The New York City-based company also has a medical officebuilding under agreement in Stamford, CT, and is exploring deals insouth Florida, says Alexakos, who is a co-founder of EverestPartners LLC. That firm has been active in New England for severalyears, having purchased dozens of local properties, including threein Downtown Boston.

Aegean Capital shares Everest's New York City headquarters andAlexakos is still involved in the company, but says he will soondepart and focus on Aegean Capital while Kambiz Shahbazi, the otherco-founder, continues Everest Partners. "We're basically going tosplit into two," he says. A handful of Everest's properties inGreater Boston will be put under Aegean's control, Alexakos alsoconfirmed, although he declined to identify the assets until thatprocess is finalized. The firm will open a management office inPeabody to service the local portfolio, he says.

In the meantime, Aegean is moving ahead to secure deals in thewhite-hot investment market up to $100 million. A property Alexakosacquired in Stamford in December, 470 West Ave., will be managed byAegean, as will 1290 Summer St., the 41,000-sf Stamford medicaloffice building that is under agreement and slated to close earlynext month.