News:
Owners Developers & Managers
Posted: July 12, 2024
R.W. Holmes Realty arranges $6 million sale of Clark’s Block at 1-23 Main St. in downtown Natick, MA
Natick, MA R.W. Holmes Realty has completed the sale of the historic Clark’s Block at 1-23 Main St. in downtown for $6 million. The property, a well-known landmark since 1872, was sold to Clark’s Block LLC by KIC 2 Summer LLC.
Garry Holmes, president of R.W. Holmes, and senior vice president Craig Johnston led the exclusive sale process, targeting a select group of qualified investors.
“We are really pleased to complete this assignment for our client during what has become a challenging time to be listing office buildings anywhere,” said Holmes. “The building’s strong fundamentals and historic charm played a significant role in attracting several interested buyers.”
Clark’s Block features 61,000 s/f with retail space on the ground level and two floors of office space.
Johnston said, “We really have to commend the ownership team at Kensington for maintaining the property in such great condition and maintaining a 95% occupancy rate.”
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