Eastport Facilitates Acquisition of Wakefield, MA Office/Flex Park for Wakefield MCB, LLC for $17.5 million
Wakefield, MA – Eastport Real Estate Services announced that is has facilitated the acquisition of 107 Audubon Drive, Wakefield, MA on behalf of one of its clients. Known as the Audubon Commerce Center, this 155,409 square foot park consists of one three-story office building and two single story flex buildings. Audubon Commerce Center is located directly off of Route 128 Exit 42 in Wakefield and neighbors MarketStreet Lynnfield, Boston Sports Club and the Sheraton Hotel.
Eastport’s President, Robert Bowen, facilitated the $17.5 million purchase through a private off-market sale between seller, Metropolis Partners, Inc., and buyer, Wakefield MCB, LLC. Eastport completed and coordinated all due diligence tasks as part of the acquisition.
The Audubon Commerce Center is currently 93.2% occupied, and Eastport has hired Hunneman to handle the leasing of the park. Eastport was also awarded the continued property management assignment and will act as asset manager for the property.
Debra Marazzo, one of Eastport’s Portfolio Managers, has recently completed the coordination of several capital projects around the Audubon Commerce Center including upgrades to the office building common areas, restrooms, parking lots and a park-wide window replacement project.
“We are very fortunate to be working with Wakefield MCB, LLC and we are committed to providing the best possible service for ownership and tenants and look forward to exceeding expectations for the property.” -Robert Bowen
Eastport Real Estate Services is a property management and consulting firm with a singular intent: to create, enhance and preserve value for our clients. Eastport manages a wide range of property types, including commercial, retail, medical, and office/medical condominiums throughout New England. In addition to third party management services, Eastport also offers: brokerage coordination, development and acquisition, accounting, maintenance services, construction and capital coordination and asset management services. Founded in 1995, Eastport Real Estate Services is located at 107 Audubon Road, 2-301, Wakefield, MA 01880.
For further information, contact Robert Bowen