An affiliate of Campanelli Companies has purchased the PolaroidAmericas Logistics Facility here. Before the instant imagingcompany's building was even finished, it was on the block and theink was drying on the deal.

Sun Life Assurance Co. of Canada is providing the loan; SpectrumFinancial Corp. serves as the company's mortgage loancorrespondent. The site is located on 31 acres with a 336,000-sfwarehouse and distribution facility. It's on Route 140, one milefrom the interchange of Route I-495 and three miles from Route I-95in what is a growing suburban market.

The Waltham site put on the block consists of four buildingstotaling 536,000 sf of space on 56 acres the company purchased inthe late 1960s. At the time the sale was announced, a companyspokesperson adamantly told GlobeSt.com the sale did not reflectfinancial difficulties for the company, simply a desire to cash inon the hot real estate market in the area. Grubb & Ellis isserving as the broker for that deal.