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R.W. Holmes Brokers Sale of Boutique Industrial/Flex Building in Burlington

R.W. Holmes recently negotiated the sale of a boutique industrial/flex building in Burlington, MA, to Hub Building Maintenance.

Specializing in a broad range of building maintenance services for commercial and residential properties, Hub Building Maintenance acquired the 5,500-square-foot building for $1,845,000. Located at 5-7 Ray Avenue, the property was previously owned by Harry and Gail Spatz.

“Hub Building Maintenance has been rapidly growing in the Greater Boston area and had been searching for the right building of this size for over a year,” said R.W. Holmes Vice President Mike Ogasapian, who represented the buyer in the transaction. “5-7 Ray posed the perfect opportunity to own a single-story building of the right size along the Route 128 corridor.”

Ben Gatti, Executive Vice President of Greater Boston Commercial Properties, represented the sellers.

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