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Pleasure Island Reborn as Office Campus | Real Estate News
Description
A former amusement park in Wakefield, Massachusetts, has been transformed into a massive office campus—now sold for $61 million—and is poised for even bigger changes. Lincoln Property, alongside investors, sees huge potential in this 1 million-square-foot site just 12 miles north of Boston, planning upgrades and mixed-use redevelopment. Previous owner Hobbs Brook had been renovating key areas like the cafe and gym since 2001, with tenants like Arbella Insurance and Eastern Bank already signed up. Meanwhile, Lincoln Property is also building a major research campus in Houston with Rice University as a key tenant, showcasing their strategy to adapt to evolving market demands.
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