LBA Realty Acquires Industrial Property In Northborough, MA For $79M

An industrial property located at 301 Bartlett Street and 150 Hayes Memorial Drive in Northborough, MA recently changed ownership in a sale transaction. The property, spanning approximately 387,544 square feet, was sold for a total price of $79,000,000. The buyer in this transaction was LBA Realty, while TA Realty acted as the seller. Colliers International represented both parties in the deal, with brokers Frank Petz, Matt Sherry, Rob Schlesinger, and Jack Barrett facilitating the transaction.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $79,000,000
• Address: 301 Bartlett Street & 150 Hayes Memorial Drive, Northborough, MA
• Total Square Footage: 387,544
• Price per Square Foot: $204
• Buyer: LBA Realty
• Seller: TA Realty
• Brokers: Frank Petz, Matt Sherry, Rob Schlesinger, and Jack Barrett - Colliers International

The involvement of LBA Realty as the buyer and TA Realty as the seller indicates that both companies played active roles in this industrial property transaction. The representation of both parties by Colliers International highlights the significance of their expertise in brokering such deals.