"This sale underscores the validity of our company's focus onvalue-added development," says William Whelan, president of WhelanAssoc. in a statement. "Developing first class buildings inpartnership with tenants creates value in these buildings and is awin-win situation for all parties involved. We are very encouragedby the level of activity we're seeing in response to ourdevelopment model."

The building is fully-leased with seven tenants and wascompleted in 2007 as part of a three-building development on Route138 at the Easton/Stoughton border. Two Washington Pl. is a42,000-sf medical office building and will complete construction inOctober 2008. It is currently 65% preleased. The third building,Three Washington Pl. is 26,000-sf and currently preleasing. Thedeal at One Washington Pl. is brokered by Rick Barnes of Sea WatchRealty.