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Atlantic Tambone Nabs 144,000-SF Office/R&D

BOXBOROUGH, MA-Winstanley Enterprises is selling the 100% leased property for just under $15 million, according to industry sources.

By Ryan Clark | Updated on September 25, 2008

BOXBOROUGH, MA-Concord, MA-based Winstanley Enterprises LLC is divesting itself of 60 & 70 Codman Hill Rd. to Atlantic Tambone Real Estate Developers. According to sources unassociated with the deal, the property is changing hands for just under $15 million.

“The buyer was looking for a long-term stabilized asset, the seller had that,” David Pergola, senior director at Cushman & Wakefield, tells GlobeSt.com. “The transaction experience of both of the parties was critical to getting it done.” Pergola cites the economic atmosphere as an obstacle, which necessitated that the buyer and seller not be novices.

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