The 65,492-sf building is located right outside of HarvardSquare here and is an office and retail building. According toRichard F. Herlihy, of the financial services group at Cushman& Wakefield, the building is fully leased. Among its tenantsare Target Analysis Group, and TSA, an architectural firm. Thebuilding, which has lease rates in the high $30s to low $40s, waspart of a portfolio purchased by Westbrook for $2 billion fromTravelers Insurance in 1996. Herlihy tells GlobeSt.com that thissale is a "pruning" of that portfolio. "The building is now fullystabilized, its value has increased and it's an opportunity forthem to realize a gain," he says.

This is the third in a series of deals done by the new financialservices group at Cushman & Wakefield. Members of theteam--Robert E. Griffin, Jr., Herlihy and Christopher T.Griffin--represented Westbrook Partners and procured the purchaser.The group was formerly with Trammell Crow and moved over to Cushman& Wakefield about six weeks ago.