Chris Devaux, vice president of Parsons Commercial Group, represented the Koffler Group and procured the buyer. The additional property has potential for possible future development. The building has 31,000 sf available which Parsons will market. Among the building's current tenants are Lifeline Systems, Tenet Healthcare/Metrowest Medical and American Income Life Insurance.
The overall availability rate for office space in Framingham is at about 15%, according to the most recent statistics from Trammell Crow Co. Lease rates for office space in the area average about $21 per sf.
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