01/01/2008

Condyne Aquires the Bolton Office Park From The Flatley Company

Condyne is pleased to announce the $14,000,000 acquisition of the Bolton Office Park from The Flatley Company. The Bolton Office park is an existing 105,600 SF fully leased office building located in Bolton, MA. It is one of the premier office parks located in the 495-north submarket. The building, which can be expanded by approximately 50,000 SF sits on 39 acres directly off of Route 495 at the intersection of Routes 117 and 495.

Currently, the property is fully leased to two major publicly traded companies, Emulex Corporation and New Cingular Wireless – a division of AT&T. Emulex, a global provider of enterprise solutions and technologies that connect storage, serves and networks across the world, currently occupies 50,600 SF. New Cingular, a division of the newly formed AT&T merger with Bellsouth and Cingular Wireless, leases 55,000 SF.

“This asset supports our continued growth into the office market and exemplifies our efforts in sourcing quality, well located real estate at or below replacement costs,”, said Jeff O’Neill, President of Condyne. “Further expansion to the facility will provide additional upside to the investment creating a 150,000 SF corporate center.”

The Class A facility features brick construction with ribbon paned glass and a large open marble atrium at the main entrance. Two interior courtyards provide natural light within the building. The facility is also serviced by the large parking lot and walking paths that are accompanied by natural landscaping and ponds.