Boutique Lab/Office building in Natick sells for $4.2MM
Sale of a boutique Lab/Office building in Natick, MA, for $4.2 million
Located at 12 Michigan Drive, the 27,000-square-foot lab building was acquired by Copley Investments and sold by Natick Michigan Investors. R.W. Holmes Senior Vice President Craig Johnson, Managing Director Dean Blackey, and Director of Corporate Services Elizabeth Holmes represented both buyer and the seller.
“We have seen a considerable uptick in demand for flex and lab buildings across Greater Boston submarkets,” said Mr. Blackey. “We have been fortunate to be involved with several significant transactions in Natick in recent months.
Along with this sale, R.W. Holmes recently negotiated the sale of two other Natick properties, 13 Tech Circle and 24 Superior Drive. Located in East Natick Business Park, 13 Tech Circle is an 11,100-square-foot office/flex building sold for $3.99 million, or $360 per square foot. In addition, 24 Superior Drive, a five-story building with 107,300 square feet of office space, sold for $17.59 million.