Griffith Properties & DRA Advisors Acquire Industrial Asset In Watertown, MA For $21.5M
580 Pleasant Street
Industrial
145,000 SF
145,000 SF
Summary
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.
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