ADR RevPAR Occupancy

Hotels within the competitive set have shown strong RevPAR growth with an impressive growth rate of 14% between 2013 and 2014 (TTM ending 1/15). The competitive set achieved occupancy of 78.2% at an ADR of $143.45 for the TTM ending January 2015.