American did not return phone calls to discuss the matter; in fact, company officials want to keep the $24-million deal so secret that they instructed Equity and the brokers, Trammell Crow, not to identify them as the buyer. Nonetheless, sources say ATC is the new owner, and has hired Nordblom Management Co. of Burlington to run the property at 690 Canton St.
Equity gained control of the building as part of its acquisition of Beacon Properties Corp. in December 1997. Beacon paid $11.4 million for Westwood Business Centre in 1994. Brokers on the sale were Trammell Crow principals Robert E. Griffin Jr., Marci B. Griffith and Edward C. Maher Jr.
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