"This sale is the highest one in the 495 corridor," TimLescalleet, principal at The Codman Company, TCN, tellsGlobeSt.com. The Codman Company brokered the investment saletransaction. The three-story executive style building is locatedwithin the Westborough Technology Park and overlooks Routes 495 and9, an increasingly desirable suburban office market for the greaterBoston area.

The Aspen Group completed development of the property in alittle over a year ago and had it fully leased almost immediately.Tenants include Arbella Insurance, Morgan Stanley Dean Witter, JohnHancock Financial Services and Trustmark Insurance.

PM Realty Advisors, a CA-based pension fund advisor, targetedthis property and presented the Aspen group with "an offer theycouldn't refuse," says Lescalleet. PM Realty purchased the propertyon behalf of a pension fund client who, adds Lescalleet, does notwant to be identified.