Cushman & Wakefield's Capital Markets Grp. brokers 144,000 s/f sale

On behalf of Winstanley Enterprises, LLC, Cushman & Wakefield brokered the sale of 60 & 70 Codman Hill Rd., two office/R&D buildings totaling 144,000 s/f.  Cushman & Wakefield's Capital Markets Group of Robert Griffin, Jr., David Pergola, Chris Griffin, Rick Putprush and Brian Doherty represented the seller and procured the buyer, Atlantic Tambone Real Estate Developers in the transaction. "The acquisition of 60 & 70 Codman Hill Rd. aligned with our current strategy to buy long-term stabilized assets," said Tony Tambone, executive vice president of Atlantic Tambone.  Financing for the purchase of the property was provided by the Washington Trust Company of Westerly, Rhode Island. The buildings are 100% leased to Interactive Data Corporation and Intertek Testing Services and are at the intersection of Rtes. 495 and 111. "The sale of 60 & 70 Codman Hill Rd is complete and we are especially happy for our client - Winstanley Enterprises - during this challenging period of time in the capital markets," said Pergola, senior director at Cushman & Wakefield.  "The transaction experience of both Winstanley Enterprises and the buyer, Atlantic Tambone, was critical to the success of this sale.  My hat goes off to both of them for their ability to execute given today's unique economic climate."