New Boston Fund Sells 20 Trefoil Drive in Trumbull, Connecticut

Hartford, CT (6/6/06) - New Boston Fund, Inc., a Boston-based real estate investment, development and management firm, confirmed the sale of 20 Trefoil Drive. The 27,010 square foot single-tenant facility sold to G&G Trefoil, LLC.

20 Trefoil was acquired by New Boston Fund IV in 1998. The property is located in the northeast corner of Fairfield County in Trumbull, Connecticut. It is easily accessible from the Merritt Parkway and Interstate 95 via Route 25. The 2.31 acre property is currently home to the Lakewood-Trumbull YMCA.

"The sale of this asset is consistent with New Boston`s overall strategy of providing the highest possible risk-adjusted returns to our investors," says Bill Fenn, Vice President of Asset Management for New Boston Fund.

New Boston`s properties in the Trumbull market have performed very well since the acquisition of Trefoil Park in 1998. High occupancy levels have been maintained and the properties have seen positive rent growth.

Cushman & Wakefield brokered the deal.

About New Boston Fund
Based in Boston, New Boston Fund is one of the fastest-growing private real estate investment, development and management firms in New England. Founded in 1993 by the Rappaport family of Boston, New Boston Fund owns and manages more than 18 million square feet of commercial real estate and 2,200 residential units worth more than $1.5 billion.