Framingham, MA MetroWest Commercial Real Estate brokers Marlene Aron and Cheryl Tully Stoll have completed several transactions. These include the sale of a 840 kW solar farm on 3.21 industrial zoned acres for $1.95 million. The property is located on Rte. 135 at 721 Waverly St. Aron, the lead broker for the transaction, will represent the new owners who will operate the solar farm and build a 100,000 s/f industrial building on the site. Aron will handle the leasing for the new building. The existing solar panels will be placed on top of the new building after its construction.
The other deals included the sale of a 4,924 s/f office building at 281 Pleasant St. for $632,000 to Jeff’s Place; the sale of a three-story Victorian office building at 64 Lexington St. for $295,000 to an investor completing a 1031 tax deferred exchange as well as the sale of a two family home at 159-161 Walnut St. for $495,000 that was purchased with FHA financing.
Tully Stoll said, “Despite the pandemic, we’re seeing a robust commercial real estate market. Financing continues to be available and we are working on three large pending Framingham sales; the former Marian High School, the former Angry Ham’s Restaurant site and three contiguous lots in the Central Business District as well as numerous other projects.”