The financial services group of Cushman & Wakefield--RobertE. Griffin Jr., Edward C. Maher Jr., Marci Griffith Loeber andChristopher T. Griffin--represented SSR and procured the buyer."This transaction is a clear example of a regained feeling ofconfidence among institutional investors in what has historicallybeen one of the single largest technology incubators in thecountry," says Maher, executive director at Cushman. "This propertyprovides the many key attributes required by today's most demandinginvestors: marquee tenancy, upside through re-leasing,expandability and debt-free offering terms. There is just so muchcapital going after so few quality investments that demand is faroutstripping the available supply."

The campus is located approximately 20 miles northwest ofBoston. The complex was originally designed and developed forGenRad Inc. in 1952 and expanded in phases through 1980. Theproperty consists of a 408,042-sf three-story office building andan adjacent single-story 14,160-sf warehouse/storage building.

The property's expansion over time resulted in the campus'design as a large office core with multiple wings. The design alsomade the building suited for its eventual conversion to amulti-tenanted "mini-city." In 1998, the property underwent amaster-planned renovation.