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<td height="116" valign="top"> <p class="head"><strong>FAIRLANE PROPERTIES PURCHASES 155 AND 159 SWANSON RD. FOR $18.3M</strong> </p>
<p class="text"><strong>New England Real Estate Journal <br>
May 11-17, 2012 </strong></p>
<p class="text"><strong>Joseph and Barnett of Eastdil Secured Represents Seller, New Boston Fund</strong></p>
<p class="text">Fairlane Properties recently purchased 155 and 159 Swanson Rd., a 205,234 s/f two-building office/R&D/manufacturing business park on 26 acres for $18.3 million. Both buildings are fully leased on a long-term basis to Setra Systems, Inc. and SynQor, Inc. Michael Grill, president of Fairlane Properties, will lead the newly-formed Fairlane Boxborough, LLC.</p>
<p class="text">155 and 159 Swanson Rd. are two-story red-brick buildings located at the intersection of I-495 and Rte. 111, just one exit south of the I-495/Rte. 2 intersection. 155 Swanson Rd. with 102,619 s/f is 100% occupied by SynQor, Inc., a privately held company which manufacturers DC-DC power converters, bus converters and other power solutions for a variety of industries. 159 Swanson Rd. with 102,615 s/f is 100% occupied by Setra Systems, Inc., a leading designer and manufacturer of pressure, acceleration and weight sensing devices. Both buildings are comprised of office, research & development, and light manufacturing spaces. Both Setra Systems and SynQor have their world headquarters at the property.</p>
<p class="text">Middlesex Savings Bank provided financing of $13.2 million for the purchase. Fairlane Properties, Inc. raised $5.9 million in a private equity placement with numerous local investors. </p>
<p class="text">Peter Joseph and Brian Barnett of Eastdil Secured represented the seller, New Boston Fund. Paul Sullivan of Lincoln Property Company will serve as property manager for the asset.</p>
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