O'Brien Commercial Properties completes two sales totaling $2.8m
O'Brien Commercial Properties recently comeplted three transactions:
* MIG Corp., Inc. has purchased 9 Otis St., Westborough for $1.95 million. The parcel consists of a 36,000 s/f industrial building on 49 acres of land. Joel Aho and David Curley of O'Brien Comm'l. represented the seller and directly procured the buyer for the property.
* Paul Mulroy, senior associate at O'Brien Comm'l., recently completed the leasing efforts at 275 Billerica Rd. in Chelmsford. The tenant, Pro AV Systems has leased 12,740 s/f of office and warehouse space. Mulroy represented the landlord, Shaimus LLC, and directly procured the tenant. The 55,000 s/f building is now home to two local businesses and a church.
* O'Brien Comm'l. negotiates the sale of 77 Powder Mill Rd. in Acton for $850,000. The seller, Concord Land Company LLC was represented by Eric O'Brien, president at O'Brien Commercial, while the buyer, ACD Lee Investments LLC, was represented by Mulroy. The multi-tenant property which skirts the Assabet River was in excellent condition, sold 80% leased. O'Brien is in negotiations with a tenant and buyer to take over the remainder of the building at this time.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in