X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEVERLY, MA-Infogrames Entertainment SA has sold 50 Dunham Rd. to East-West Enterprises Co. LTD. for $8.5 million in a sale/leaseback transaction. Meredith & Grew’s Robert E. Cronin, vice president, represented the seller in both the sale and long-term leaseback of the property. Wight & Company’s Richard Ruggiero Sr. and Harry Wight represented Hong Kong-based East-West Enterprises.

The 105,000-sf building, built in 1984, previously housed the Parker Brothers headquarters. It is situated on a 54-acre parcel near Route 128. Infogrames acquired the class A office building as part of its purchase of the Hasbro Interactive Division from Hasbro Inc., which had purchased Parker Brothers several years ago.

As part of the sale, Infogrames USA has entered into a long-term lease agreement with East West Enterprises for approximately 55,000 sf of corporate headquarters space.Infogrames Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA, a global publisher and distributor of video games for all platforms.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.