Aspen Aerogels, Solmetex sites sold in $36.4M deal

California-based Berkeley Partners has expanded its presence in Central Massachusetts through the purchase of two industrial sites for a combined $36.4 million.  Berkeley Partners purchased 30 Bearfoot Road in Northborough for $18.27 million on Sept. 2 and 840 Donald Lynch Blvd. in Marlborough for $18.13 million on Sept. 3, according to the Middlesex South Registry of Deeds and the Worcester District Registry of Deeds.  Both sites were purchased from Texas-based real estate firm McCord Development.  The property at 840 Donald Lynch Blvd. contains a roughly 58,965-square-foot facility utilized by Northborough-based manufacturer Aspen Aerogels as a research-and-development facility. Prior to its redevelopment into an R&D site in 2022, the site housed a Sports Authority and Old Navy locations.  McCord originally purchased the site for $7 million in 2021, according to City of Marlborough property records. The seven-acre property received a 2026 assessment of $6.93 million.  The property at 30 Bearfoot Road is a 65,198-square-foot light manufacturing facility utilized by dental device manufacturer Solmetex, according to that firm’s website. McCord originally purchased the site for about $3.4 million in 2020. The nine-acre site received a 2026 assessment of $6.97 million, according to Town of Northborough property records.   Boston-based CBRE served as the listing brokerage firm for both transactions. Berkeley’s latest purchases in Central Massachusetts build upon a local portfolio that includes a 45,829-square-foot flex building in Marlborough the firm bought in June for $10 million. The firm owns the Brigham Business Park in Marlborough and a 58,000-square-foot warehouse building in the Devens Business Park, according to real estate data firm CoStar.  Berkeley has 14 million square feet under management across 15 states, according to its website. Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.