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For Immediate Release June 1998

Two Society Members Broker Single Building For 28 Million Dollars On The Internet

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Boston, MA. John M. Peckham III, President of Peckham Boston Advisors, Boston Massachusetts and Executive Director of the Real Estate CyberSpace Society has announced the Internet sale of a 160,000 square foot free standing office building net leased to New England Telephone and Telegraph Company (Bell Atlantic).

The property, located in Marlborough, Massachusetts, was conveyed by Lockway Management Company to National Government Properties for $28,750,000.

The sale was negotiated by Peckham and Tom Rochford, President of Tom Rochford Real Estate, Lafayette, California. Both Peckham and Rochford are members of the Real Estate CyberSpace Society.

According to Peckham he posted the offering at the Peckham Boston Advisors web site earlier this year. Shortly after the posting Rochford was "browsing the Web searching for a property" for his client when he came upon Peckham's offering. The two connected via E-mail and phone and after the normal negotiating and due diligence periods the sale was completed.

Commenting on the transaction, Peckham stated that all of the elements of a typical CyberSpace sale were present in this transaction which he stated "again shows the power of the Internet to connect several previously unintroduced parties with lightning speed."

Peckham who has completed several Internet transactions including an impressive array of sales already closed this year. In this year alone, in addition to the Bell Atlantic sale, he has Brokered and closed sales on two hotels and a net leased property in Fort Lauderdale (the fourth similar property in Florida sold by him on the Internet). Some of Peckham's other closed Internet sales have included Walgreens net leases and a 60 unit apartment building.

When Peckham isn't selling real estate on the Internet he serves as Executive Director o the Real Estate CyberSpace Society which he enthusiastically claims is the fastest growing Real Estate organization in the World today. In that capacity, Peckham conducts the Society's one day Designation course, "Selling Real Estate in CyberSpace" across the country. Peckham says that all of the techniques used to close both commercial and residential Internet sales are presented in the one day course. The Society awards the RECS (Real Estate CyberSpace Specialist) designation to seminar attendees. The Society delivers 14 Cyber related tools and services including it's Real Estate Web Navigator to it's members without any additional cost.

He concluded by welcoming all real estate professionals to join the Real Estate CyberSpace Society . Information on Society membership and courses and an invitation to join is at the Society's Web site Earth folks can reach the Society toll free at 617-523-4441.

For Further information or interviews:

John M. Peckham III
Executive Director
Real Estate CyberSpace Society
Four Longfellow Place, Suite 2408
Boston, MA 02114
Phone: 617-523-4440 Fax: 617-523-4736