Waltham-based Lee Partners brokers sale of commercial property at 155 Middlesex Turnpike, Burlington

Lee Partners of New England (http://leepartners.com),
a commercial real estate firm helping clients find superior leases and
workspaces, recently brokered the successful sale of a 13,000 square foot
commercial office building in Burlington, MA.

The property, located at 155 Middlesex Turnpike, Burlington,
was owned by G.F. Properties LLC and served as headquarters for the accounting
firm of Fulchino, O’Reilly & Co P.C.

G.F. Properties LLC Managing Partner Tom Fulchino said that
his firm bought the building in 1998, and totally renovated the building
between 2000 and 2001.

Fulchino, O’Reilly & Co. P.C. was founded in 1988; a year
and a half ago their firm merged with another firm, Tonneson + Co. PC in
Wakefield, which prompted them to begin the process of relocating. G.F.
Properties LLC then put the building on the market.

G.F. Properties LLC sold the property for $2.2 million to the
owners of Ovitas, Inc., a highly-specialized boutique software company. The new
owners plan to move from their current location at 60 Mall Road, Burlington, to
the new building over the next 6 to 12 months. They will make renovations to
the property to have it meet the unique space requirements of their existing
company.

Bruce Lee, principal/founder of Lee Partners, said that key
factors leading to the successful sale included the excellent condition of the
maintained property, ample parking, close proximity to the buyer’s current
location, and occupancy levels that allow for future company expansion
within the building. He represented the sellers in the transaction. The
buyer was represented by Joel Aho, O’Brien Commercial Properties.

Lee said, “It was a distinct pleasure to work with the great
team of Tom Fulchino, Tom O’Reilly, and their assistant Eleanor Mooney
throughout the six month marketing program leading up to the recent sale.” He
added, “It was additionally a pleasure for us to meet the conscientious folks
at Ovitas, and we wish the new owners well in this location.”

Tom Fulchino said, “It was great to work with Bruce Lee and
Lee Partners. I have known Bruce for 25 years. He is a great guy, a true
professional, and made everything come together very smoothly. We were very
happy with his representation and the result.”

“Tibor Tscheke, President and CEO of Ovitas, Inc. said, “Bruce
and his team did a fantastic job in this transaction. They were very quick in
providing any information our side needed, and handled the communication
between the buyers and sellers very well.”

“This is a great market for commercial property,” said Lee,
adding, “With our Greater Boston business market in a strong position, this is
a good climate for businesses seeking to relocate or expand. We have seen a
strong uptick in interest in commercial real estate properties.”

About Lee Partners of New England

Bruce Lee founded Lee Partners in 1998, having previously
worked for 15 years in the corporate commercial real estate field. By creating
a nimble and focused shop, he has been able to offer high-quality,
individualized service to corporate clients. Bruce
Lee of Lee Partners of New England has brokered in excess of 4,000,000 square
feet of commercial real estate space. Clients in the past that Bruce Lee
represented have included Microsoft, Lucent Technologies, Eastman Software,
Kodak and Goodrich. Current clients include rapidly growing technology
and life sciences companies within the Rt. 128-495 area of eastern
Massachusetts and Cambridge. Lee Partners of New England helps businesses
with locating high performance workspace, lease negotiation, space planning,
strategic planning, lease analysis, and needs assessment. Lee Partners of New
England works across a wide range of industries. Lee Partners of New England
maintains office space at 101A First Avenue, Waltham, MA and serves the
commercial real estate needs of eastern Massachusetts and beyond. For
additional information, please call 781.290.8101 or visit http://leepartners.com.