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Norwell Office Bldg. Trades in Sale/Leaseback Deal

Rader Properties Brokers Exchange of 48,714 SF in Asinnippi Park
By Sylvia Bolden
November 10, 2009 | 4:31 P.M.

Weichert Commercial Brokerage Inc. sold the 48,714-square-foot office building at 120 Longwater Drive in Norwell, MA, in an investment sale to Frank Giglio, president of F.P. Giglio Enterprises, for $3.3 million, or nearly $68 per square foot. Included in the sale was Udell's lease back of 10,000 square feet at the property, which is the current location for his Relocation Resources Inc. office.

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