Brookwood Financial Partners, L.P. Announces the Sale of Two Forge Park Properties in Franklin, Massachusetts.

BEVERLY, Mass. -- Brookwood Financial Partners, L.P. ("Brookwood") announced the sale of 14 and 16 Forge Park Drive for $11,750,000. Brookwood had recently purchased the properties in March from an affiliate of National Development as part of a portfolio that included nine buildings in the Cherry Hill Corporate Center located in Danvers and Beverly, Massachusetts.

16 Forge Park is a 120,000 square foot building that is currently 100% leased to Speedline Technologies, Inc., a wholly owned subsidiary of Illinois Tool Works, Inc. Speedline has occupied the property since 1996. 14 Forge Park is a 3.05-acre development parcel that can accommodate an additional 25,000 square feet of new construction. 14 and 16 Forge park are located in the Forge Park Business Park, a two-million square foot master-planned business park. A portfolio of six buildings containing approximately 619,000 square feet in the park recently sold to Colony Realty Partners.

"In acquiring the Cherry Hill and Forge Park portfolio, we had planned to spin out the Forge Park properties in a short-time period," stated Thomas W. Brown, Director of Acquisitions for Brookwood. "Given the recently executed renewal by Speedline and the current demand for this type of product, we were able to complete a sale on favorable terms well within our anticipated time frame."

The buildings were held by affiliated entities of Brookwood. James McCaffrey of Eastdil Secured represented the sellers in the transaction. The purchaser was Realty Associates Advisors, LLC.

About Brookwood - Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies. Since 1993, Brookwood has acquired 56 properties totaling approximately 7.2 million square feet of office, retail and research & development space as well as 143 hotel rooms, 138 condominium units and 572 apartments units. Brookwood has acquired real estate assets throughout the United States including Arizona, California, Colorado, Florida, Georgia, Maine, Maryland, Massachusetts, New Jersey, North Carolina, Texas, and Virginia. In addition, Brookwood has invested in eight private companies in the wireless telecommunications, restaurant, software and outsourcing industries. Brookwood has invested approximately $350 million in equity to acquire assets with a realized and unrealized value of approximately $1.1 billion.