Berwind Property Group recently completed the acquisition and partial leaseback of 35 Village Road, a class A office building in Middleton, Mass.

The value of the transaction was $18.9 million.

The seller and subsequent tenant is an affiliate of Verizon Information Services, publisher of a national yellow pages directory.

35 Village Road, which is now being renamed Ferncroft Corporate Center, is located just off the intersection of Route 1 and Interstate I-95, approximately 30 minutes north of Boston.

Constructed in 1990, the building is an eight-story structure consisting of 226,088 rentable square feet. The property features a flexible floor plate with 9-foot clear ceilings and offers amenities such as a full-service cafeteria and a 775-space parking garage.

The property was 57 percent occupied by Verizon Information Services at the time of sale.

CB Richard Ellis/Whittier Partners represented the seller and introduced the buyer in this transaction.

Berwind Property Group Ltd. is a Philadelphia-based, privately held real estate investment firm.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top