The 17,000-sf building was sold by Rauseo & Co. to Matthew Piccione, reports broker Stephen Nohrden of Burgess Properties in Malden. Piccione is a Winchester-based developer and investor and also owner of the Kendall Relocating Co. Nohrden could not say whether the fully leased property will be repositioned going forward. Efforts to contact Piccione by press deadline were unsuccessful.

The single-story 2 Electronics Ave. is located in an area dominated by other uses, including hotel, office and retail space, but industrial supply in the North submarket as tracked by Jones Lang LaSalle does have nearly 11 million sf, second most of seven submarkets in the review of 61.2 million sf in suburban Boston. Save for the smallest submarket, the 1.2-million-sf Route 128/Massachusetts Turnpike belt, the North has the tightest vacancy rate at 7.4%. Route 128/Mass Pike has a 3.1% vacancy, while the remainder are all in double digits with the overall rate at 16.7%. The North also has the second highest asking rent at an average of $7.36 per sf, JLL reports. The North had a solid Q4 with 110,000 sf of positive net absorption.

Founded by Michael Rauseo, locally based Rauseo & Co. still owns several other assets in the area, including its headquarters at 151 Andover St. and another Danvers building at 235 Newbury St. Burgess Properties is also active in the markets north of Boston. The full-service commercial real estate company provides both leasing and investment sales expertise.