BOSTON—The Boston suburban commercial property sales market is heating up with three notable recent trades, each involving transactions totaling more than $40 million.
The deals involve office and industrial flex space in Westborough, the Tewksbury area and North Reading. The first recent trade is the Westborough Office Park, a more than 90% occupied 384,000-square-foot Class A office park in Westborough that was sold by Equus Capital Partners to Carruth Capital for $40.74 million.
The office park is comprised of four buildings (1700, 1800, 1900, and 2000 West Park Drive) and is situated on 46 acres of land at the intersection of Interstate 495 and Route 9. CBRE New England's Dave Pergola and Brian Doherty represented the seller and procured the buyer in the transaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
