Aug
07
KBS REIT Trades MA Office Facility
ByJumbo Capital Management and Boston Andes Capital are the new owners of Rivertech Park, a two-building property located in Billerica, Mass.
Rivertech Park, a two-building office/R&D property in Billerica, Mass., changed hands. The former owner is KBS Real Estate Investment Trust I, which bought the asset in 2008 for $42.2 million, according to PropertyShark data. The buyer is a joint venture between Jumbo Capital Management and Boston Andes Capital.
Cushman & Wakefield’s Managing Directors Brian Barnett and Steffen Panzone, together with Vice Chairman Peter Joseph, represented KBS in the deal…
