The Boston investment group paid Highwoods Properties $28million or $71.06 per sf for the asset. Highwoods will stay on asthe property's manager.

The buyer is looking for additional properties in the Triangle,Charlotte, and Greensboro, NC markets. Durham is 150 milesnortheast of Downtown Charlotte.

New Boston Fund's porfolio comprises 10 million sf in theMidwest and Northeast. Highwoods is selling some of its class Bflex product to concentrate on developing more profitable class Aoffice product.

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