The acquisition of the 78% leased office building at 980 and 990Washington St. in Dedham brings Everest's New England portfolio ofoffice, retail, industrial and flex space to 64 buildings totaling4.84 million sf.
Steve McDonnell, regional manager for Everest in Boston, tellsGlobeSt.com that the offering brought out a number of bidders butit was the buyer's reputation as a deal closer that helped Everestacquire the property.
"We liked the location, the tenant mix was good and we saw anupside on leasing," McDonnell says of the reasons behind theacquisition. Vacancy in the submarket is just under 17% andabsorption has been on the upswing this past year, market reportsshow.
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