A Boston development firm has paid $2.7 million for a site in Devens housing an office building and acres of additional development space.
The site at 57 Jackson Road includes a 22,500-square-foot office building and 6.8 acres for expansion.
The property includes the Applewild School and an outpost of the Saba School of Medicine, which is based on a Dutch Caribbean island. The site was last assessed at just under $2 million.
The buyer is King Street Properties, a Boston firm developing the former MetroWest Daily News building in Framingham. The roughly 90,000-square-foot Framingham building, which King Street bought in 2018 for $9.3 million, is being renovated into offices for Replimune, a Woburn-based cancer treatment biotech firm.
King Street Properties didn’t return a message seeking comment about its plans for the Devens purchase.
The seller of the Devens site was The Hampshire Cos., a New Jersey real estate investment company. The deal closed April 28.
