Steve Murphy, executive managing director in the Boston officeof Insignia/ESG, represented Raytheon in the transaction, andprocured the buyer, Patriot Partners, a joint venture amongFramingham, MA-based Atlantic Management, Concord, MA-based MohawkPartners and New York City-based Peabody Global Real EstatePartners.

Murphy tells that it took about three to four monthsto identify the buyer, which in the current market is considered afairly quick turnaround. Murphy attributes the success of the dealto the fact that this 95-acre complex is a "high profile uniqueasset." He notes that there was a "wide level of interest" fromboth local and national buyers.

Joe Zink of Atlantic Management points out that the fact thatthe property is centrally located near Route 128 sparked a lot ofinterest. "We certainly feel this is a unique campus which will beattractive to future users on a long term basis," he says.

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