"It was a combination of location, a price below replacement cost and the upward trend in that market for leasing," Chris Devaux, executive vice president of Parsons Commercial Group of Framingham, tells GlobeSt.com. He was the sole broker in the transaction. The firm grabbed a 6.56-acre property with a roster of tenants that include Concentra, Lockheed Martin and Navigant Consulting.
Devaux, whose firm is also handling the lease up of the building's remaining 33,000 sf, says improvements in the area's leasing market should put the property at full occupancy soon. He says there were several offers during the property's two months on the market.
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