(Read more on the industrial market.)

TEWKSBURY, MA-A 125,000-sf flex/office building just acquired as part of a 31-asset, seven-state portfolio buy has secured a tenant for most of the space. Merrill Communications is leasing 90,000 sf at the Riverview Commerce Center, opting to relocate 15 miles north from the operation's previous facility at 15 Presidential Way in Woburn.

The landlord is National Industrial Portfolio Buyer LLC, a venture of three entities, including Calare Properties of Hudson along with KBS REIT and Hackman Capital Partners, two firms from southern California. The group paid $516 million in August for the portfolio, which encompasses 11.4 million sf of flex, industrial and office product, including several assets in Massachusetts. The sale by Equity Industrial Partners of Needham was initially reported by GlobeSt.com prior to the closing of the portfolio, a transaction outlined on Aug. 16 edition.