
Chelmsford, MA Greater Boston Commercial Properties, Inc., has completed the sale of a 14,800 s/f office property located at 229 Billerica Rd. Tyler DeWolfe and Ben Gatti of Greater Boston Commercial Properties, Inc. represented the seller in the transaction.
The asset was sold for $2.45 million, which at $165 per s/f is an exceptional number for office space achieved by Greater Boston Commercial Properties in this post-COVID market.
The two-story office building includes a 7,400 s/f covered parking garage beneath the main structure, offering tenants both convenience and functionality in a high-traffic corridor of Chelmsford.
“Located just off Rte. 3, the property offers easy access to major highways, making it a strategic investment in the Greater Boston market,” said Gatti.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and