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Comparables: 111 Speen Street
- StatusSOLD, $257 PPSF
- Date05/13/22
- Address13-15 Congress Street, Boston, Massachusetts 02109, United States
- Address13-15 Congress...
- AssetOFFICE
- StatusSOLD, $257 PPSF
- Date03/02/22
- Address328 Cambridge Street, Burlington, Massachusetts 01803, United States
- Address328 Cambridge...
- AssetOFFICE
- StatusSOLD, $159 PPSF
- Date12/01/21
- Address6 Riverside Dr, Andover, Massachusetts, USA
- Address6 Riverside...
- AssetOFFICE
- StatusSOLD, $538 PPSF
- Date06/18/21
- Address814 Huntington Avenue, Boston, MA, USA
- Address814 Huntington...
- AssetOFFICE
This Deal on Social
SALE
IMAGE: Frank Petz & John Nasca
DATE: 03/22/2022
ADDRESS: 111 Speen St
MARKET: Framingham, MA
ASSET TYPE: Office
BUYER: North Colony & Paradigm
SELLER: TA
Realty
BROKERS: Frank Petz & John Nasca – Colliers International
SALE PRICE: $13,000,000
SF: 117,353 ~ PPSF: $111
Text Content:
SALE
IMAGE: Frank Petz & John Nasca
DATE: 03/22/2022
ADDRESS: 111 Speen St
MARKET: Framingham,
MA
ASSET TYPE: Office
BUYER: North Colony & Paradigm
SELLER: TA Realty
BROKERS: Frank Petz & John Nasca – Colliers International
SALE PRICE: $13,000,000
SF: 117,353 ~ PPSF: $111
FRAMINGHAM – A Framingham office building, which is the world-wide headquarters for Ameresco, has sold for $13 million.
North Colony Asset Management and Paradigm Properties purchased the 111 Speen Street property.
Worcester-based real estate firm Kelleher & Sadowsky Associates, Inc. brokered the deal
Other clients in the 117,000 square foot building are DTT Surveillance and Futurewei Technologies.
Paradigm Properties will oversee significant renovations and provide ongoing property management at the site, according to Kelleher & Sadowsky’s press release.
The property includes 350 parking spaces and is located right off the Mass Pike exit to Route 30, on the Natick & Framingham line.
Boston-based Paradigm Properties purchased the building in 2015 for $22.7 million.
The City of Framingham has the property assessed at $19.981 million, with the building worth about $16 million