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Boston & New England  + Metro Boston  + Industrial  | 
CBRE has arranged the $14.8-million sale of an industrial building Chelmsford, MA between seller The Ram Companies and buyer The Shearwater Companies

CBRE Arranges $15M Sale of 91K-SF Industrial Building in Chelmsford

CBRE has arranged the sale of a 91,476-square-foot flex/R&D industrial building on Elizabeth Drive in Chelmsford, MA. The Shearwater Companies acquired the two-story, Class A asset for $14.8 million.

The CBRE team of Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall and Dan Hines marketing the property and arranged the sale on behalf of the seller, The RAM Companies.

The industrial building is fully leased to Arrow Interventional to 2026.

16 Elizabeth Drive is located within Altid Business Park 25 miles north of downtown Boston, off of Route 3 from the south and north and Interstate 495 from the west. The property is close to Interstate 93, Interstate 95 and Route 2.

Recent capital improvements to the property to the tuen of $4.2 million include high-end office space, conference and training areas and clean-room space. The property offers up to 27’ clear ceiling heights and four tailboard height dock doors.


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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition