"They are the purchasers," one industry source tells GlobeSt.com, echoing similar reports that the Boston-based firm has emerged victorious from a spirited bidding competition launched earlier this summer by the joint venture owners, DivcoWest Properties LLC and Yale Properties USA. Sources also claim DMP is using long-time funding source Prudential Real Estate Investors to finance the acquisition.

Presently, none of the parties involved appear willing to discuss the situation. A spokesman for DivcoWest declined comment, as did DMP CEO Jonathan Davis, while Yale Properties did not respond to a phone inquiry be press deadline. The park is being brokered by the Boston office of Eastdil Secured, but brokers there also did not return multiple phone calls. Nonetheless, sources insist the decision has been made, and claim the victorious team has begun its due diligence program with an eye toward closing by early autumn.

Not only is CrossPoint among the more imposing commercial properties in suburban Boston, the complex has been an oft-discussed development since being originally constructed in the 1970s as the home of erstwhile computer giant Wang Laboratories. As GlobeSt.com detailed earlier this summer when the development initially went up for sale, Wang's quick demise meant a difficult beginning to the 1990s for what was then known as the Wang Towers. By 1994, the hulking structures were nearly empty when the park was sold at auction for about 35 cents per sf. If the $180-million figure is accurate, that would equate to nearly $150 per sf.