Bret O'Brien of Greater Boston Commercial Properties, Inc. (GBCP) represented the buyer Planet Aid in the purchase of 289 Elm St. The property consists of a 135,000 s/f single story manufacturing building on 7.62 acres of industrial zoned land. The seller Creative Development was represented by Craig Johnston and John Eysenbach of RW Holmes. Planet Aid purchased the building for $1.25 million in order to relocate its regional distribution hub from 1 Cross Street in Holliston which it had outgrown in recent years.
In addition, Benjamin Gatti of GBCP recently represented Sandra & Anthony Antico Real Estate, LLC in the purchase of 289 Elm St., an 80,000 s/f industrial building in Marlborough. The building sits on 6 acres of land. The buyer also acquired an additional 12 acres adjacent to the property for future commercial development. The total purchase price for the building and the land was $2.9 million. The buyer plans to occupy 10,000 s/f for his sprinkler company, A.J. Antico Irrigation Systems.
The seller, Marlborough Elms, LLC was represented by David Curley of O'Brien Commercial Properties, Inc. The seller is leasing back 21,040 s/f for his used furniture company, The Bottom Line Exchange. Other tenants in the building include Bunker Floor Supply, which occupies 25,000 s/f and Mass Athletics, LLC, which just leased 4,000 s/f for their batting cages.