For $11M, Framingham real estate firm snaps up another retail complex
Photo | Greater Boston Commercial Properties Inc.
A 90%-leased property at 577 Main St. in Hudson sold for $11 million.
A 168,000-square-foot property on Hudson’s Main Street sold for $11 million, according to a press release from Greater Boston Commercial Properties Inc., who brokered the sale.
It was bought by a company registered to the location of Framingham-based SVN Parsons Commercial Group, which partnered with AIS Development in purchasing a 100,000-square-foot facility in Leominster for nearly $6 million a month previously.
The Hudson sale closed Oct. 7.
The property is more than 90% leased to tenants including Steve’s Back Road Cafe & Catering, Jet Mail Services, Inc. and fitness center Cressey Performance.
The seller, Wayland native James Gorin, had owned the property since 1983 when he bought it for $1.84 million. It is now assessed at $6,460,900 by the Town of Hudson.
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