Fahy, Holmes and Blackey of R.W. Holmes handle $13.85 million sale of 99,000 s/f industrial building

Canton, MA R.W. Holmes has completed the sale of a 99,000 s/f industrial building for $13.85 million.

R.W. Holmes’ broker, Mike Fahy along with Elizabeth Holmes, director of corporate services, and Dean Blackey, managing director, were hired by the seller, Berry Holdco, LLC, to advise on their real estate strategy and ultimately sell the property. R. W. Holmes was also responsible for procuring the buyer in this transaction. 

Located at 50 North St., the building was purchased by Seyon Group Acquisitions, LLC, a premier real estate investment firm specializing in industrial real estate within top-tier Northeast markets.

The building will remain occupied by the original tenant, H.T. Berry. The one-story building was originally built by H.T. Berry in 1977, with subsequent additions made over the years.

“It was a pleasure advising Berry Holdco through their real estate strategy and working with Seyon Group on this transaction. We are thrilled to have the building in such good hands,” said Fahy. “Investors are eager to find opportunities in this size range that have cash flow today with an existing single tenant but allow for upside in rent and potential subdivision in the future.”