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140,000-SF Building Leased Up and Sold

BILLERICA, MA-New Boston Fund acquires 1000-1200 Technology Park Dr., a 139,180-sf office and showroom building, for $10.5 million. The two-story facility was just fully leased to the Gift & Decorative Accessories Center Association Inc.

By Naomi Grossman | Updated on April 14, 2004

BILLERICA, MA-New Boston Fund has acquired 1000-1200 Technology Park Dr., a 139,180-sf office and showroom building. The two-story facility was just fully leased to the Gift & Decorative Accessories Center Association, Inc. an organization of manufacturers sales agencies. The building is located directly off Route 3 in Concord Road Technology Park.

The Center Association will use the property as its new permanent headquarters. Spaulding & Slye Colliers principal Tamie R.Thompson and senior vice president Curtis P. Oberg negotiated the lease on behalf of the building’s former owner, Archon Atlantic. Spaulding & Slye Colliers senior vice presidents Philip DeSimone and Daniel Cordeau represented the Gift Center.

Immediately after the lease deal, the property was sold by Archon Atlantic to New Boston Fund for $10.5 million. Principal Michael G. Smith of Spaulding & Slye Colliers represented the seller and introduced the buyer in the transaction.

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