This building, which was bought from Texas-based Archon Group,continues Daejan's penetration of the local market. The company,which is represented locally by the Finch Group, owns an officebuilding on nearby 77 North Washington St. and two similarproperties on Franklin St.

The sale is also an indication of the revival of the NorthStation area, which was hit hard in the market crash in the early1990s. A new state courthouse, several restaurants and increasedpublic transportation have all helped revitalize the area. Vacancyrate here is now under one percent.

Recently, 205 Portland St. was sold for $200 per sf and 141Portland is on the market for five million dollars or $224 per sffor the 23,000-sf building. The seller, Boston Investment Group, isrepresented by Codman Co. broker Tim Lescalleet. He tellsGlobeSt.com, "There is a lot happening in this market." The 3-storybuilding being sold by Lescalleet is zoned to be an eight to tenstory building which offers a buyer development opportunities of upto 75,000 sf.