Littleton MA James and Micah Stubblebine, principals of The Stubblebine Company represented FFD LLC, an entity controlled by The Foster Family of Portland, ME, in the sale of 537 Great Rd. They also directly procured 537 Great Road Realty Trust, a trust controlled by John McKenna and Joseph Bozek. According to the registry of deed the sale price was $1.7 million.
For over 10 years, the property was occupied by Hitec Sensors before they expanded and moved to 33,000 s/f in Chelmsford, Mass. (a transaction also handled by Stubblebine Co).
According to James Stubblebine said, “We are thankful for the long-standing relationship we have had with Craig and Marc Foster and are completely satisfied that a quality investment group has secured the building. The buyer chose this property because of its close proximity to both the I-495/Rte. 2 and the amenities at The Point, and the flexible nature of the building, ideal for office, flex and industrial.”
Established in 1987, The Stubblebine Co. specializes in selling and leasing industrial and flex properties and adaptive re-use sites in the Greater Boston area.