Divested by a local partnership, 100 Hancock St. traded for justover $17 million. CBRE | Melody managing director Frank Petzarranged a $27.5-million package from Capmark Finance Inc. to fuelthe purchase plus a renovation and marketing program. The sale wasorchestrated by CBRE/New England's Boston investment team, led byprincipal Gary Lemire and colleagues Chris Angelone, AndrewMajewski and Phil Giunta. CBRE/New England has been retained asleasing agent, with Majewski at the helm, Griffith also says.

Massachusetts has only recently pulled out of a multi-yeareconomic funk, but the veteran developer is among a growing stripeanticipating a sustained recovery, and says he was "excited" atsnagging 100 Hancock St. after a previous bid came up short. "Itfeels good," Griffith says of cementing the purchase, opining that,"vacancy is not a bad word in a rising market," and praising theprize, which is in the heart of Quincy Center.

"It is a terrific location," Griffith says in listing topattributes. Situated close to the Red Line subway into Boston,there is enough room for a new garage to address what Griffith sayswas an unfulfilled need. The public transit and increased parkingshould enhance 100 Hancock St.'s draw, says Griffith, who cites"fabulous views of the Boston skyline and Boston Harbor" as anotherbonus.