Condyne Capital Partners Inks $60 Million Sale of BT-37 Business Park in Billerica
Condyne Capital Partners, LLC on behalf of its WEST-CDYN VENTURE, LLC with Westport Capital Partners has announced that it has executed the sale of BT-37 Business Park for $60,650,000 located at 101 Billerica Avenue, Billerica, MA.
Newmark Knight Frank represented the Seller in the transaction, the Buyer, was WCV-101 Billerica, LLC c/o Wheelock Acquisitions LLC and Camber Development. The closing date of the transaction was May 12, 2021.
BT-37 is a six-building master-planned office/flex park located at 101 Billerica Avenue in Billerica and Tewksbury, Massachusetts. The Park offers 448,707 square feet across 44 acres. BT-37 is located approximately 30 miles north of Boston in the heart of the I-495 North Corridor, directly alongside I-495 (Exit 37) and less than 2 miles from the I-495/Route 3 Interchange.
BT-37 was enhanced under the WEST-CDYN ownership to include extensive re-leasing, tenant improvements and capital replacements including selected roofs, HVAC systems, signage and additional building features.
Located in Braintree, MA, Condyne Capital Partners, LLC is a fully integrated real estate development firm providing a single source for all development needs in the New England market; including consultation, design, facility engineering, construction, and property management. Condyne develops, acquires, and invests in modern multi-tenanted industrial real estate assets. Over the past ten years, Condyne and affiliated entities have acquired and developed in excess of 20 million square feet and invested in excess of $650 million of investment capital.