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September 7, 2020 Comments Off on Colliers Arranges $12M Sale of Framingham Office Property Views: 963 Boston New England News, Metro Boston, Top Boston

Colliers Arranges $12M Sale of Framingham Office Property

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Colliers International has arranged the $12.4 million sale of 405 Cochituate Road, a 42,548-square-foot office building in Framingham. The property is currently 100% leased to nine tenants, including Fidelity Investments and Liberty Mutual.

Frank Petz and John Nasca of Colliers represented the seller, Park Square Revival Corp., in the transaction. The buyer was Burlington-based investor and developer, R.J. Kelly Co. Additionally, Jeff Black and Bryan Koop of Colliers arranged acquisition financing on behalf of R.J. Kelly Co.

“We are delighted to have purchased 405 Cochituate Road in Framingham,” said Benjamin May, vice president of finance at R.J. Kelly. “The acquisition fits perfectly into R.J. Kelly Co.’s already extensive portfolio of exceptionally well-located suburban office assets in the metro Boston market. It was attractive due to its unmatched visibility and its stable and diverse roster of both national and long-standing local tenants.”

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