The property was purchased in 2000 as part of a 5-building portfolio that was sold out of foreclosure. The entire portfolio was 50% vacant at the time of purchase. Within 12 months of the purchase, 240 Eliot Street was leased to a long-term tenant and has maintained a 100% occupancy rate. Ledgemere Park is now a well-managed asset that offers quality space, an excellent value, and a convenient location just off of Route 126 and five miles to the Massachusetts Turnpike (I-90).