MANSARD Completes Sale of 6 Medical / Office Condos in Tewksbury, MA

John Hughes, of MANSARD, represented Ward Endowment, LLC in the sale of six medical / office condos in the Williamsburg Office Park, located at 170 Main Street in Tewksbury, Massachusetts.  The six medical / office condos totaled approximately 4,400 SF, with 5 of the 6 units being contiguous.  The seller placed CleanSlate Centers into the 5 contiguous units and were able to capitalize on their new long term lease with this sale.  The buyer, GWFG 401K Trust, represented by Mike McDowell of Dick Lepine Real Estate Inc., benefits from a positive cash flow on day one with this all cash purchase.  The remaining vacant unit, approximately 800 SF, will either be leased or sold by the new buyer to increase revenues.

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