(Read more on the industrial market.)

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PEABODY, MA-Barely a year after acquiring a 134,000-sfflex/industrial building in this North Shore community, aWinchester real estate investment firm has traded the asset for$12.9 million. The building at 13 Centennial Dr. is fully leased toADP Investor Communications Services Inc.

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"We saw the strength of the investment market and felt the timewas right to sell based on the high-quality tenant, theinstitutional quality of the asset and the term remaining on thelease," says Chub Whitten, a principal for RFP Juniper CentennialLLC, whose firm acquired the building vacant in June 2006 for $7.8million. That equates to $58 per sf, versus the $96 per sf paid bythe buyer, Columbia Massachusetts Centennial Industrial LLC.

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Broker Greg Klemmer negotiated the sale on behalf of RFPJuniper. "They did a great job repositioning the building," saysthe principal of Klemmer Associates, another Winchester-based firm.ADP signed on in October for a seven-year term.

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Given the stability of the building and a location just offRoute 128 in the master-planned Centennial Park, the propertyattracted substantial interest from buyers, according to Whitten."We were very pleased with the offers," he says, with several saidto be near the winning mark. According to Whitten, Columbia wasselected because they "showed the best opportunity to close in atimely fashion." The LLC buying the 13 Centennial Dr. lists LincolnAdvisory Group of Chicago as its address. Efforts to contactofficials for the real estate advisory firm were unsuccessful bypress deadline.

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Besides negotiating the sale of 13 Centennial Dr., Klemmer andcolleague Tim Brodigan also were listing agents when the ADP leasewas inked. Two other nearby buildings in Peabody's Centennial Parkhave changed hands this summer, as previously reported inGlobeSt.com on June 28th. Those buildings at 9 Centennial Dr. and10 Technology Dr. were acquired for a combined price of $12.1million by a Brookline investor.

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