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R.W. Holmes Completes Sale of Iconic Clark’s Block in Natick for $6 Million

We are proud to announce the successful sale of the historic Clark’s Block at 1-23 Main Street in downtown Natick for $6 million. The property, a well-known landmark since 1872, was sold to Clark’s Block LLC by KIC 2 Summer LLC.

Garry Holmes, President of R.W. Holmes, and Senior VP Craig Johnston led the exclusive sale process, targeting a select group of qualified investors.

“We are really pleased to complete this assignment for our client during what has become a challenging time to be listing office buildings anywhere,” said Garry Holmes. “The building’s strong fundamentals and historic charm played a significant role in attracting several interested buyers.”

Clark’s Block features 61,000 square feet with retail space on the ground level and two floors of office space.
According to Craig Johnston, “We really have to commend the ownership team at Kensington for maintaining the property in such great condition and maintaining a 95% occupancy rate.”

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