R.W. Holmes recently facilitated the sale of two multi-tenant flex buildings totaling 70,000 square feet in Billerica, MA for $6,975,000. The firm was hired by D&B Rangeway Realty Trust to oversee the process and reach out directly to a select group of local investors focused on industrial real estate.
According to R.W. Holmes, their approach generated significant interest and resulted in multiple competitive offers. Ultimately, Boston-based real estate investor and developer Juniper LLC emerged as the buyer.
Mike Ogasapian, Senior Vice President at R.W. Holmes who managed the sale and secured Juniper as the buyer stated: “These buildings have great potential in today’s market and we are delighted to have successfully closed this deal.” He also expressed excitement about future leasing opportunities for Juniper as they work towards transforming these properties into top-notch assets.
The post from Connect CRE announced that R.W.Holmes had completed its role in facilitating a successful sale of two multi-tenant flex buildings located at 144-154 Range way Rd., Billerica MA worth $6 million dollars . The seller D&B Range way Realty Trust had retained services from RW Homes which involved reaching out directly through an exclusive network of local industrial real estate-focused investors thus generating strong interest resulting into several competitive bids being made . Eventually ,Boston based Real Estate Investor & Developer -Juniper LLC emerged victorious .
Mike Ogasapian ,Senior Vice President at RW Homes who oversaw this entire transaction was quoted saying ” These Buildings hold tremendous market potential & we are extremely pleased with how things turned out” he further added that his team is looking forward towards assisting JUNIPER with any future leasing endeavors on these assets while working together towards transforming them into first-class properties .
