Sarah Murphy, the former president of F. Diehl & Son, notes that Eastern Development "recognizes the priority of this site to the town of Wellesley and its residents." Tom Maher, a principal of Eastern Development, did not return calls by deadline, but in a released statement says that his firm is looking forward to working closely with the town as it develops its vision for the property.

The merger does not include the Diehls Home Center hardware and lumber businesses, which the Murphy family is presently marketing for sale. The Diehls Home Center is planning to lease its current location at 180 Linden St. for a short term, it says, to allow the marketing activities to take place.

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.