(Read more on the industrial market.)

REVERE, MA-The pending sale of a Massachusetts business icon hasresulted in a series of real estate maneuvers at the company's820,000-sf headquarters and candy making factory here on AmericanLegion Highway. The New England Confectionery Co., better known asNecco, is being acquired by a Maryland company for an undisclosedprice.

While acknowledging that his company has agreed to buy Neccofrom parent company UIS Inc., American Capital Strategies VPJeffrey Anapolsky would not discuss the matter in detail withGlobeSt.com, or decipher the multiple real estate moves related tothe acquisition. In advance of the final agreement, Necco hastransferred the rights to 101 and 135 American Legion Hwy. totrusts established by ACS. The total price consideration was $15million, backed by a $35.5-million mortgage from another ACSaffiliate. In turn, Necco struck a lease with ACS that could extendits occupancy by 15 years via a series of one-year optionscommencing this month.

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