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ServiceMaster Acquires Industrial Facility

WOBURN, MA-ServiceMaster purchases an 8,000 sf industrial facility at Six Jefferson Ave. for $645,000 from the Bomak Corp. The deal typifies a recent trend in which users decide to purchase rather than lease their space.

By Naomi Grossman | Updated on July 21, 2004

WOBURN, MA-ServiceMaster purchased an 8,000 sf industrial facility at Six Jefferson Ave. The company, which provides outsourcing services for residential and commercial customers, bought the property for $645,000 from the Bomak Corp. The building was constructed primarily for industrial uses and sits on 11,800 sf. The property has close access to Routes 93 and 95.

The deal is the latest in a series of transactions with these types of properties and typifies a recent trend in which users decide to purchase rather than lease their space. Recently Geosearch Inc of Sterling purchased 20 Authority Dr., a 50,200-sf industrial building in Fitchburg, while Merrimack Education purchased 80 Brick Kiln Rd., a 7,500-sf property in Chelmsford. Also, Quaker Fabric Corp. signed a purchase and sale agreement for a 600,000 sf industrial building at 81 Commerce Dr. in Fall River. Michael C. Jacobs, of Glickman Real Estate, attributes the trend to the continuing low interest rates.

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