The structure "will provide our investors with a solid returnfrom day one," NBF chief investment officer Jim Kelleher says. Thesale-leaseback "is a perfect fit" for NBF's diversified strategy inthat it offers near-term stability, Kelleher says.
Abt Associates CFO David Loeser also praises the arrangement."This transaction was favorable for us from a financial point ofview and allows us to focus our resources on growing our corebusiness of research, consulting and technical assistance," hesays. Abt has been at the property since 1965 after founder ClarkAbt designed the complex in what is now known as the Alewifedistrict.
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