Issue link: https://nebusinessmedia.uberflip.com/i/1072353
20 Worcester Business Journal | January 21, 2019 | wbjournal.com F O C U S C o m m e r c i a l R e a l E s t a t e Notable commercial sales in 2018 Ranked by sales price Notable commercial sales in 2018 Ranked by sales price Address Price Area in square feet Buyer/broker Seller/broker 1 The Point at Marlborough, 21 Austen Way Marlborough $65 million NA (a) Pantzer Properties/NA Strategic Partners U.S./NA 2 Rotmans' distribution center, 100 Adams St. Clinton $27.8 million 344,000 (b) Marcus Partners/NA NorthBridge Partners/NA 3 190 Mechanic St. Bellingham $25.1 million 210,700 TH Real Estate/NA Guggenheim Real Estate/CBRE|NE 4 64 Jackson Road Devens $23 million 355,000 64 Jackson LLC/NA AMSC/NA 5 FedEx freight facility, 300 Bartlett St. Northborough $19 million 1,001,880 (c) NorthBridge Partners of Wakefield/NA Columbia Property Investors/NA 6 120 Front St. (d) Worcester $14.9 million 646,000 Chip Norton/NA Undisclosed/NA 7 Harr Motor Group dealership, Gold Star Blvd. Worcester $14.3 million 479,160 MG Gold Star Realty LLC/NA Charles Ribakoff/NA 8 959 Concord St. Framingham $13.3 million 75,996 Casey Brothers Trust/NA Colony Capital/Jones Lang LaSalle 9 150, 200 Donald Lynch Blvd. Marlborough $13.1 million 126,000 Minardi LP/Kelleher & Sadowsky Pondview JV Owner LLC/NA 10 100 Simplex Drive Westminster $13 million 700,000 NIP Owner IV LLC/NA 100 Simplex LLC/The Stubblebine Co. 11 Retail plaza, U.S. Route 9 Shrewsbury $12 million 110,000 Shrewsbury Crossing II LLC/NA KSI 481 LLC/NA 12 Holiday Inn, 265 Lakeside Ave. Marlborough $10.9 million NA (e) Spire Hospitality of Illinois/NA MF Investment Co./NA 13 753 Forest St. Marlborough $10.1 million 75,000 Nashoba Realty Trust/NA Calare Properties/Avison Young 14 33 New York Ave. Framingham $9.65 million 91,452 King Street Properties/Jones Lang LaSalle Gatehouse Media/Jones Lang LaSalle 15 38 Forge Parkway Franklin $9.2 million 79,478 Novaya Real Estate Ventures/NA TA Realty/Jones Lang LaSalle 16 261 Cedar Hill St. Marlborough $8 million 59,404 Nashoba Realty Trust/NA Calare Properties/Avison Young 17 16 Forge Parkway Franklin $7.93 million 120,000 Condyne Capital Partners/NA TA Realty/Jones Lang LaSalle 18 Sturbridge retail plaza, 178 Main St. Sturbridge $7 million 653,400 (f) Dragonfly Ibis Sturbridge LLC/NA EDENS/NA 19 1 Cabot Road Hudson $6.93 million 69,272 Creative Cabot LLC/R.W. Holmes Realty K&L Realty Inc./R.W. Holmes Realty 20 10 Trotter Drive Medway $6.6 million 120,000 Spencer Technologies/Jones Lang LaSalle Cybex International/CBRE|NE 21 Boston Post Road, U.S. Route 20 Marlborough $6.3 million 20,000 (g) CH Retail Fund II/Boston Marlborough Shops LLC/NA Marlborough/Northborough Land Realty Trust/NA 22 88 Huntoon Memorial Highway Leicester $6.15 million 180,000 East Coast Organics/Kelleher & Sadowsky RDJ Realty LLC/Kelleher & Sadowsky 23 5,7,9 Latti Farm Road Millbury $5.6 million 178,000 Undisclosed/A. Murray Real Estate LLC Boston Globe Properties LLC/Kelleher & Sadowsky 24 175 Millwood St. Framingham $5.5 million 3,001,284 (h) Millwood Residential LLC/NA Millwood Farms Golf Course Inc./New Dover Associates Inc. 25 2200 W. Park Drive Westborugh $5.2 million NA (i) Carruth Capital/NA PNC Financial Services of Pittsburgh/NA 55 61 Brigham St. Marlborough $1.7 million 24,000 Empire Management Corp./NA Marlboro Brigham LLC/O'Brien Commercial Properties 56 304 Turnpike Road Southborough $1.6 million 8,880 Falco Investments LLC/Greater Boston Commercial Properties Undisclosed/Greater Boston Commercial Properties 57 215 Ayer Road Harvard $1.6 million 6,800 (o) 215 Ayer LLC/NA Harvard Associates LLC/Touchstone Commercial Partners 58 786 Hartrford Turnpike Shrewsbury $1.56 million 10,892 Ransford Environmental Solutions/NA Foley Realty Trust/Greater Boston Commercial Properties 59 288 Grove St. Worcester $1.55 million 40,000 Timothy Rassias/NAI Glickman Kovago & Jacobs David Granquist/NAI Glickman Kovago & Jacobs 60 82 Huntoon Memorial Highway Leicester $1.53 million 36,000 Rick Uras/NA Minuteman Packaging Corp./Kelleher & Sadowsky 61 121 Higgins St. Worcester $1.5 million 31,200 O'Hara & Buthray Associates/Kelleher & Sadowsky Harold Slovin Trust/NA 62 3-5 Rugby St. Worcester $1.48 million 15,151 Wayne Hicks/Coldwell Banker Murray Rugby Street LLC/NAI Glickman Kovago & Jacobs 63 6 H Putnam Road Charlton $1.45 million 20,000 DG Mashal Associates/NAI Glickman Kovago & Jacobs JTM Realty Trust/NAI Glickman Kovago & Jacobs 64 35 Hastings St. Mendon $1.3 million 348,480 (p) Hastings Street Plaza LLC/NA Dawn Phaneuf and Russell Brown/NA 65 17 Washington St. Auburn $1.3 million 92,347 (q) Bees LLC/Bushari Real Estate 151 Hartford Turnpike LLC/NAI Glickman Kovago & Jacobs 66 79-81 Gold Star Blvd. Worcester $1.25 million 10,930 Lisciotti Development/NA Girl Scouts of Central Mass./NAI Glickman Kovago & Jacobs 67 108-118 Great Road Stow $1.2 million 17,000 Summer Street Properties LLC/O'Brien Commercial Properties 108 Great Road Properties LLC/NA 68 80-82 Northboro Road Marlborough $1.18 million 7,233 ACF Northboro Realty LLC/NA BPR Equity Partners LLC/O'Brien Commercial Properties 69 211 Shrewsbury St. West Boylston $1.17 million 27,696 DeWolfe Contracting/A&E Realty 211 Shrewsbury St. LLC/NAI Glickman Kovago & Jacobs 70 315-317 Southwest Cutoff Worcester $1.1 million 11,000 ABS Real Estate LLC/NA 315-317 Southwest Cutoff Trust/A. Murray Real Estate LLC 71 3-3A Industrial Drive Shrewsbury $1.1 million 8,000 3 Industrial Drive LLC/SVN Parsons Commercial BKL Development LLC/A. Murray Real Estate LLC 72 40 Southville Road Southborough $1 million 8,000 Mass Venture Properties Group LLC/Greater Boston Commercial Properties 40 Southville Road LLC/NA Sources: Commercial real estate brokerage firms, news reports and land records for 2018. Notes: Sales where neither the buyer nor seller could be confirmed are not included.For the full list of more than 70 commercial sales, see WBJ's 40 1 Union St. Clinton $3.4 million 80,000 JSB Union LLC/New England Commercial Realty Advisors Undisclosed/NA 41 30 Speen St. Framingham $3.3 million 40,500 Calare Properties/NA American Cancer Society/CBRE|NE 42 29 Everett St. Holliston $3.23 million 53,110 29 Everett Street LLC/AIS 29 Everett LLC/R.W. Holmes Realty 43 Parkview Apartments, 46 Barnes Ave. Worcester $3.2 million 37,000 97 School St. LLC/NA Hanan Bahnassi/NA 44 291 Turnpike Road Westborough $3.13 million 10,000 291 Turnpike LLC/Greater Boston Commercial Properties Baltic Turnpike LLC/SVN Parsons Commercial 45 545, 542, 554 Main St. Worcester $2.9 million 77,000 554 Main Street Partners LLC/NA Frank Carroll/NA 46 56 Lowland St. Holliston $2.83 million 44,580 Tech Trust LLC/Metro West Commercial Real Estate FlexHead Industries Inc./Greater Boston Commercial Properties 47 9-11 Beaverbrook Road Littleton $2.75 million 45,000 Lexvest Group LLC/O'Brien Commercial Properties Program Test Sources/NA 48 957 Boston Turnpike Shrewsbury $2.7 million 688,248 (l) Landscape Depot/NAI Glickman Kovago & Jacobs John Lebeaux/NAI Glickman Kovago & Jacobs 49 1029-1041 Main St. Worcester $2.7 million NA (m) Landmark Apartments LLC/NA Salisbury Worcester LLC/NA 50 1 Exchange St. Worcester $2.5 million 60,000 BradyMac Capital Advisory/NA Maykel family/NA 51 39 Main and 8 Depot Square Leominster $2.4 million 26,205 Peter Fondini and Frank Lallos/Kelleher & Sadowsky Lacee Beaulieu/NA 52 104 Otis St., Units 21-28 Northborough $2.18 million 27,185 LT Otis LLC/NA KJG Otis Street LLC/New Dover Associates Inc. 53 445 Whitney St. Northborough $2.15 million 22,000 (n) Hosokawa Alpine American/NA N&B Realty/NA 54 18 Chestnut St. Worcester $1.9 million 300,000 Chestnut Street Properties LLC/NA Paul Revere Life Insurance Co./NA