07/20/2007

Condyne and Dead River Acquire Norton Commerce Center from The Flatley Company

Condyne in partnership with Dead River Properties is pleased to announce the acquisition of Norton Commerce Center in Norton, Massachusetts from The Flatley Company.

Set on 123 acres of land, Norton Commerce Center currently consists of 3 flex buildings totaling 172,000 square feet. The campus is master planned for an additional 385,000 square feet of future development for office, flex and industrial space. Jeff O’Neill, President of Condyne says that “future development will afford Condyne the opportunity to take advantage of the tremendous location and to capture flex tenants in the Route 495 market. With the master plan development, we feel we will be able to satisfy the need for first class flex product in this area.”

Located adjacent to the Myles Standish Industrial Park and directly off of Route 495, Norton Commerce Center has incredible highway visibility as well as highway signage. Amenities of the park include ample parking, magnificent landscaping, numerous walking areas and a scenic pond. Tenants currently occupying space in the park include Poland Springs, Omnipoint Holdings, Brunswick Laboratories and Morton Builders. There are also many hotels, restaurants and banks as well as a TPC Golf Club in close proximity.

Condyne is one of the leading commercial developers in New England. Condyne was recently named the fifth largest commercial developer in Massachusetts in Boston Business Journal’s 2007 Book of Lists. Condyne’s growth to the top of the industry has been highlighted by such projects as West Greenwich Business Park, a 53 acre first class, high-tech business park in West Greenwich, RI; Revolutionary Way Commerce Center, a 140,000 square foot industrial warehouse and office building located in Taunton, MA; as well as the redevelopment of 111,840 square feet of warehouse and office space at 160 Dascomb Road in Andover, MA.. At present, Condyne continues to be a market leader with 1.5 million square feet of development projects in the final stages of construction and development.

Dead River Company is one of the largest distributors of petroleum products to residential and commercial customers in northern New England. Offerings include a variety of petroleum products on both the wholesale and retail levels, including home heating oil, kerosene, diesel fuel, propane and gasoline. Dead River also owns and operates a number of convenience stores located throughout Maine and has developed and acquired many retail, office and industrial real estate assets throughout the eastern United States.