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Boston Suburban Investment Sales Heat Up

The Brookwood Business Center traded for approximately $40 million, according to public records. Brookwood Financial acquired the former Billerica Business Center in 2010 for $15 million in foreclosure proceedings.

By John Jordan | Updated on October 26, 2017

The six-building, 448,707-square-foot of Brookwood Business Center was purchased by a joint venture partnership between Condyne Capital Partners and a fund managed by Westport Capital Partners LLC. The six-building, 448,707-square-foot of Brookwood Business Center was purchased by a joint venture partnership between Condyne Capital Partners and a fund managed by Westport Capital Partners LLC.

BOSTON—The Boston suburban commercial property sales market is heating up with three notable recent trades, each involving transactions totaling more than $40 million.

The deals involve office and industrial flex space in Westborough, the Tewksbury area and North Reading. The first recent trade is the Westborough Office Park, a more than 90% occupied 384,000-square-foot Class A office park in Westborough that was sold by Equus Capital Partners to Carruth Capital for $40.74 million.

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