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Haverhill Flex building sells for $3.4MM

Located at 242 Neck Road, the building was acquired by Richardson Green, Inc. R.W. Holmes Vice President Jim Bartholomew represented the seller and procured the buyer.

Built in 1965 and renovated in 1986, the property has 75 surface parking spaces and is 100 percent occupied—the 22,541 SF building sold for $3.4 million.

“This Flex/Industrial building offers quality long-term tenants with excellent access to the Interstate System,” said Bartholomew. “We found the perfect buyer for this stabilized asset in Richardson Green, a local, long-term owner who recognized the value of the building.”

  

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