Griffith Properties & DRA Advisors Acquire Industrial Asset In Watertown, MA For $21.5M

The industrial property located at 580 Pleasant Street in Watertown, MA has been sold for a total of $21,500,000. The property spans across 145,000 square feet and was acquired by Griffith Properties & DRA Advisors. The sale price equates to approximately $148 per square foot. The seller of this property was Fluid Management Systems Inc. The transaction took place on January 28, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,500,000
• Address: 580 Pleasant Street, Watertown, MA
• Square Footage: 145,000
• Buyer: Griffith Properties & DRA Advisors
• Seller: Fluid Management Systems Inc.
• Date: January 28, 2021
• Brokers: Bernard Gibbons & Stephanie Deering - ABG Commercial

Bernard Gibbons and Stephanie Deering from ABG Commercial represented Griffith Properties & DRA Advisors in this transaction. They played a pivotal role in facilitating the sale of this industrial property.