BRAINTREE, MASS. — A joint venture between Braintree, Mass.-based Campanelli Cos. and Dallas-based TriGate Capital has acquired an eight-property distressed real estate portfolio located in eastern Massachusetts and southern New Hampshire. The properties include a 137,000-square-foot office building located at 9 Townsend Drive West in Nashua, N.H.; a 60,068-square-foot flex property and a 25,000-square-foot office property located in Wilmington, Mass., at 261 and 255 Ballardvale St., respectively; a 49,500-square-foot flex property located at 5 Cornell Place in Wilmington, Mass., and a 39,727-square-foot flex property located at 10 Cornell Place; and 44,804- and 42,291-square-foot office buildings located in Billerica, Mass., at 700 and 900 Technology Park Drive, respectively. The Eastdil Secured team of James McCaffrey, Peter Joseph, Christopher Phaneuf and Brian Barnett represented the receiver in the sale. In addition, the joint venture acquired a ninth property, a 101,060-square-foot flex building located in Westwood, Mass., from Analog Devices. In this deal, Taryn Wilson of Grubb & Ellis represented the joint venture, and Adam Subber of CresaPartners represented Analog.
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