FIRM BUYS CONTROLLING INTEREST IN ORLANDO OFFICE BUILDING

ORLANDO, FLA. — New Boston Fund has purchased a controlling interest in the 137,000-square-foot Southpoint Executive Center. The Class A office building is located in Orlando. Stiles, which purchased Southpoint in 2007, will remain co-owner of the property. In the deal, New Boston paid the building's outstanding debt; the firm will also pay future operating costs and will fund leasing costs. The property is currently 30 percent leased.