News: Front Section
Posted: May 4, 2018
Eastport Real Estate facilitates acquisition of N.E. Business Center for Andover MCB for $32 million
Andover, MA Eastport Real Estate Services has sourced and coordinated the acquisition of the New England Business Center on behalf of Andover MCB, LLC.
This $32 million purchase is the first acquisition for Andover MCB. At the time of purchase, the 245,000 s/f office park was 95% leased. Located on 33.2 acres, the park is situated along the Merrimack River at the intersection of I-93 and River Rd.
In addition to sourcing the acquisition, Eastport will handle the asset management function as well as leasing coordination, day to day management, maintenance, construction and financial reporting and accounting.
“We are thrilled to be fortunate enough to work with Andover MCB, LLC and we are committed to meeting the goals we set for the property immediately and long term,” said Bob Bowen, Eastport’s president.
Eastport is a property management and consulting firm with a singular intent: to create, enhance and preserve value for our clients. Eastport manages a wide range of property types, including commercial, retail, medical, and office/medical condominiums throughout N.E. In addition to third party management services, Eastport also offers: brokerage coordination, development and acquisition, accounting, maintenance services, construction and capital coordination and asset management services.
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