R.W. Holmes Completes Five Sales Transactions in Q1

Mike Ogasapian

WAYLAND, MA– R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, announced that it completed five sales transactions ranging from office to industrial in Greater Boston during the first quarter of this year.

“Despite an uptick in interest rates and a potential slowdown in the economy, we completed five successful sales during the first quarter in Greater Boston,” said R. W. Holmes Vice President Mike Ogasapian. “Owner-occupied demand for flex/industrial real estate is still high. We also continue to see industrial leasing demand from users which is fueling development demand.”

Here are some of the sales transactions completed by R. W. Holmes during the first quarter of this year:

· 40 Speen Street, a four-story office building in Framingham, was acquired by RCP, LLC, and was sold by LMF Franklin Corp.

· 165 Flagship, a 35,000-square-foot industrial/light manufacturing building in North Andover, was purchased by Legends Gymnastics, a local gymnastics academy with deep roots in the North Andover community.

· 40 Commerce Way, a land sale for a 65,800-SF industrial/manufacturing building in Tewksbury, was acquired by Rhino Capital.

· 189 Boston Post Road in Marlborough was sold by GNS Realty Trust to Delca Real Estate Holdings.

· In addition, R. W. Holmes brokered the sale of two boutique buildings in Waltham: 20-25 Green Street.