The Sunrise Business Center has been sold to Cabot Properties in a $13 million transaction. Constructed in the mid-1980s and recently renovated, the asset consists of two connected industrial buildings on a 8.22-acre parcel on North Hiatus Road. The 124,487 square foot office and warehouse complex was 95 percent leased at the time of the sale. The seller, Elion Partners, was represented by the CBRE Group’s David J. Wigoda. āAlthough it attracted many potential buyers, the challenge was finding a buyer that wanted the product type mix of smaller bay office and warehouse spaces and one larger distribution space. Cabot Properties saw value in how the product types complimented each other; a beneficial transaction for all parties involved,ā said David Wigoda, senior vice president at CBRE.
