Brian Kelly, Daniel Doherty and Tom Maher announced this weekthat they are selling their former company, Atlantic RetailProperties, to two members of the Waltham-based firm's managementteam, James Alex and Bryan Anderson. Doherty says the new firm willconcentrate on building a portfolio of properties throughout theregion.

"The Eastern United States, and New England in particular, hasprovided Brian, Tom and myself with a number of exciting challengesand opportunities," says Doherty. "Our new company reflects ourcommitment to continuing in that tradition."

Founded in 1991, Atlantic Retail Properties is now the largestretail brokerage firm in New England, transacting more than 20million sf for retailers such as Home Depot, Target and Staples.The company's biggest deal came in 1995 when Atlantic acquired the1.2-million sf Wang Towers in Lowell for $535,000. Seen as a whiteelephant by many in the investment community, the three-buildingoffice complex was repositioned as a multi-tenanted facility andsold two years later for $108 million.