R. W. Holmes Negotiates Sale of a Boutique Flex/Office Building for $360 PSF in Natick, MA.

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13 Tech Circle

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 recently negotiated the sale of a boutique flex/office building in Natick, MA, for $351 per square foot. 

 

Located at 13 Tech Circle, the 11,100-square-foot single-story office/flex building was acquired by Busek, Inc. and sold by B&L Associates Inc. R.W. Holmes Managing Director Dean Blackey represented the seller and procured the buyer. 

 

The standalone building in East Natick Business Park was sold for $3.99 million, or $360 per square foot. The building was completely rehabbed in 2008 and 2021, respectively, and converted to Class A R&D space. 

 

It is no secret that single-story product like 13 Tech continues to command top dollar.  However, to find a building that is this well sorted from a capital expense standpoint is even rarer.” Mr. Blackey said. “$360 per square foot represents one of the highest sales per SF for this type of product in the Natick and Framingham market.” 

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