The deal is "one of the biggest so far this year," Edward C. Maher, Jr., a member of the financial services group at Cushman & Wakefield, tells GlobeSt.com. Maher adds that the deal is a "good sign" for the local market.
The 220,750-sf property--which is actually comprised of seven interconnected buildings--was originally constructed as the Davenport Furniture Factory in 1860 and was fully renovated in 1987. It is located near Route 28 and is fully leased. Among its tenants are Art Technology Group and Sapient Corporation.
Along with Maher, Robert E. Griffin, Jr. and Marci B. Griffith, both with the financial services group at Cushman & Wakefield, represented Paradigm Properties and Westbrook Partners and procured the purchaser in the transaction.
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