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58 Worcester Business Journal | Book of Lists 2018 | wbjournal.com F O C U S R E A L E S T A T E Notable commercial sales Ranked by sales price Address Price Area in square feet Buyer/broker Seller/broker 1 30 Superior Drive Natick $75.8 million 178,000 Gramercy Property Trust/NA Scannell Properties/NA 2 43 Glen Meadow Road Franklin $51 million Multifamily 288 units Schochet Cos./NA Equity Residential/CBRE|NE 3 1 Rolling Green Drive Milford $47.6 million Multifamily 301 units Philmor Real Estate Investments/NA Equity Residential/CBRE|NE 4 Marlborough Tech Park 100-700 Nickerson Road Marlborough $46 million 571,915 KS Partners/NA Normandy Real Estate Partners/NA 5 Westborough Office Park 1700, 1800, 1900, 2000 West Park Drive Westborough $40.7 million 394,464 Carruth Capital/NA Equus Capital Partners/CBRE|NE 6 One Beeman Road Northborough $33 million 342,900 TIAA-CREF/Transwestern Consulting Group Stockbridge Real Estate/Transwestern Consulting Group 7 10, 25, 27 Otis St. Westborough $23 million 107,211 Brookfield Office Properties/NA TA Realty/HFF Inc. 8 100 Adams Road Clinton $20.5 million 345,774 NorthBridge Partners/NA Hackman Capital Partners/Jones Lang LaSalle 9 161 W. Mountain St. Worcester $16.5 million Multifamily 156 units Beacon Communities LLC/NA John M. Corcoran & Co./CBRE|NE 10 Courtyard Marriott 72 Grove St. & 65 Prescott St. Worcester $16 million 75,339 Blackstone Real Estate Income Trust Inc./NA XSS Hotels/CBRE|NE 11 50 Independence Drive Devens $15 million 236,505 Atlantic Management Corp./NA Oaktree Capital Managemenr, Calare Properties/CBRE 12 111 Adams Road Clinton $14.5 million 459,696 GFI Partners/NA Hackman Capital Partners/The Stubblebine Co. 13 1-5 Sassacus Drive Westborough $13 million 163,823 Brookfield Office Properties/NA TA Realty/NA 14 5 Neponset Worcester $10.5 million 120,000 Reliant Medical Group/Kelleher & Sadowsky Simon Realty/Newmark Knight Frank 15 144 Turnpike Road Southborough $10.1 million 99,835 LNR Partners/NA Starwood Property Trust/JJManning Auctioneers 16 125 Fisher St. Westborough $10 million 198,000 Neo Technologies/Cushman & Wakefield Rand-Whitney Group/Transwestern Consulting Group 17 100 Nagog Park Acton $9.25 million 105,000 Insulet Corp./Jones Lang LaSalle Gutierrez Co./NA 18 397 Williams St. Marlborough $9 million 130,000 China-U.S. Boston Innovation Center/NA Novaya Real Estate Ventures/NA 19 77 Main St. Hopkinton $8.6 million 55,000 Blakeley Investment Co./SVN Parsons Commercial Group Boston Thomson Realty LP/SVN Parsons Commercial Group Boston 20 2,4, 5 Mount Royal Ave. Marlborough $8.6 million 160,000 CB Equities of NE/R.W. Holmes Realty Mount Royal Association/R.W. Holmes Realty 21 100 Century Drive Worcester $7.8 million 81,500 Worcester Behavioral Innovations Realty LLC/NA WCS-100 Century Drive Inc./Kelleher & Sadowsky 22 289 Great Road Acton $7.6 million 84,351 Lexington Management Corp./NA Campanelli Cos., TriGate Capital/Avison Young 23 45 North St. Fitchburg $7.6 million Multifamily 35 units Massachusetts State College Building Authority/NA MutualOne Bank/NA 24 129, 131, 133, 135 Flanders Road Westborough $7 million 105,572 Brownfields Recovery Corp./NA Normandy Real Estate Partners/CBRE|NE Like in previous years, the biggest transactions in Central Massachusetts in the past year have been a mix of large resi- dential complexes, office build- ings and industrial buildings. What does change is the large amounts at or near the top of the list that can sometimes raise eyebrows. This year, the top sale was a FedEx distribution center in Natick at $75.8 million. Shipping also accounted for the sixth-highest sale, a $33-million transaction in Northborough, and the eighth-highest, a $20.5-million deal in Clinton. Three of the top 10 were res- idential complexes: the Glen Meadow Apartments in Franklin sold for $51 million, the Rolling Green Apartments in Milford went for $47.6 million, and the Stratton Hill Park development in Worcester sold for $16.5 mil- lion. This year's list doesn't include as many well-known properties as have appeared at or near the top in the past. Last year, for example, the top sale was AvalonBay's sale of a Shrewsbury apartment com- plex to Audubon, creating the rebranded Audubon Shrewsbury apartments. The Greendale Mall also sold at a relative bargain- basement price of $11.8 million. In 2016, White City, the Shrewsbury shopping complex, sold for $97 million. Another shopping center, Wayland Town Center, sold for $68 million. Those transactions helped tally a total of $394 million in deals among the top 10 that year. Last year took a sharp dive with only $197 million in the top 10. This year had a spike, based in large part on MetroWest properties, which occupied the top seven slots. The total: $370 million. - Grant Welker Top commercial sales total $370M The Greendale Mall