The deal includes a 9-acre parcel that is fully permitted for up to 120,000 sf. The sellers, a joint venture between National Development and Taurus Investment Group, developed the park.
Peter Joseph, a senior vice president at Trammell Crow Co.'s Boston office, tells GlobeSt.com that the deal is an example of institutional investors' interest in well-leased quality properties. Joseph brokered the deal.
Boston-based Fidelity Investments occupies the entire 26 Forest St. property, a 120,000-sf building, while 62 Forest St., an 85,000-sf asset, is leased by ATI Technologies Inc., an Ontario-based company and Stellent Inc., a Minnesota-based Internet firm. Joseph says that an additional 20,000 sf is still available.
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