Overlook Center to Reflect Adobe’s Commitment to “Green” Building Practices
Press Release: WALTHAM, Mass.–(BUSINESS WIRE)–Adobe Systems Incorporated (Nasdaq:ADBE – News) today announced it has entered into a purchase and sale agreement with Normandy Real Estate Partners to acquire Overlook Center upon substantial completion at 21-61 Hickory Drive, Waltham, Massachusetts. According to the purchase agreement, Normandy will complete construction of an office building shell and core totaling approximately 108,500 square feet of space, a parking structure and site improvements. The transaction, valued at $44.7 million, is expected to close by May 2009, subject to the agreement’s closing conditions.