O’Brien Commercial sells 5+ Acres in Downtown Marlborough
Marlborough, MA: Wood Partners (ALTA) is Set to Build 276 Unit Apartment Complex in Downtown Marlborough.
Eric O’Brien, President of O’Brien Commercial Properties negotiated the sale of a full city block along the North Side of Lincoln Street from Mechanic Street to the new bicycle path.
The transaction entailed eleven land parcels totaling over five acres owned by three individuals land owners.
The sellers included Family Auto Sales and Repairs at 283 Lincoln Street, Koby Inc (the three building mill complex) at 297-305 Lincoln Street on five land parcels and five parcels owned by the Marlborough Economic Development Commission, fronting on Lincoln and Mechanic Street.
Thank you, Marlborough Economic Development Commission. I hope to serve you for a long time.
~ Eric O’Brien | President/Broker – O’Brien Commercial Properties
Wood Partners (ALTA), a national apartment developer, will be building out the site under a comprehensive permit and plan to deliver 276 new units and 10,000 SF of retail space.
The privately owned properties sold for a combined $3M while the price for the city land is undisclosed.
For more information:
Eric O’Brien
eric@obriencommercial.com
508.380.3798
More coverage at Worcester Business Journal and NEREJ/New England Real Estate Journal.
