Colliers International, Boston closed out 2016 with the $900,000 sale of a 20-acre land site located at 40-43 Kendrick Street in Wrentham, Massachusetts. Colliers International, Boston’s Senior Vice President Bob Cronin represented the buyer, and Galaxy Development of Auburn, Mass. and Colliers International, Minneapolis’ Vice President Robin Zellmer represented the seller, Pentair Corporation of Minneapolis.

Galaxy Development plans to pursue a mixed-use project on the former Crosby Valve Co. headquarters site, a manufacturing complex Pentair had inherited through acquisition, but then relocated all operations to Minneapolis.After fully vacating the Kendrick Street complex, Pentair completed an extensive environmental remediation program in 2016 and Colliers International was hired to sell the property.

“Despite some environmental challenges, Galaxy Development is very confident a high quality, mixed-use development on the Kendrick Street site will be a real ‘win-win’ project for both the developer and the local Wrentham community,” said Bob Cronin, Colliers’ SVP. “Its great access to Route 1, I-495 and Wrentham Town Center is a major bonus for the project.”

About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

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