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Lab Building Sells for $4.2 million in Natick

Posted by Anne on November 14, 2022
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WAYLAND, MA–R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, today announced that it recently negotiated the 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 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, RW 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 that 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.

About R.W. Holmes Realty  
  
Based in Wayland, MA, R.W. Holmes is consistently ranked as one of the largest commercial real estate brokerage firms in Massachusetts. Founded in 1976, R.W. Holmes assists companies—from startups to Fortune 500—investors, owners, and 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. To learn more, visit www.rwholmes.com.  

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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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