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Owners Developers & Managers
Posted: November 10, 2017
Johnston, Holmes and Bartholomew of R.W. Holmes broker $8.55 million sale
Marlborough, MA The 495/Metrowest team of Craig Johnston, Garry Holmes and Jim Bartholomew of R.W. Holmes Realty, has completed the sale of 2, 4 & 5 Mount Royal Office Park on behalf of Haynes Management for $8.55 million. Mount Royal Office Park is comprised of three separate office buildings totaling 160,000 s/f, located at the interchange of Rte. 20 and I-495.
The buyer (CB Equities Mt Royal, LLC) plans major renovations including new exterior front façade improvements, new signage and updated fitness center with showers and attractive common areas with a club room. The new owner will occupy a portion of the building and plans to lease out suites from 1,600-20,000 s/f. The renovations should be starting soon and will take six months to complete. The park will be renamed Knowledge Park @ Marlborough.
R.W. Holmes Realty Co., Inc. represented the owner, Mount Royal Associates, II LP (entity of Haynes Management Inc.) and procured the buyer.
Since 1976 R.W. Holmes Realty has assisted corporations and investor/developers with their local, national, and international real estate needs. R.W. Holmes specializes in property leasing, investment sales, tenant representation, consulting, and asset management.
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