Reconverted Mill Building Brings in $5M

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WESTBOROUGH, MA-A Waltham firm has added to its 300,000-sf office and industrial portfolio with the $5.2-million acquisition of a 49,000-sf former textile and manufacturing building here. Eric Brosler of Investment Property Specialists Inc. of Framingham tells GlobeSt.com that the landmark property at 69 Milk St. received “a substantial amount of interest” but sold quickly at full price to Eastport Mill LLC, an affiliate of Eastport Real Estate Services, just one week after it went on the market.

“They went after the property right away and came in at full price,” Brosler says. “It’s a real niche building. If you’re looking for brick-and-beam loft space in Metrowest, this is it.”