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December 21, 2006

Boxboro property sells for $17.7M

A three-story, 149,528 square-foot office building sold for $17.7 million in Boxboro, the Boston Business Journal reports. 

Located at 80 Central St., the building has multiple tenants and sits on 36.9 acres off of Route 2.  Newport Beach, CA-based KBS Realty Advisors bought the property from Kennedy Associates Real Estate LP of Seattle. Kennedy originally purchased the property in 2000 from a KBS commingled real estate fund.  KBS purchased one of two buildings comprising the Tech Center at Boxboro, according to the report. 

KBS owns several properties in the region, including One Research Drive in Westboro and Nagog Office Park in Acton. 

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