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NPV/Direct Invest Picks Up Fourth Area Office

CHELMSFORD, MA-NPV/Direct Invest buys its fourth local property, taking a fully leased, 82,228-sf office and R&D building in Chelmsford's Altid Business Park.

By Beverly Ford | Updated on February 06, 2007

CHELMSFORD, MA-NPV/Direct Invest picked up its third asset in the last two months with the $12.4-million acquisition of a fully leased, 82,228-sf office and R&D building in Chelmsford’s Altid Business Park. The purchase of 2 Omni Way from Westborough-based Carruth Capital LLC follows the buyer’s $17.1-million acquisition of two high visibility, fully leased buildings at 4 and 6 Omni Way in December. NPV/Direct Invest also owns 5 Omni Way in the same business park.

The two-story building, which is fully leased to high-tech work force solutions provider Kronos Inc. under a long-term lease through June 2012, is NPV/Direct Invest’s fourth buy in the 30-plus building, 1.5-million-sf, master-planned business park in the last two years. All four buildings are located in the business park’s Omni sub-park.

Chris Griffin, with Cushman & Wakefield’s Capital Markets team, tells GlobeSt.com that competition was stiff for the Omni Way property.

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