(508) 655-5626 info@rwholmes.com

Lab Building Sells for $4.2 million in Natick

Located at 12 Michigan Drive, the 27,000-square-foot lab building was sold by Natick Michigan Investors, LLC for $4.2. Million. 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 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.

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