HAVERHILL, MA-One of suburban Boston's more unique manufacturing buildings has a new owner, as Suffolk Advisors has acquired 20 Computer Dr., a 203,000-sf building designed for high-tech industrial operations. Lexington-based Suffolk paid $12.4 million for the asset, which is located on a 20.3-acre parcel just off Interstate 495. The seller was Rich's Enterprises LP.

"It's a showcase manufacturing facility," Klemmer Associates president Greg Klemmer tells GlobeSt.com. The broker represented the original developer as leasing agent for several years, and is now marketing the 120,000 sf of available space on behalf of Suffolk Advisors. Klemmer, who also negotiated the sale between Rich's and Suffolk, says he believes the buyer's experience in commercial real estate and superior physical elements of the property will attract tenants. According to Klemmer, 20 Computer Dr. "is quality space, and people love it when they see it."

Constructed in 1990 with the idea of accommodating modern industrial needs, 20 Computer Dr. has such attributes as heavy power, extra clean manufacturing space and ceilings that rise upwards of 33 feet. There are also more than three dozen loading docks, relays Klemmer, who brokered the sale along with colleague Ted Geary. A previous occupant spent extensively on tenant fit-out to meet several specialty needs, and Klemmer says that investment has enhanced the building's value and marketability to prospective tenants. "It's only a matter of time," he says in predicting the remaining space will be spoken for, product that is being marketed as sub dividable to 50,000 sf. The current tenant is Magellan Aerospace, a maker of precision parts for the aeronautics industry that occupies 81,000 sf.

Industrial is one of several property types that Suffolk Advisors has a background in, with the firm purchasing a 233,000-sf warehouse in Franklin from New Boston Fund in 2006, as well as a pair of Rockland industrial buildings for $8 million from Rockman RT a few months earlier. Since its founding in 2002, the private investment firm has acquired more than two million sf of space and presently has 1.5 million sf under management. Efforts to contact Suffolk's founder, Ivy Freedman, were unsuccessful by deadline.