CBRE Sells Devens Building for $10.35 Million

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Boston CBRE/New England’s Capital Markets and Industrial teams announce the sale of 36 Saratoga Boulevard, a fully occupied ±162,000 SF first class industrial facility located in Devens, MA.

Bob Gibson
Bob Gibson

36 Saratoga Boulevard was developed in 1999 by J.G. Petrucci Company, a premier design/build development company headquartered in Asbury, New Jersey. CBRE/NE’s Bob Gibson, Dave Pergola and Brian Doherty represented the seller, J.G. Petrucci, and procured the buyer, Cabot Properties, Inc.

“CBRE/New England was excited to be able to work in partnership with the Petrucci Company in initially securing New England Sheets for the project and subsequently assisting them in procuring a quality, institutional owner, Cabot Properties, as the next owner of this notable Devens asset,” said CBRE/NE’s Gibson.

“Bob Gibson and his team have done an outstanding job for us over a period of many years,” said Jim Petrucci, President and founder of J.G. Petrucci Company, Inc.

36 Saratoga Boulevard represents a significant location for tenants with easy access to both I-495 and Route 2. Situated in the highly sought-after Metro West industrial market and consisting of 25-32′ clear height, the property fits into an exclusive competitive set of high-bay warehouse product within an extremely supply-constrained market.

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