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36 Worcester Business Journal | Book of Lists 2023 | wbjournal.com F O C U S R E A L E S T A T E Notable commercial sales Ranked by sales price ((11)) Property Price/ square footage Property type Buyer/ seller Listing broker 1 149 Hayes Memorial Drive Marlborough Discovery Center Marlborough $91,000,000 140,000 Flex Moderna Oxford Properties Group JLL 2 5 Woodview Way Halstead Hopkinton Hopkinton $82,500,000 306,464 Multi-family The DSF Group Blackstone Inc. N/A 3 25 Research Drive Westborough $32,000,000 282,028 Office Alexandria Real Estate Equities Inc. Broadstone Real Estate N/A 4 80 South St. Hopkinton $22,000,000 157,852 Flex Hopkinton Industrial Realty Trust Oliver Street Capital N/A 4 10 Technology Drive Hudson $22,000,000 N/A Retail CFP Hudson LLC NNM Realty Trust N/A 6 4 Technology Drive (2) Westborough Technology Park Westborough $21,381,320 133,672 Office Eversource Energy Services Co. Ferris Development Group LLC CBRE 7 1224 Worcester Road (3) Framingham Plaza Framingham $19,673,044 69,551 Retail (4) Orion Real Estate Group (5) AR Global Investments LLC Atlantic Retail 8 5400 Computer Drive DoubleTree by Hilton Hotel Boston Westborough Westborough $15,020,197 215,042 Hospitality Magna Hospitality Ultima Hospitality N/A 9 75 Fortune Blvd. (2) Milford $14,000,000 65,000 Industrial Nitto Denko Avecia Inc. Consumer Auto Parts RW Holmes Realty Co. Inc. 10 77-79 Arlington St. Arlington Commons Framingham $13,615,000 41,925 Multi-family Arx Urban SMG Inc. Horvath & Tremblay 11 50 D'Angelo Drive 495 Tech Center West Building I Marlborough $13,500,000 80,654 Flex JB Capital Management Lincoln Property Co. N/A 12 101-107 Scott Drive Leominster $12,400,000 179,141 Industrial New England Wire Products Spectro Coating Corp. The Stubblebine Co. 13 53 Jackson Road Devens Business Park Ayer $11,000,000 58,000 Industrial REALM Xinetics N/A 14 3000 Green District Blvd. The Green District Phase 2 Marlborough $10,800,000 N/A Land The Carlyle Group Post Road Residential Inc. N/A 15 653 Worcester Road Walgreens Framingham $10,150,508 23,703 Retail (4) New England Realty Associates LP Walgreens N/A 16 244 Worcester St. (6) Grafton $9,200,000 N/A Industrial Churchill & Banks Wyman Gordon N/A 17 927 Merriam Ave. (3) Twin City Mall Leominster $9,126,481 105,804 Retail (7) Long Wharf Capital LLC Geronimo Properties Inc. N/A 18 555 Main St. Hudson $7,500,000 107,000 Industrial Kassin Sabbagh Realty Lowfield Realty Group Kassin Sabbagh Realty 19 425 Whitney St. I-290 Industrial Park Northborough $6,700,000 45,000 Industrial Calare Properties Inc. STERIS N/A 20 975 Merriam Ave. (3) Twin City Mall Leominster $6,655,635 52,060 Retail (7) Long Wharf Capital LLC Geronimo Properties, Inc. N/A 21 817 Worcester St. Natick $6,000,000 28,808 Retail Village Auto Group Richard J Gill N/A 22 502 Washington St. (3) Auburn $5,837,937 5,552 Retail Realty Income Corp. (8) Cumberland Farms N/A 23 410 Great Road Littleton Mill Littleton $5,300,000 174,240 Flex Lupoli Cos. Flores Family Trust The Stubblebine Co. 24 146 Whalon St. (3) Twin City Mall Fitchburg $4,795,736 46,699 Retail (7) Long Wharf Capital LLC Geronimo Properties Inc. N/A Sources: CoStar, public property records and press releases. Note: N/A=not available. (1) Deals completed between Jan. 1, 2023 and May 31, 2023 were considered for this list. (2) Part of multi-property sale (3) Part of portfolio (4) Neighborhood center (5) Sold the property on June 6, 2023 to RK Centers for $17.4 million (6) Proposed 331,700-square-foot warehouse expected to employ 300 total employees with 180 working on the largest estimated shift; building will feature 65 loading docks. (7) Community center (8) In May 2023, Calif.-based Realty Income Corp. purchased 14 Cumberland Farms properties for a total of $72.7 million in Athol, Auburn, Brookfield, Grafton, Hardwick, Lancaster, Leicester, Northborough, Pepperell, Southborough, Sturbridge, Templeton and Westminster. These transactions are part of a $1.5-billion sale-leaseback deal with United Kingdom-based EG Group, the parent company of Cumberland Farms of Westborough. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com