The industrial space is fit on five acres off Route 20 here. The property is currently occupied by Color, Inc., which takes up roughly two-thirds of the building, according to Scott Hughes. The company has made 25 Union its home for the last 17 years, but will be moving into a build-to-suit in February at the end of its lease.
The building can be leased to a single tenant or subdivided, explains Hughes to GlobeSt.com. The industrial building has "18 to 20-foot clear heights" and stands in the "underserved market of Sudbury," Hughes explains. The financing was "traditional" and procured from Wellesley Bank, he continues. The asking price is undisclosed but industrial space in the West 128 submarket goes for $11.43 per square foot, according to Cushman & Wakefield's Q3 report.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
