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BEVERLY, MA-Brookwood Financial Partners LP, a private equity firm, is leasing 12,700-sf of office space at 50 Dunham Rd. Brookwood will occupy the top floor of the building, which is the former Parker Brothers headquarters. The move is the result of Brookwood’s expansion. Lease rates for this deal were not available, but the average asking rent for office space in Beverly, according to Trammell Crow Co.’s most recent statistics, is about $20 per sf.

Principal Tamie R. Thompson and associate Leslie H. Lanne of Spaulding & Slye Colliers represented Brookwood in the lease negotiations. The 105,000 sf four-story office building, owned by Fifty Dunham Road LLC, is situated on a 52-acre site located near Route 128. The other tenant in the building is Infogrames.

Thompson notes that “This was a great move for Brookwood, which was seeking to expand its office space and to take advantage of today’s soft market conditions.”

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