Construction firm buys Westborough office property for $2.8M
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29 Research Drive in Westborough
A series of small commercial buildings on a 36-acre site in Westborough have sold for $2.75 million to the owner of Triboro Crane & Rigging Services, which has moved to the property.
The site at 29 Research Drive is home to 14,000- and 11,000-square-foot buildings, and two much smaller structures, on a sprawling property behind the headquarters building for BJ's Wholesale Club.
Ferris Development of Marlborough sold the site to Triboro Real Estate, an entity registered to Lawrence Cedrone Jr. of Upton. The sale closed Nov. 20.
Cedrone is the owner of Triboro Crane & Rigging Services, which was founded in 2008 and provides various construction services. The company was based in Shrewsbury, but the address on its website has been changed to 29 Research Drive.
The property last sold in 2015 for $750,000. It was last assessed at $1 million.
Ferris Development is the owner of multiple office properties in Westborough, Southborough, Northborough and Marlborough, including the former offices of biotech giant Sanofi/Genzyme at 1 Research Drive in Westborough.
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