DAVIS BUYS DISTRESSED OFFICE BUILDING FOR $15.3M IN MASS.

MIDDLETON, MASS. — The Davis Companies has purchased Ferncroft Corporate Center from its lender for $15.3 million. The property consists of an eight-story, 226,338-square-foot office building located on 13 acres in Middleton. It was built in 1990 as the headquarters for Verizon's information services division. At the time of the sale, it was 68 percent occupied. The Cushman & Wakefield team of Robert Griffin, Jr., David Pergola and Brian Doherty represented the seller and procured the buyer.