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Boston & New England  + Industrial  |  November 13, 2019
David Cohen
By: David Cohen

Flex Facility Trades for $26M in Andover

JLL brokered the $26.2-million sale of 160 Dascomb Rd., a 125,609-square-foot modern flex building in Andover.

The property is currently fully leased to Lockheed Martin and Accu-Tech, a wholly-owned subsidiary of Anixter International on a long-term basis.

Coleman Benedict, Matthew Sherry, Kerry Hawkins, Ben Sayles and Michael Restivo of JLL represented the seller, a Condyne entity, in the transaction. The buyer was an affiliate of NorthBridge Partners. In addition, Lauren O’Neil and Jonathan Schneider of JLL facilitated $17.2 million in acquisition financing on behalf of the buyer through Boston Private Bank.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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