July
2010
Andover Office Buildings SOLD: $8.9M
by Evan, Boston 
“Two office/R&D buildings in Andover have sold for $8.9 million.
An institutional investment fund managed by the Fidelity Real Estate Group partnered with Leggat McCall in the acquisition of the buildings at 600 and 800 Federal St. The Fidelity Real Estate Group pursues value-added investment opportunities throughout the U.S. on behalf of its managed funds, according to a statement.
600 Federal St., a 115,000-square-foot, two-story office/R&D building, is 65 percent leased to three tenants – CGI Technologies, Broadcom Corp. and Alliance Imaging. 800 Federal St., a 155,000-square-foot, three-story office/R&D building, is 100 percent vacant.
Cushman & Wakefield’s capital markets group of Robert E. Griffin Jr., David J. Pergola, Christopher T. Griffin and Brian R. Doherty brokered the transaction.”
For more information on the sale please refer to Banker and Tradesman
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