"Acquisition of well-positioned assets in growth markets fitsour strategy of building a strong global investment portfolio,"says Anthony Juliano, managing director of DIG Real Estate in theAmericas. "The transaction builds on DIG Real Estate's alreadystrong track record in value-added investing, and we are excited tobe teaming with KS Partners."

The feeling is mutual, KS Partners founder Kambiz Shahbazi tellsGlobeSt.com. The two entities have "a shared philosophy" for valuecreation, says the veteran developer, whose firm owns several dozencommercial properties in Massachusetts and southern New Hampshire,typically those requiring a value-add approach. The idea ofbringing in an institutional capital source upon buying a propertyhas been previously employed by KS Partners, Shahbazi notes, but hewas especially careful to ensure that the Braintree relationshipwas aligned properly.

"I feel very excited about Braintree, and I needed a partner whohad the same long-term strategy," he explains. While well-locatedand maintained professionally by their former owner, the FlatleyCo., the buildings will require a level of investment to reach fullpotential, says Shahbazi. DIG's patience and deep capital pool willenable the developer to make the necessary upgrades to attracttenants, he predicts.