One Corporate Place

Condyne is pleased to announce the $12,350,000 million acquisition of One Corporate Place in Danvers, MA. The property, which was purchased from the Flatley Company, is located 20 miles north of Boston in the Ferncroft Campus. TD Banknorth financed the transaction for Condyne.

One Corporate Place is a 5-story, 89,028 SF first class office building set on 4.88 acres of land in a well known, master planned campus. The building is fully leased to 11 tenants including The Boston Globe and The Travelers Insurance Company of Massachusetts. Built in 1987, the steel framed building sits on a concrete foundation and has a brick façade. Interior assets include a luxury lobby equipped with two passenger elevators as well as flexible floorplates throughout the five stories for easy office subdivision.

This hilltop site is in walking distance to other amenities in the Ferncroft Campus such as many lakefront walking trails, the Ferncroft Country Club, and the Sheraton Ferncroft Resort. Within the Sheraton Ferncroft Resort is the popular Coco Key Water Park, a 65,000 SF facility featuring an indoor water park, restaurants and an arcade. Ferncroft Corporate Place and North Shore Community College are also located within the campus. The desirable location is fully accessible to Route I-95 as well as Route 1.

Design / Builder:
Developer: Condyne, LLC
Building Size: 103,272
Occupancy Date: Immediately