"That market is on fire up there," says Marci B. Griffith ofTrammell Crow, which brokered the sale on behalf of the ArchonGroup. After struggling in the early 1990s, Chelmsford hasrebounded on the strength of the high-tech industry, with a rangeof fiber-optic networking, Internet and software firms all chasinga dwindling supply of available space.

According to Griffith, a principal with Trammell Crow'sInvestment Services Group, rents in the market are in the $20 persf range on a triple-net basis. The buildings at Two, Four, Fiveand Six Omni Way are each occupied by a single tenant, includingsuch firms as Kronos and Sun Microsystems. Although there is somepotential upside in a staggered lease roll, Griffith says thecomplex was generally seen as a core asset, one that attracted asolid response from investors.

Trammell Crow brokered both sides of the Omni Way sale, withprincipals Robert E. Griffin Jr. and Edward C. Maher Jr. joiningGriffith in the deal. The complex is currently 100% occupied.