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Jumbo Capital Management teamed up with equity partner Boston Andes Capital to acquire the Rivertech Park in Billerica, MA from KBS Real Estate Investment Trust. Terms of the deal were not disclosed.
Newport Beach, CA-based KBS paid $45.2 million, or about $158 per square foot, back in March 2008 to acquire the two-building, 285,700-square-foot office park, which delivered in 1983 along US-3 at 129 Concord Rd.
Renovated in 2001, the two two…
Article From: "Key Realty Commercial Real Estate News" Read full article