±384,000 SF Class A office park sold in Westborough, MA
CBRE/New England today announced the sale of Westborough Office Park, a four-building,±90%-occupied,384,000 SF Class A office park locatedin Westborough, Massachusetts. Theinstitutional-quality office park is comprisedof four buildings (1700, 1800, 1900,and 2000 West Park Drive) situated on 46 acres of land at the intersectionof Interstate 495 and Route 9.
Equus Capital Partners sold the park to Carruth Capital for $40.74 million. CBRE/NE’s Dave Pergola and Brian Doherty represented the sellerand procured the buyer.
Conveniently situated at the intersection of Interstate 495 and Route 9, Westborough Office Park is just minutes from restaurants, shopping, hotels, banks and child care. The building includes a picturesque campus setting, service-oriented on-site management team and a range of client-friendly features and amenities. The quality, accessibilityand amenities offered by WestboroughOffice Park makes it one of the must-tourproperties for regional and nationaltenants seeking a headquarters-qualityenvironment west of Boston.
About Carruth Capital
Carruth Capital, LLC is a privately owned, well-capitalized commercial real estate firm with over 3 MSF of space under ownership. Carruth is one of the largest landlords in Massachusetts with over 180 tenants occupying 40 commercial buildings. Please visit www.CarruthCapital.com for more details.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
