Alden Research Laboratory joins Miami investment firm and sells HQ for $2.7M
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Alden Research Laboratories in Holden has sold its headquarters and joined an investment firm.
Alden Research Laboratory, Inc., the oldest continuously operating hydraulic laboratory in the U.S., announced it will be joining Miami-based private investment firm Round Table Capital Partners as it sold its Holden headquarters to RTC for $2.7 million, according to the Worcester South District Registry of Deeds.
RTC has a platform of companies focused in the industrial, real estate, energy, technology, and government sectors across the United States. The platform focuses on offering environmental site assessment, water treatment, and climate change resiliency, according to Alden’s press release from Sept. 29.
In a deal closing Sept. 22, Alden sold its 20,700-square-foot headquarters at 30 Shrewsbury St. in Holden under TNC Realty, LLC, which is registered to the company’s president, Stuart Cain, Ph.D.
The property is a total of 31.7 acres and is assessed by the town at $2.9 million. It was last sold for $1.4 million in 2005.
“We believe this strategic next step in joining the platform enhances our technical and geographical breadth and provides career growth opportunities for our team members,” Cain said in a statement. “I look forward to adding our expertise to the platform and building deeper relationships with our current and future clients.”
Alden specializes in fluid dynamic and environmental engineering, analysis, and design, and has additional offices in Oregon, Washington, and Colorado, per its website.
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