ABG Commercial Organizes $22M Sale of Watertown Industrial Center
January 28, 2021
ABG Commercial has actually agented the $21.5 million sale of a 145,000-square-foot flex/industrial building in Watertown. Situated at 580 Pleasant St., the building will undergo a digestive tract improvement and also will certainly be exchanged a Course A lab structure in the fast growing Life Scientific research market.
Associated Brokerage Group’s Bernard Gibbons and also Stephanie Deering represented the vendor, owner/occupier Liquid Administration Equipment Inc., in the purchase. The customer was Griffith Feature and partner, a fund regulated by DRA Advisors.
“With the scarcity of available lab space in Cambridge, Watertown is rapidly coming to be the following center of Life Scientific research development in Greater Boston,” said Gibbons. “Watertown is not just a lower-cost choice to surrounding Cambridge for laboratory area, yet with the advancement of Collection Yards and also the number of multifamily complicateds created within the community in current years, Watertown uses a host of facilities and also housing choices that can aid business attract and also preserve staff members in this competitive marketplace.”
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Share this article Tags: Industrial Published at Thu, 28 Jan 2021 18:20:04 +0000