Photo courtesy Colliers International

A Framingham office building that’s 100 percent-leased to tenants including Fidelity Investments and Liberty Mutual has been acquired by Burlington-based R.J. Kelly Co. for $12.4 million.

The sales price equates to $291 per square foot for the 42,548-square-foot class A building at 405 Cochituate Road.

All nine tenants have significant remaining term on their leases, according to Colliers International, which represented seller Park Square Revival Corp. of Framingham.

The property was initially placed on the market prior to the COVID-19 outbreak.

“Recognizing the resiliency of suburban office, R.J. Kelly held to their original pricing and lived up to their reputation as a solid buyer,” Colliers Managing Director of Investment Sales Frank Petz said in a statement.

Avidia Bank provided $9.1 million in acquisition financing.

Suburban Boston office vacancies stood at 15.9 percent at the end of June, according to Colliers’ Market Snapshot report, with just 25,000 square feet of positive absorption during the second quarter.