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News:
Owners Developers & Managers
Posted: May 17, 2019
O’Brien and Caron of Greater Boston Commercial Properties broker $4.1 million sale of 241 Boston Post Rd. West
Marlborough, MA Bret O’Brien and Kyleigh Caron of Greater Boston Commercial Properties, Inc. recently brokered the sale of a 24,710 s/f office building at 241 Boston Post Rd. West. The purchase price of $4.1 million represents $166 per s/f. This relatively high number per s/f is the result of the scarcity of this type of office property for sale in I-495 West and underscores the exciting deal velocity in this submarket, although not the highest recent price in town where 225 Cedar Hill St. sold last month at $195 per s/f. The two-story building is built with parking underneath on a one acre lot.
The buyer, 62 Realty LLC, is an affiliate of The Davis Cos. which is a staffing company that offers opportunities to job seekers and client companies alike. The Davis Cos. will occupy the entire first floor, and an existing tenant, TriMech Solutions, LLC, will continue to occupy the entire second floor.
Greater Boston Commercial Properties, Inc. represented the buyer and was the sole broker of record, securing this off market property for its’ client.
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