![](https://nerej.com/img/stories/new/2021/06-25-2021/Management Spot/68 prospect st.jpg)
Peabody, MA William Thibeault, of Thibeault Development recently closed on 68 Prospect St.
The former Lahey Medical Imaging building was purchased for $1.2 million and is now being sold for $3 million to K. Hoyle Construction Company. Kevin Hoyle plans on developing the property into multiple townhouses. There was no Realtor involved in the sale of the property.
![](https://nerej.com/img/stories/new/2021/06-25-2021/Management Spot/369 main street.jpg)
Thibeault also recently completed the purchase of 369-371 Main St. in Wakefield.
The 20,400 s/f building, constructed in 1880 and located in the downtown retail corridor, has been leased to Santander Bank for 20+ years. The bank will continue to occupy the complete building along with the attached parking lot. The buyer was represented by Todd Glaskin of Coldwell Banker Realty.