David Lichtenstein Of Lightstone Group Acquires Office Building From Joseph Zink For $43M In North Reading
400 Riverpark Drive
$43,000,000
$309/SF
Building Size
139,000 SF
Asset Type
Office
Closing
Aug 14, 2026
AI
The 400 Riverpark Drive office building, located in North Reading, MA, features a total square footage of 139,000 and has been sold for $43,000,000, translating to a price per square foot of $309. This asset type is categorized as office space, with the transaction occurring in a notable market setting.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $43,000,000
- Buyer: David Lichtenstein - Lightstone Group
- Seller: Joseph Zink - Atlantic Management
- Square Footage: 139,000
- Price Per Square Foot: $309
- Date of Transaction: 08/14/2026
David Lichtenstein represents Lightstone Group in the acquisition of the property, while Joseph Zink is the representative for Atlantic Management as the seller. Notably, this transaction reflects a significant appreciation in value, as Atlantic Management acquired the property for $20,000,000 in 2021.
River Park Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93