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R.W. Holmes Sells Waltham Properties for $9,150,000

Posted by Anne on October 20, 2021

Dean Blackey and Elizabeth Holmes of R.W. Holmes Realty Co., Inc. recently completed the package sale of two buildings on Calvary St. in Waltham. 154 Calvary St., a 26,000 SF flex building sold for $4,400,000 and 224 Calvary St., a 29,500 SF flex building sold for $4,750,000, each doubling their selling price from the time of purchase six years ago. R.W. Holmes was brought in to help the seller, Waltham River’s Edge LLC with a portfolio sale and introduced the buyer, btcRE to the Properties.

btcRE has plans to improve both properties making them more modern – 224 Calvary will be improved to have a more modernized brick and beam look while keeping it a flex building with the opportunity to utilize the space as office, R&D, or warehouse space. 154 Calvary will be improved and will remain a flex warehouse building. 

btcRE is a boutique commercial real estate investment and consulting firm. They bring a hands-on, institutional-caliber expertise to revitalize properties. They specialize in purchasing underutilizing, mid-sized commercial properties that are located in dense, urban settings that need a more proactive, hands-on ownership. To date, their portfolio includes properties located within Waltham and Medford.

About R.W. Holmes Realty

Since 1976, R.W. Holmes Realty has assisted corporations and investors/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.

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  • Noteworthy Transactions

    • R.W. Holmes assists Mattress Firm with Massachusetts expansion in 142,000 SF lease in Franklin
    • Boston Dynamics and SnapDragon Chemistry take 75,000 SF of lab/R&D space in Waltham Research Park 214,356 square feet 100% leased
    • R.W. Holmes represents MathWorks in the $16.7M, 107,000 SF acquisition of Cochituate Place, Natick
    • RWH takes 55% leased 130,000 SF Class A Office building to 95% leased at 55 Old Bedford Rd in Lincoln for owner Real Capital Solutions, Denver
    • RW Holmes Fully leases a 67,000-square-foot new spec industrial building at 50 Ryan Drive, Raynham, before completion.
    • R.W. represents MathWorks in Los Angeles, Maryland, and Michigan expansions
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