Avison Young brokers sale of 101,834 square foot building and 11-acre land site in Marlborough, MA

Avison Young brokers sale of 101,834 square foot building and 11-acre land site
in Marlborough, MA 20 Jul 2020

Boston, MA Avison Young announced today it has negotiated the sale of 90 Crowley Drive, an 11-acre land site, and 100 Crowley Drive, a 101,834 square-foot (sf) class A office building, in Marlborough, MA.

 

Vice President Brandon Dickason, Principal Scott Jamieson, Senior Vice President Bill Sullivan and Vice President Jon Pezzoni, based in the firm’s Boston office, represented the seller, First Colony Development, which sold the building for $16.5 million to Commonwealth Management. Sullivan and Pezzoni also represented First Colony Development in the $4.5 million sale of the 90 Crowley Drive land site to buyer Cameron General Contractors.

 

“100 Crowley represents one of the premier class A office buildings in the Metro West Office Market,” comments Dickason. “First Colony Development spared no expense in its construction making it an attractive setting for tenants. Currently the building is 93 percent leased with quality long-term tenants and represents a secure investment opportunity for the buyer. We are very pleased with Commonwealth Management’s commitment and execution of the deal from beginning to end.”  

 

Located just off Interstate 495 (I-495), 100 Crowley Drive provides immediate access to both I-495 and I-290 via the Route 85 Connector. Major tenants include Allegro Microsystems and Boston Biomedical Associates.

 

“It was great to work with the buyer Cameron General Contractors and seller First Colony Development on this transaction,” says Pezzoni. “From the start we were eager to work through the zoning and development requirements and bring this to fruition. We were happy to see our client achieve a great transaction. Truly a win-win for both parties.”

 

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises thousands of real estate professionals in more than 100 offices around the world. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.  

Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.

 

Brandon Dickason, Vice President, Avison Young: 617.575.2832

 

Scott Jamieson, Principal, Avison Young: 617.575.2831

 

Bill Sullivan, Senior Vice President, Avison Young: 617.758.8276

 

Jon Pezzoni, Vice President, Avison Young: 617.758.8742