The principal brokers in the transaction were Peter Joseph, Jim McCaffrey and Chris Phaneuf of Trammel Crow Co. with assistance from Scott Jamieson of Spaulding & Slye Colliers and Anthony Biette of Meredith & Grew. The financing was placed by Mike Marcone of Sentivany & Marcone with PNC Bank, NA of Kansas City.

Steve McDonnell, regional manager of Everest Partners tells, tells GlobeSt.com that the portfolio is approximately 87% leased. Among the tenants in the nine buildings are EMC, Federal Express, Titan Systems Corp. and Charles River Laboratories. "All of these buildings are well tenanted with immediate access to principle traffic arteries along route I93, route 3 and I 495. It is a well-timed acquisition balancing the Everest Partners, LLC portfolio both in product type and geographical reach," says McDonnell.

McDonnell notes that about 60% of the total space in the buildings is office space and he points out that the deal typifies the kinds of properties Everest in interested in investing in. "We are targeting office/flex buildings that also have some retail space," he says. "There seems to be more opportunities [in these types of properties] where we can go in and add value to these properties."