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Framingham Industrial Building Changes Hands, Seeks Tenants

Jan 29, 2018 | Reprints | Unlock Link

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Green Brick Development LLC has purchased a 44,272-square-foot industrial building in Framingham. The property at 101 Bishop St. sits on 3.1 acres.

Scott R. Hughes, president, and Ted H. Reimann, vice president, of New Dover Assoc. Inc. represented the seller, Siegal LLC, and procured the buyer. The previous tenant and building owner relocated to Holliston and the building is currently vacant.

New Dover Assoc. will also act as the leasing agent for two light manufacturing or distribution tenants, Hughes told Banker & Tradesman. Green Brick is managed by a Boston-based real estate developer.

The purchase price was $4.85 million.

Editor’s Note: An earlier version of this story misidentified the buyer of 101 Bishop St. as Green Brick Partners, an Atlanta-based homebuilder and developer; the buyer is Boston-based Green Brick Development LLC.

B&T Daily