Feb
09
Boston-Area Office Asset Changes Hands in $18M Deal
ByThe 184,116-square-foot, Class A building is located in Danvers, less than one mile from both Interstate 95 and US Route 1.
Boston—HFF recently announced that it has closed the sale of Tower at Northwoods, a 184,116-square-foot, Class A office building in the suburban Boston community of Danvers. LNR Partners Inc., represented in this transaction by HFF, sold the property for $18 million. Additionally, HFF worked on behalf of the new owner to secure a $12.5 million financing.
The investment sales team representing the seller was led by Chris Phaneuf, managing director, and Patrick McAneny, senior real estate analyst. LNR Partners was represented by Dustin Smith, vice president of U.S. Asset Services – Real Estate Asset Management…
