The sale of 100 CambridgePark is indicative of Berwind's overallstrategy of buying underperforming properties, adding value throughredevelopment and aggressive leasing, and releasing them to themarket. Berwind bought 100 CambridgePark in October of 1997 for$23.5 million and the building was half empty just a few years ago.The firm also acquired the Campus at Marlborough from 3Com inNovember 2002 for $57 million, when the occupancy rate hoveredaround 58%. Both buildings are at or near full occupancy now.Berwind's 35 Village Rd. property, renamed Ferncroft CorporateCenter, was 57% occupied at purchase, but last week the companyleased 55,000 sf to SAS Institute to push it over 80%.

The purchase of 100 CambridgePark Dr. by the family-ownedinvestment and property management company brings its portfolio toseven properties valued at more than $80 million. Transatlanticowns and manages American Twine Office Park, One Mifflin Pl., 271Cambridge St., and 60 Gore St., all of Cambridge; as well as 130Forbes Blvd. in Mansfield and Batterymarch Park II in Quincy.

Cushman & Wakefield's Rob Griffin, New England president,Marci Griffith Loeber and Edward C. Maher, executive directors,procured the buyer and represented the seller. C & W's MarkWinters and Dave Townsend are the leasing agents.