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Bulfinch Eyes Waltham Asset for Redevelopment

WALTHAM, MA-Bulfinch acquires its second Waltham property this year with the purchase of a 40,625-sf office building at 60 First Ave.

By Beverly Ford | Updated on November 27, 2006

WALTHAM, MA-Bulfinch Cos. Inc. has added a fully leased 40,625-sf office building to its local holdings. Company executives say the purchase of 60 First Ave. will allow the new owner to redevelop the single-story property for biotech, retail or office use.

Eric D. Schlager, Bulfinch’s chief executive officer, tells GlobeSt.com that 60 First Ave., the firm’s second Waltham acquisition this year, was acquired from locally based McMillan Real Estate LP. Schlager, citing confidentiality, declined to disclose the price paid for the property but said Bulfinch plans to redevelop the building “in the near future.”

“We think there are several potential uses for the site ranging from biotech to retail or office uses,” Schlager says. He declined to discuss further details of the redevelopment plans.

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