
Webster, MA Nishan Papazian of Greater Boston Commercial Properties Inc. sold 195-199 Thompson Rd. a 3,840 s/f flex building on 2.9 acres. This sale represents a sale price of over $152 per s/f.
Earlier in the year Papazian sold 57 Florence St. in Marlborough, a flex building with a sale price of over $142 per s/f.
Both buyers are users that will occupy the spaces and bring their businesses to these respective towns.
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