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KS Partners Buys Connector Park In Lowell For $14.6M

Mar 11, 2015 | Reprints | Unlock Link | Print

New York-based KS Partners has purchased Connector Park, a pair of class A office buildings, for $14.6 million from Hudson Advisors of Dallas.

The complex contains nearly 200,000 square feet of office space including 41 Wellman St., which is 100 percent leased on a long-term basis by three tenants, and 59 Lowes Way, a 66 percent leased multi-tenant office building.

Executive Managing Director David Pergola and Managing Director Brian Doherty of DTZ Boston represented Hudson Advisors in the disposition.

"With its close proximity to Boston and easy access to Interstate 495 and Route 3, Connector Park is an attractive choice for tenants in the suburban Boston market and an attractive value-add investment opportunity for us," KS Partners Founder and President Kambiz Shahbazi said in a statement.

Commercial