The 495/Metrowest Team of R.W Holmes, Sells Mount Royal Office Park, Marlborough for Haynes Management – $8.55 M
The 495/Metrowest team of Craig Johnston, Garry Holmes and Jim Bartholomew of R.W. Holmes Realty, announced it has completed the sale of Mount Royal Office Park in Marlborough, MA on behalf of Haynes Management. Mount Royal Office Park is comprised of three (3) separate office buildings totaling approximately 160,000 SF conveniently located at the interchange of Route 20 and I-495.
The Buyer (CB Equities Mt Royal, LLC) plans major renovations including new exterior front façade improvements, new signage, and updated fitness center with showers and attractive common areas with a club room. The new owner will occupy a portion of the building and plans to lease out suites from 1,600-20,000 SF. The renovations should be starting in thirty days and will take six months to complete. The Park will be renamed Knowledge Park @ Marlborough.
R.W. Holmes Realty Co., Inc. represented the owner, Mount Royal Associates, II LP (entity of Haynes Management Inc.,) and procured the buyer.
About R.W. Holmes Realty
Since 1976 R.W. Holmes Realty has assisted corporations and investor/developers with their local, national and international real estate needs. R.W. Holmes specializes in property leasing, investment sales, tenant representation, consulting and asset management. www.rwholmes.com