Southborough Massachusetts– December 22nd, 2023 – SVN® | Parsons Commercial Group | Boston has completed the sale of a ±43,000 square foot flex building at 337 Turnpike Road in Southborough, Massachusetts for $5.1 Million.
VP | Investment Sales, Victor Galvani and Advisor, Matt Cuneo of SVN® | Parsons Commercial Group | Boston represented both the Buyer, Walker Development and the Seller, Trask Development in the transaction.
337 Turnpike has tremendous value-add upside through lease up. Currently there is ±24,185 square feet of vacancy; ±15,915 square feet of low bay industrial space and ±8,270 square feet of office space. These spaces can be subdivided into smaller spaces diversifying the tenant base.
“It was a pleasure working with Trask and Walker Development on this transaction. Everyone involved worked together and the result was a seamless ownership transition. We’d like to congratulate both parties and thank everyone for their collective efforts” said Galvani from SVN | Parsons Commercial Group | Boston.
Walker Development intends to utilize a portion of the building as its new corporate headquarters. The remainder of the building is either leased or available for lease. SVN Parsons Commercial Group will stay on as the leasing agent.
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 2,200 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svnpcgboston.com.