Franklin, MA – May 15, 2023 – Two prime land lots, located at 700 & 712 Union Street in Franklin, MA, totaling 2.60 acres, have been sold for $1,470,000. The seller, 750 Union Street LLC, and the buyer, Primrose Schools®, have finalized the transaction, marking a significant milestone in the region’s commercial real estate market.
Primrose Schools® is a distinguished national system of accredited private preschools renowned for delivering premier early education and childcare experiences for children and families. With a commitment to excellence, Primrose Schools® is poised to enhance the educational landscape in Franklin, MA, through the development of a state-of-the-art childcare facility encompassing approximately 14,000 square feet and an outdoor play area.
The transaction was facilitated by brokers Marilyn Santiago, Matt Quinlan, and Alex Berger of SVN® Parsons Commercial Group – Boston, representing the seller, 750 Union Street LLC. On the buyer’s side, Sam Peterson and Andrew Bonica of Eastern Retail Properties provided expert representation for Primrose Schools®.
The location of the property, formerly utilized as an outdoor facility for Boston Sports Club, presented an ideal opportunity for Primrose Schools® to establish its presence in Franklin, MA. The strategic acquisition aligns with Primrose Schools®’ mission to provide high-quality early education and childcare services in vibrant communities.
“We are thrilled to announce the successful sale of the land lots at 700 & 712 Union Street in Franklin, MA, to Primrose Schools®,” stated Marilyn Santiago, Senior Commercial Real Estate Advisor at SVN® Parsons Commercial Group – Boston. “This transaction underscores the growing demand for premium educational facilities in the region and reflects the strength of the commercial real estate market.”
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About SVN® Parsons Commercial Group – Boston
SVN® Parsons Commercial Group – Boston is an independently owned and operated SVN® office located in Natick, MA. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development, and construction management services. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creative value for clients, colleagues, and communities. Currently SVN® comprises over 2,200 advisors and staff working in more than 200 offices across the globe. For more information visit: www.svnpcgboston.com