Property details: In 2007, Saracen Properties LLC formed a joint venture with Trammell Crow Company Acquisition II LP to purchase and redevelop a former Raytheon headquarters site at 41 Seyon Street and 43 Foundry Avenue in Waltham, MA. Saracen has acted as development and construction manager, overseeing the $30,000,000 repositioning of this 23 acre site. The total projected development exceeded $70,000,000 for this first class office and laboratory facility. Currently the project is 40% leased.