Spaulding & Slye Colliers vice president Matthew J. Danielsnegotiated the transaction on behalf of First Call Mortgage. CBRichard Ellis/Whittier Partners vice president W. Hunter Emersonand Urban Commercial senior vice president Peter Dominskirepresented the building's owner, Lehman Brothers.

The move represents a consolidation of two offices for FirstCall from locations in North Andover and Reading and also providesspace the company needed to accommodate its growth. "We have roomto continue to grow, a central location among thriving communities,and all the amenities in the park to serve our employees. Inaddition, we got a fantastic deal, " says Carl McFadden presidentand founder of First Call Mortgage.

The building is located just off Route 495 on Route 28 and ispart of a one million sf, three-building office complex. "The dealstructure allows First Call Mortgage Company guaranteed phased-ingrowth," notes Daniels. Lease rates for this deal were notavailable, but the average asking rent for office space in TheRoute 495 North market is about $16 per sf. According to Grubb& Ellis's most recent statistics, the area has a vacancy rateof nearly 32%.