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TA Associates Buys 79,000-SF Flex Asset

FRANKLIN, MA-The eight-year-old building is among the newest located in the community's expansive Forge Park.

By Joe Clements | Updated on September 18, 2007

(Read more on the industrial market.)

FRANKLIN, MA-A single-story commercial property here is under new stewardship, with Realty Associates Advisors LLC paying $10 million for 38 Forge Park. The 79,000-sf flex building had been owned by Patriot/Reading Associates, a local private investment group that paid $8.7 million for the asset in 2001. The building is located in Forge Park, a complex featuring a range of corporate and industrial tenants.

Constructed in 1999, 38 Forge Park offers features found in most modern buildings such as extra power and in-place technology capabilities, plus ample parking and a convenient location just off Interstate 495, according to brokers at Richards Barry Joyce & Partners. The Boston-based real estate services firm marketed 38 Forge Park for the sellers and procured the buyer, an affiliate of TA Realty Associates of Boston.

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