WESTBOROUGH, MA-Three well-located office buildings here at the junction of Interstate 495 and the Massachusetts Turnpike are among seven commercial properties that KS Partners is putting on the market with a reported value in the $65-million range. Totaling nearly 500,000 sf, the package also features I-495 flex and office product in Andover, Billerica and Chelmsford.

“It’s a good sweet spot for a lot of investors,” Richards Barry Joyce & Partners investment sales specialist Richard Herlihy tells GlobeSt.com in acknowledging his firm has been retained to peddle the assets. The offering represents a good portion of the five million sf that KS Partners founder Kambiz Shahbazi has acquired in southern New Hampshire and Massachusetts during the past decade. The Westborough holdings being harvested include 2200 West Park Dr., a four-story, 75,000-sf first class property that opened in 1999 and 115-117 Flanders Rd, a 21-year-old complex totaling 160,000 sf. KS is also selling 3 Riverside Dr. in Andover, 165 Lexington Rd. in Billerica and 19 and 21 Alpha Rd. in Chelmsford.

RBJ was initially hired last year to analyze the KS portfolio, and Herlihy explains there were congruities that led to the seven buildings being assembled for a joint sale, including having the same debt source. “That was a key consideration,” Herlihy says of what he terms “favorable balanced sheet debt” that should comfort buyers given the recent upheaval in the lending arena. It is also a reason why the buildings will not be sold individually. Also, the properties are at key junctures along I-495, notes Herlihy, something RBJ anticipates will attract investors seeking a critical mass on the improving I-495 belt. The Andover building is near the I-93 interchange, while the Billerica and Chelmsford flex properties are near the booming Route 3 corridor.

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