Divested by a local partnership, 100 Hancock St. traded for just over $17 million. CBRE | Melody managing director Frank Petz arranged a $27.5-million package from Capmark Finance Inc. to fuel the purchase plus a renovation and marketing program. The sale was orchestrated by CBRE/New England's Boston investment team, led by principal Gary Lemire and colleagues Chris Angelone, Andrew Majewski and Phil Giunta. CBRE/New England has been retained as leasing agent, with Majewski at the helm, Griffith also says.

Massachusetts has only recently pulled out of a multi-year economic funk, but the veteran developer is among a growing stripe anticipating a sustained recovery, and says he was "excited" at snagging 100 Hancock St. after a previous bid came up short. "It feels good," Griffith says of cementing the purchase, opining that, "vacancy is not a bad word in a rising market," and praising the prize, which is in the heart of Quincy Center.

"It is a terrific location," Griffith says in listing top attributes. Situated close to the Red Line subway into Boston, there is enough room for a new garage to address what Griffith says was an unfulfilled need. The public transit and increased parking should enhance 100 Hancock St.'s draw, says Griffith, who cites "fabulous views of the Boston skyline and Boston Harbor" as another bonus.