"It's a really fine piece of property," principal Rosalind Gorin tells GlobeSt.com after her company beat out several competitors for the stabilized asset. The seller was Digital Realty Trust, which had owned the six-story brick-and-glass building since buying it for $38.1 million in February 2004.

At $230 per sf, the sale price is a bit on the high side for the product type, but broker Gary Lemire of CB Richard Ellis says the combination of 100 Technology Center Dr.'s quality construction and location near the critical interchange of Interstate 93 and Route 24 puts the asset in a special class. "It is one of the top suburban office buildings available and is fully leased to a strong credit tenant," says the CBRE principal, referring to the Shaw Group. "We had a lot of interest."

Lemire orchestrated the sale on behalf of Digital Realty in partnership with fellow CBRE SVP William Moylan Jr. HN Gorin asset manager Kristian Gibson negotiated terms for the buyer. In business for nearly 100 years, HN Gorin had been harvesting many of its properties in recent months after a period of acquisitions to begin the decade. Gorin says the firm is regularly considering additional investments, but says the aggressive capital has made it difficult to stay in many competitions.

"We'll look at anything and everything, but if it doesn't tell us a story, we have a hard time [justifying] the prices," Gorin says. In the case of the six-story 100 Technology Center Dr., Gorin says the hefty cost to secure the deal seemed prudent. "We don't think we could build it for what we paid for it," she explains. Even with 100 Technology Center in tow, Gorin says the firm will continue to buy when possible, with a focus on the New England region.

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