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Jumbo Capital Acquires Andover Research Center

Sep 15, 2014 | Reprints | Unlock Link | Print

Jumbo Capital Management of Hingham has acquired Andover Research Center at 3 Riverside Drive in Andover for $4 million from STJ Riverside Equity Partners LLC of New York.

The first-class office and R&D facility contains 91,000 square feet of commercial space, including space leased to Globus Medical and Weston Solutions. JCM is seeking tenants for the remaining vacancies.

NAI Hunneman Principal David Ross and Sales Associate Gina Barroso represented the seller and procured the buyer.

Founded in 2009, JCM is a private commercial real estate investment firm with a portfolio exceeding 1.25 million square feet. This summer the company acquired 1900 Crown Colony Drive in Quincy for $18.2 million and 100 Crosby Drive in Bedford for $50 million.

Commercial