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400 Riverpark Drive

David Lichtenstein Of Lightstone Group Acquires Office Building From Joseph Zink For $43M In North Reading
SOLDOffice

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.

Players

David Lichtenstein

Lightstone Group

Buyer

$1.6B

vol

18 deals

Buyer
AM
Atlantic ManagementSeller

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