Calare Residence Sells 59K-SF Industrial Portfolio in Woburn

Calare Feature Sells 59K-SF Industrial Profile in Woburn

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Calare Quality has marketed a two-building, 58,600-square-foot industrial profile in Woburn for an undisclosed rate. The customer was an owner-user.

Situated at 64 Industrial Parkway as well as 1 Adele Roadway, the profile lies on adjacent parcels and also overalls virtually three acres. The buildings include ceiling heights extending 16 to 28 feet and also adaptable space ideal for a variety of industrial customers, including storehouse, production, flex office, tech, solution and also R&D tenants. Calare acquired the profile in 2018 and also spent over $1 million in capital renovations with a concentrate on improving both buildings for tenant requirements.

“We understood there was substantial worth in the property given its prime Woburn place and reduced commercial job prices,” stated Bill Manley, Chief Executive Officer at Calare. “We have carried out lots of company dispositions throughout the years and also pride ourselves on our capability to function creatively with the proprietor, in partnership, to meet their service purposes.”

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