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Boston & New England   /   July 24, 2019

David Cohen
By: David Cohen

Calare Sells Marlborough Industrial Facility for $14M

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.

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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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