Holliston Building Sells For $3.5M
Consigli Family Trust is the seller
A Holliston industrial park building at 150 Hopping Brook Rd. has sold for $3.5 million.
The Laurel Branch Realty Trust purchased 150 Hopping Brook from the Consigli Family Trust in December.
Brookline resident Dennis DeWitt, of the Laurel Branch Realty Trust, said he considers the 30,000-square-foot building, which is 75 percent occupied, a good investment.
"The Hopping Brook Park is a good quality park, and it's close to the 495 interchange," he said. "It's a well-built building that's only a few years old."
Swiss Ties
DeWitt said Agie Charmilles, a Swiss machine tools company and the building's largest tenant, recently upsized its operations there and signed a long-term lease. The company manufactures tools for ultrafine machining, and its customers include the U.S. Mint, he said. DeWitt said Agie Charmilles has been a tenant at the building since it first opened around 2001, previously occupying a 7,500-square-foot space that is now vacant.
The building's only other tenant, another Swiss company called Tecan, sells products to the biotech industry, he said.
Laurel Branch Realty Trust bought the building after selling another industrial park property on the other side of town, at 89 October Hill Rd., for $5 million in September. DeWitt declined to say why the trust sold that property.
"We've been investors in Holliston for 20 years now, and the town is well run," DeWitt said. "We were very happy to find another property in Holliston."
John Eysenbach of Wayland-based R.W. Holmes Realty brokered the sale of the Hopping Brook Road property, representing the Consigli Family Trust. Consigli Construction of Milford built the building in 2001.
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