Friday, March 10, 2006

Dynamics Research Corp Completes $20 Million Sale Leaseback in Andover, MA

BostonSF - March 8, 2006

CB Richard Ellis/New England has brokered the sale leaseback of 60 Frontage Rd., a 135,360-square-foot office building in Andover, Mass. for $20.33 million.

Phil Giunta, Executive Vice President/Partner, and George Nugent, Senior Vice President/Partner of CB Richard Ellis/New England Partners, represented the seller, Dynamics Research Corporation, an Andover-based technology company that provides solutions and services to federal, state, and local government. CB Richard Ellis/New England also procured the buyer, Direct Invest.

Located on more than 17 acres of land and with immediate access to Route 93, 60 Frontage Rd. is a three-story, 135,360 square foot office building that is 100 percent leased to Dynamics Research Corporation. Built in 1986, the property recently underwent a total building renovation. Sphere: Related Content

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