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Boston & New England  + Metro Boston  + Industrial  | 

Fully Leased Andover Flex Building Trades as “Exceptional Re-Leasing Opportunity”

Newmark arranged the sale of 23 Frontage Rd., a flex/R&D building located 25 miles north of Boston in Andover, MA. The sale price was not disclosed. A Newmark team of Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper represented the seller and procured the buyer, Rhino Capital Advisors LLC.

The Newmark Boston Debt & Structured Finance team of David Douvadjian, Sr., Timothy O’Donnell, David Douvadjian, Jr., Bobby Alvarado and Conor Reenstierna secured acquisition financing on behalf of the buyer.

“23 Frontage Rd. offers an exceptional re-leasing opportunity in Boston’s northern suburbs,” said Sleeper. “The surrounding area is the region’s most desirable cluster for employers in the medical, life science and technology manufacturing segments, given its access to labor pools across both northern Massachusetts and southern New Hampshire.”

Totaling 64,200 square feet across two stories, 23 Frontage Rd. is currently 100% leased on a short-term basis to a security technology company.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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