Lowell Peabody, senior vice president and Jim Bartholomew, an associate at NAI Hunneman Commercial, represented the property owner, BGI Holdings III, LLC and Nordic Properties. Spectro was represented by John Lashar of Richards, Barry Joyce & Partners.

"Solomon Pond Park, the only park on 495 next to a regional mall, always attracts strong tenants due to the level of amenities and superb highway access," says Peabody. The building is a single-story, 59,675-sf property that was constructed in 1987. Lease rates for this deal were not available, but the average asking rent for office space in the area is about $20 per sf.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.