The building was acquired by a private investment group known as Mar S. Maple RT, a local operation. The seller was represented by Scott Hughes, president of real estate services firm New Dover Associates of Framingham. The broker for Mar S. Maple RT was R.W. Holmes Realty EVP John Eysenbach, who is handling leasing duties on behalf of the new owners. Efforts to contact Eysenbach by press deadline were unsuccessful, while Hughes declined to discuss details of the sale, citing confidentiality agreements. Also unavailable were the parties involved in the transaction, making it unclear what the near-term plans are for the building, which dates to 1987.

According to one source, available space in the building is being marketed between $8.50 and $11 per sf, while the market average for flex/R&D space in the Interstate 495/Massachusetts Turnpike submarket is $11.60 per sf, according to Jones Lang LaSalle. The submarket of six million sf had a sluggish beginning to 2008, with JLL estimating positive net absorption of only 6,100 sf in the first quarter. The flex/R&D inventory of 40.5 million sf in all of suburban Boston as tracked by JLL had a robust start with 180,000 sf of positive net absorption for the quarter. That dropped the region's flex/R&D vacancy rate to 17.5%. I-495/Mass Pike is still at 19.3%, third highest among seven submarkets reviewed by JLL.

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