"This is a smart portfolio move," relays NBF senior acquisitionsanalyst Jay Hirsh, whose firm acquired 151 Campanelli Dr. on behalfof its Fund VII, a recently launched $350-million pool that ispursuing higher-yielding ventures across a wide berth of producttypes and US markets. NBF will also consider development deals,says Hirsh, explaining that a cash-flowing property such as 151Campanelli Dr. provides fiscal ballast to the riskier undertakings.That notion is shared by NBF VP Robert Kirschner, who predicts thenewest asset "will bring New Boston low risk and stable returns."The lease with Eastern runs through 2019.

Grubb & Ellis investment sales specialist Anthony Biettesays the solid underpinnings of 151 Campanelli Dr. that attractedsome 50 inquiries and a dozen final bids go beyond the extendedlease, which was originally struck with the Plymouth Institute forSavings prior to that group's absorption by Eastern. According toBiette, whose Investment Services Group guided the deal through adifficult sales climate, "the property is an excellent example ofCampanelli's tradition of building well-constructed buildings indesirable locations." First opened in 1989, 151 Campanelli Dr. hashad two expansions to grow from 25,000 to 58,000 sf, the first in1996 and the second in 2003.

Hirsh also praises the physical aspects of 151 Campanelli Dr.,describing it as "a prime, high-quality piece of real estate"sporting a flexible floor plan that has been well-maintained underCampanelli's stewardship. Part of the Campanelli Business Park inMiddleborough, 151 Campanelli Dr. sits on a seven-acre site justoff Route 28 and near Interstates 190 and 495.