North Andover office deal completed

Price per square foot tops $125

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Jones Lang LaSalle negotiated the sale of North Andover Office Park, a two-building, 92,893-square-foot office complex in North Andover, Mass. FSP North Andover Office Park Limited Partnership, which owned the campus for more than 10 years, sold it to First General Realty for $11.7 million. The properties are located at 451 Andover Road and 203 Turnpike St. Both four-story buildings are comprised of medical office, office and retail space, and were 94 percent occupied at the time of sale. Jones Lang LaSalle provides commercial real estate services in more than 50 countries worldwide. ...