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News: Front Section
Posted: April 19, 2024
Gibbons of ABG Commercial Realty facilitates $5.1 million industrial flex building sale
Westford, MA Bernard Gibbons, senior vice president of ABG Commercial Realty, facilitated the sale of 364 Littleton Rd. for $5.1 million. Gibbons served as the sole broker in the transaction.
The property is a 28,500 s/f industrial flex building that is fully leased to a mix of tenants, including Alpha Graphics, National Roofing Company, ADVG Digital, and other local businesses. The sales price translates to $175 per s/f, reflecting the continued strength of the industrial submarket in Eastern Massachusetts.
The buyer of the property was Empire Management. The seller was Ryan Development, a local firm with a substantial retail portfolio, most notably known as the parent company of the casual dining chain, 110 Grill.
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