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horenstein Investment Advisers, a leading owner and operator of high-quality properties across the US, has partnered with Tritower Financial Group to acquire The XChange, a 480,000-square-foot research and development office park in Bedford, Massachusetts. Located on Route 3 near the Route 128 interchange, this eight-building innovation campus is at the heart of the submarket's innovation and advanced manufacturing communities.

    The property offers a unique combination of amenities and features that attract modern innovation talent, including power, clear height, and loading docks, as well as a modern café, fitness center, yoga studio, CrossFit gym, and ample parking. With 99% occupancy, The XChange is home to a diverse mix of tenants in robotics, battery development, diagnostic instruments, and advanced materials technology.

    "We're excited to invest in The XChange alongside Tritower," said Sean Fay, Vice President at Shorenstein. "This opportunity allows us to enhance an exceptional, fully leased R&D campus in a market with strong tenant demand." Tod Brainard, Chief Investment Officer at Tritower, added, "We believe in the greater Boston innovation economy and its long-term success. This investment underscores our confidence in the region's sustained growth and potential for future development."

    The XChange has additional development capacity and square footage availability, including 70,000 square feet of potential expansion space. With this acquisition, Shorenstein and Tritower are well-positioned to serve a growing base of R&D talent and tenants with best-in-class research and development space.