Littleton, MA Lexvest Partners has purchased a three-building master planned technology park totaling 45,000 s/f on 7.86 acres of land. Beaverbrook Park is located at 9 - 11 Beaverbrook Rd. adjacent to “The Point” at Rte. 119 and I-495. Eric O’Brien, president O’Brien Commercial Properties represented Lexvest in this $2.75 million acquisition and procured a second buyer, Optical Phusion Inc. (OPI), and arranged the subsequent re-sale of the largest of the three flex buildings, 20,000 s/f Building 9. Matthew Blackham of Lexvest and the Blackham Co., handled the acquisition. Joseph Belsito represented the seller, Program Test Sources, Inc.
In addition, O’Brien of O’Brien Commercial negotiated a lease for 2-8 Craig Rd. in Acton, Mass. with AVNET. This tenant has once again made a long-term commitment with landlord OIM for the entire 45,000 s/f building.
Also, BLW Engineers leases 5,179 s/f at 40 Shattuck Rd. in Andover, Mass. O’Brien represented the tenant. Cummings Properties is the landlord. BLW is expanding out of 3,200 s/f on the first floor. BLW does comprehensive pre-construction engineering and is headquartered in Littleton.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and