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Dedham Executive Center Trades for $21M

DEDHAM, MA-Everest Partners takes the keys to the Dedham Executive Center in a $20.5-million deal that gives the New York buyer its 64th property in New England.

By Beverly Ford | Updated on February 14, 2007

DEDHAM, MA-New York-based Everest Partners has added another property to its New England portfolio with the $20.5-million acquisition of the Dedham Executive Center from the Archon Group of New York. The 178,292-sf office property near the Route 128 and Route 1 junction is the firm’s fifth buy in the Boston market in the last eight months.

The acquisition of the 78% leased office building at 980 and 990 Washington St. in Dedham brings Everest’s New England portfolio of office, retail, industrial and flex space to 64 buildings totaling 4.84 million sf.

Steve McDonnell, regional manager for Everest in Boston, tells GlobeSt.com that the offering brought out a number of bidders but it was the buyer’s reputation as a deal closer that helped Everest acquire the property.

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