Multiple rounds of bidding yielded the sale, in which theHartford-based Cornerstone Real Estate Advisors moved the propertyon behalf of an unnamed client. The deal was brokered by Cushman& Wakefield's Metropolitan Area Capital Markets Group's AndrewMerin, Jose Cruz, David Bernhaut and Gary Gabriel.

The acquisition offers up a value-add for the new owner. Whileseven tenants are still in the building, 36% of its space, or about50,000 sf, is currently vacant. That vacancy is the result of thegradual pull-out of a major tenant, shipping giant Maersk.

"This property presents a compelling opportunity to add value byretenanting the space with small to mid-size firms looking for aninstitutional-quality work environment," says Cruz. "The buildingis attractive in this underserved class A tenant sector, whichremains consistently active in the local submarket."