$11 MILLION SPEC OFFICE NEARING COMPLETION

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BEVERLY, MASS. — Completion is nearing for an $11 million speculative office building located at 138 Conant St. in Beverly. Developed by locally based Connolly Brothers Construction, the four-story building features a cafeteria, a fitness room, and surface and underground parking. The project began construction last October, and completion is slated for next month. In addition, Winchester, Mass.-based Klemmer Associates has brokered the lease for the first 12,500 square feet of office space at the building to Wachovia Securities. The tenant was represented by DTZ FHO Partners in lease negotiations.

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