A 70%-leased property commanding lease rates ranging from the low-to-mid-$20s per square foot, 300 Crown Colony is a solid pick-up in the current market. Campanelli partner Dan Demarco indicates its amenities, a Boston Marriott Quincy, restaurants and daycare facilities, among others, as key to this property's consistent value. "I consider [Crown Colony] to be one of the five best master-planned office parks around Boston." With new ramps opened up straight from the highway, as well, the park makes for easier commuting. "With vacancy high and rents are down, long turn it's a great opportunity in the market."

Holliday Fenoglio Fowler L.P. helped provide the financing for the class A property, which was used for acquisition financing and to provide capital for improvements and leasing costs. "Given the acquisition nature of the deal, certainty of execution within a tight time frame around the holiday season was critical," says HFF director Gregory Labine, in a statement. "Boston Private Bank worked with HFF and the borrower to dual track the commitment and loan documentation process such that the legal process was done shortly after the receipt of the loan commitment, with no changes to the deal from the original terms discussed."

Located on six-acres within Crown Colony, 300 Crown is five stories with floor plates of 25,000 square feet, holding the likes of Murphy, Hesse, Toomey & Lehane, LLP; LarsonAllen LLP; and Massachusetts Eye & Ear. Stephen Murphy, partner at Campanelli, led the acquisition. Chusman & Wakefield's capital markets team of Robert Griffin, Edward Maher and Marci Griffith Loeber repped the seller Invesco Real Estate.