"The market gets better every day," says Meredith & Grew SVP Matt Daniels. "We're obviously in a recovery."

Sources could not say exactly how much Divco is paying to secure the four-story, 285,000-sf office building, but insist the asset is under agreement and is expected to close within the next few weeks. Based in San Francisco, Divco is a private real estate investment firm specializing in technology-focused markets such as Austin, TX, San Francisco and Silicon Valley. Built in 1982, 100 Crosby Dr. was anchored by Computervision Corp. through the 1990s, but is now a multi-tenanted property leased to such firms as By Appointment Only, InteQ and MRO Software. Eastdil Secured's Boston office is reportedly handling the sale for the ownership, United Trust Fund of Miami, but calls to the brokers were not returned by press deadline.

Meanwhile, Daniels tells GlobeSt.com that Cresset Development Group LLC will overhaul a vacant structure at 201 Burlington Rd. after purchasing the two-building office park in January for $7.3 million. The 50,000 sf should be well received by tenants, says Daniels, but not in its current condition. "The space is tired," he says, and suitors often cannot see a property's potential prior to a makeover, so Cresset has decided to move forward. "We assessed the marketplace and determined that it could support [the project], and want to be ready to meet the demand," says Daniels, a SVP at M&G.