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Blackey Negotiates the Sale of 1 Tech Circle, Natick for $2.3M

R.W. Holmes recently negotiated the sale of a boutique office/flex building in Natick, MA.

Located at 1 Tech Circle, the 5,871-square-foot standalone office/flex/R&D building was sold by Young Family LLC to The Legasse Group for $2.3 million, or $391.75 per square foot.

R. W. Holmes Managing Director Dean Blackey represented the seller and procured the buyer.

“Small single-story buildings like 1 Tech are becoming increasingly rare in the market, especially ones like this with roughly 25% of tail-board accessible warehouse space combined with higher-end office and showroom space in the front”, said Mr. Blackey. “The Lagasse Group provides high-end home construction, renovation, and customization work, so having a building that could both be utilitarian while providing the image they need for their clientele was essential.”

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