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Baltic Group Takes Westborough Office Building

WESTBOROUGH, MA-The Rhode Island-based investment group picks up the 57,000-sf building for $4.3 million. The purchase adds to its Bay State portfolio in the MetroWest area.

By Michael Hoban | Updated on January 12, 2005

WESTBOROUGH, MA-Baltic Westborough LLC, an investment group affiliated with Cumberland, RI-based the Baltic Group, has acquired a 57,000-sf office building at 134 Flanders Rd. here for $4.3 million. The seller was MAT Realty Trust, an affiliated entity of Atlantic Tambone LLC. Baltic, which owns a number of office and flex properties in Massachusetts and Rhode Island, including the Lincoln Medical Center in Framingham, is looking to increase its holdings through its new investment group.

“Baltic Westborough LLC is looking for well-located, well-priced properties with growth potential,” Carol Ann Oliver, formerly of Parsons Commercial Group Inc., who brokered the deal for Baltic, tells GlobeSt.com. “[This property] is one of the better quality buildings on Flanders Road and the leasing activity has increased substantially in the Westborough and Marlborough markets recently.”

Developed in 1986 by Atlantic Tambone, the three-story, steel frame and brick masonry class B office sits on 5.8 acres of land. The building, which is located within one mile of the Interstate 495 interchange of Route 9, houses two tenants, Viking Systems, a medical technology firm, and Securitas Security Services USA.

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