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Billerica’s 285K SF ‘Rivertech’ Property Sells

Aug 7, 2017 | Reprints | Unlock Link | Print

KBS Real Estate Investment Trust, a non-traded real estate investment trust based in Newport Beach, California, announced today the sale of Rivertech Park in Billerica. The complex was purchased by Jumbo Capital Management and Boston Andes Capital.

Located at 129 Concord Road, the property consists of two 2-story office/R&D buildings. The property offers over 285,700 rentable square feet and is located on a lot of over 30 acres. The property is currently fully leased by two tenants on a long-term basis.

Located midway between two major highway loops, the property is situated within the 128 North submarket.

KBS REIT I acquired the property in March 2008.

Brian Barnett, Peter Joseph and Steffen Panzone of Cushman & Wakefield represented KBS REIT I in the transaction.

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