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PEABODY, MA-The former headquarters of athletic shoe maker Saucony was sold for $7.85 million to a local partnership whose high-ticket offer beat out multiple investors for ownership of the 134,164-sf Peabody office and warehouse.

Boston-based RFP Advisors and Juniper Advisory Services of Winchester, teamed up to make the multimillion-dollar offer to seller Stride Rite Corp. in a deal that bought the partnership a fully vacant, class A asset at the entrance to Peabody’s Centennial Park.

“Because the building was the former headquarters for Saucony, it had a lot of upgrades you don’t find in a normal office and warehouse facility,” Peter Richardson, senior vice president with Spaulding & Slye, a member of the Jones Lang LaSalle group, tells GlobeSt.com. “In addition, it is located right at the entrance to Centennial Park so it was very well received in the marketplace.”

Set on 12.2 acres at exit 28 off Route 128, the property is comprised of 38,164 sf of first class office space, 96,000 sf of high bay warehouse space and parking for 209 vehicles along with shipping and receiving facilities. The property also has potential to expand by more than 30,000 sf.

Richardson says the 13 Centennial Dr. property, which was placed on the market in December, five months before Saucony vacated the building, drew multiple offers from a number of North Shore and Downtown Boston investors along with local users. But it was RFP and Juniper’s high bid, along with the pair’s proven track record, that the keys to the property.

“The first class facility, coupled with Centennial’s excellent location, infrastructure and amenities, make this one of the best buildings for a tenant to be located north of Boston,” Chub Whitten, with Juniper Advisory Services, LLC., says in a statement announcing the acquisition. The asset was the third building purchased by Juniper in Centennial Park.

Richardson, along with colleague Tamie Thompson a managing director with Spaulding & Slye, represented the seller and procured the buyer in the transaction.

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