A 100,000-square-foot telecom facility at 51 South Bedford St. in Burlington has been sold to H.N. Gorin by private equity real estate investment, development and management firm New Boston Fund.
The property is fully leased to Verizon.
The asset was acquired by New Boston in 2003. The price was not disclosed, but records obtained from The Warren Group, Banker & Tradesman’s parent company, indicate the property was assessed at $9,844,200 this year. In September, a $7 million mortgage was taken out on the property, according to The Warren Group.
Peter Joseph at Eastdil Secured represented New Boston on the transaction and procured the buyer.