Dr. Mouhab Rizkallah's Colossians 3:23 LLC Acquires Industrial Property In Woburn For $14.5M

The transaction involved the sale of a flex industrial building located at 11 State Street in Woburn, MA. The property spans 58,232 square feet and was sold for $14,500,000, resulting in a price per square foot of $249.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,500,000
• Buyer: Dr. Mouhab Rizkallah - Colossians 3:23 LLC
• Seller: Foxfield Development
• Buyer's Representative: Chloe Stubblebine & David Stubblebine - The Stubblebine Company
• Seller's Representative: Brian Tisbert & Christopher Lawrence - JLL
• Sale Date: 04/16/2025

Colossians 3:23 LLC, under the leadership of Dr. Mouhab Rizkallah, acquired the property to serve as the new home for GENESIS Church. This acquisition highlights the strategic movement into the industrial market in Woburn, MA.