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Sale, Lease, Game

Sale-Leaseback on Dunham Road
By Ryan Donald Emery
August 9, 2002 | 4:01 P.M.

East-West Enterprises Co. LTD purchased 50 Dunham Road in Beverly, MA for $8.5 million or $80.95 per square foot, from Infogrames Entertainment S.A. Infogrames then leased back roughly half of the building on a long-term lease. The 105,000-square-foot office building sits on 54 acres and includes a glass curtain wall, boardroom, carpeting throughout and solid core doors. Infogrames acquired the building when it purchased the Hasbro Interactive Division from Hasbro Inc. Robert E. Cronin of Meredith & Grew/ONCOR Int'l represented the seller in the sale and leaseback of the property. Richard Ruggiero Sr. and Harry Wight of Wight & Co. represented East-West Enterprises.

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