Debra Lee Stevens, CCIM, a principal at GVA Thompson Doyle Hennessey & Stevens represented AutoTrader.com in the transaction. The three building, one-million sf Brickstone Square complex is owned by Brickstone Properties, which represented itself in the lease deal.
The Andover market continues to suffer from the high-tech fallout. According to Trammel Crow Co.'s most recent statistics the city had a negative absorption of 973,296 sf last year. Its overall available space was at 35.4% this past January, up from 25.3% the year before. Lease rates were not available for this deal but the average asking rent for office space in Andover is $22.60 per sf.
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