May 13, 2016
Marlborough properties sell for $14.1M
Courtesy Colliers International
753 Forest Street houses the the Volkswagen/Audi Learning Center.
By Sam Bonacci
Two Marlborough flex properties have been sold for $14.125 million to Hudson’s Calare Properties.
The two properties total 134,404 square feet and are located at 261 Cedar Hill and 753 Forest St., according to a release from Colliers International Investment Sales that handled the transaction for the sellers. They were sold by Wheelock Street Capital (Wheelock) and Novaya Real Estate Ventures (Novaya), respectively.
The two properties are “well leased” with companies at the properties including Diebold Incorporated, Accredo Therapeutic and the Volkswagen/Audi Learning Center.
In addition to the sale, Colliers International has also been awarded the leasing assignment for the properties.
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