"This sale underscores the validity of our company's focus on value-added development," says William Whelan, president of Whelan Assoc. in a statement. "Developing first class buildings in partnership with tenants creates value in these buildings and is a win-win situation for all parties involved. We are very encouraged by the level of activity we're seeing in response to our development model."
The building is fully-leased with seven tenants and was completed in 2007 as part of a three-building development on Route 138 at the Easton/Stoughton border. Two Washington Pl. is a 42,000-sf medical office building and will complete construction in October 2008. It is currently 65% preleased. The third building, Three Washington Pl. is 26,000-sf and currently preleasing. The deal at One Washington Pl. is brokered by Rick Barnes of Sea Watch Realty.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
