The Davis Cos. Acquires Office In Chelmsford, MA For $15M

199 & 201 Riverneck Road in Chelmsford, MA, have been sold in a recent office property transaction. The property, spanning 185,227 square feet, was purchased by The Davis Cos., with representatives Jonathan G. Davis and Stephen Davis. The sale, facilitated by Brady Sullivan Properties' representatives Arthur Sullivan and Mikel MacAuley, was finalized on April 9, 2021, for a total of $15,000,000. The property sits on 15 acres, resulting in a price per acre of $1,000,000.

Summary of transation details

• Property Type: Office
• Transaction Amount: $15,000,000
• Square Footage: 185,227
• Address: 199 & 201 Riverneck Road, Chelmsford, MA
• Market: Chelmsford, MA

The Davis Cos., led by Jonathan G. Davis and Stephen Davis, acquired 199 & 201 Riverneck Road. The transaction was made possible through the assistance of Brady Sullivan Properties' Arthur Sullivan and Mikel MacAuley. This acquisition marks a significant investment in the Chelmsford, MA market and reinforces The Davis Cos.' presence in the office property sector.