Andover Townsman, Andover, MA

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April 18, 2013

Shattuck Road office building sold for $12M

A 92,700-square foot office building on Shattuck Road has sold for $12 million.

Richards Barry Joyce & Partners, LLC, a commercial real estate advisory firm, acted as the exclusive sales agent for Winthrop Realty Trust to sell the 15 Shattuck Road building to Carter Validus Mission Critical REIT, Inc.

The two-story building is a data center facility fully occupied by Windstream Corp. (NASDAQ: WIN). Windstream is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide.

The Boston-based Richards Barry Joyce & Partners also brokered the sale of a 131,000-square-foot building at 5 Omni Way in Chelmsford for $3.8 million.

“The year is off to a solid start with capital markets activity across Greater Boston, and we’re looking forward to it continuing,” said Chris Skeffington, senior vice president for Richards Barry Joyce & Partners. “We were particularly energized by these two sales in the Interstate 495 north submarket. Even though they are in the same area, they were very different processes, requiring different approaches.”

Visit www.rbjrealestate.com for more.

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