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70,000 SF Multi-Tenant Flex Property Sold in Billerica for $6.975 Million

We are pleased to announce the successful sale of two multi-tenant flex buildings totaling 70,000 square feet at 144-154 Rangeway Road in Billerica, MA, for $6,975,000.

R.W. Holmes was exclusively retained by the seller, D&B Rangeway Realty Trust, to run a process that involved direct outreach to a select group of local, industrial real estate focused investors. This approach generated strong interest and multiple competitive offers, resulting in a successful sale to Juniper LLC, a Boston-based real estate investor and developer.

“These buildings have tremendous market potential, and we’re thrilled to have navigated the sale to a successful close,” said Mike Ogasapian, Senior Vice President at R.W. Holmes, who managed the sale and procured the buyer. “We look forward to assisting Juniper in future leasing endeavors on the asset as they work to transform the property into a first-class asset.”

Noteworthy Transactions

Albemarle Gardens, a 112-unit multifamily community in Newton, MA, sold for $29,550,000

Mattress Firm expands in Massachusetts with a 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 making Waltham Research Park 100% leased

R.W. Holmes represents MathWorks in the $16.7M, 107,000 SF acquisition of Cochituate Place, Natick

R.W. Holmes 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

R.W. Holmes fully leases a 67,000-square-foot new spec industrial building at 50 Ryan Drive, Raynham, before completion

R.W. Holmes represents The MathWorks in Los Angeles, Maryland, and Michigan expansions

Sold 2 & 3 Apple Hill, Natick for Met Life $50,000,000

R.W. Holmes Realty represents Coca-Cola in securing a new 90,000 SF building in Westborough

Sold 403 acres of land for Alstores Realty Corporation to Paramount Development (subsidiary Perini Corp.) which was developed as the Raynham Woods Commerce Center