Calare Properties has sold South Street Business Park, a 145,600-square-foot industrial facility in Marlborough for $14.2 million.
Located at 417 South St., the 14-acre site features flexible floor plates, 20-foot ceilings, 15 loading docks, and more than 200 parking spaces. The tenants include IEP Technologies, BWT Pharma & Biotech, Mintra, and Metropolitan Warehouse & Delivery. Calare acquired the property in 2011 in shell condition through a foreclosure sale.
Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Tony Hayes, and Dan Hines of CBRE represented Calare in the sale. The buyer was not disclosed.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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