Paul Maggiore, CEO of the Woburn, Massachusetts-based company tells GlobeSt.com that the buildings will be one-story industrial facilities with flex space. They will range in size, he says, from 91,000 sf to 65,000 sf to 45,000 sf. Maggiore notes that his company has just one more meeting with the planning board here before it receives the go ahead. "We're in the final approval stages," he says.

The buildings are being developed on a 22-acre site currently owned by Grove Street Corp. The land is under agreement to Maggiore although Maggiore would not disclose the purchase price. If all goes as planned, Maggiore adds, they should be "in the ground by the early part of May."

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.