Hopkinton, MA SVN | Parsons Commercial Group | Boston completed the sale of 77 Main St., a 55,000 s/f office building for $8.6 million. Victor Galvani represented the seller, Thomson Realty LP, and Garrett Quinn represented the buyer, Hopkinton Business Center, LLC.
Located on Rte. 135, 77 Main St. is a fully leased office building built in 2000. The building has a variety of tenants including a dental office, a jewelry store, and a specialized planning and construction company that occupies the entire third floor.
In 2015, SVN was hired as the exclusive listing broker for lease. After bringing the property to 100% occupancy, SVN was approached by ownership to begin the process of positioning the asset for sale.
“This is a stabilized asset with a strong tenant base and long-term leases,” said Galvani. “In addition, having a sophisticated buyer and seller made this a seamless transaction.”
SVN Parsons Commercial Group is a commercial real estate firm based in Framingham, Mass.
The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development, and construction management services.
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