December 11, 2007
Franklin Commerce Center Fetches $20M
By Matthew L. Brown
The 223,450-square-foot Franklin Commerce Center in Franklin has been sold for $20.3 million, according to commercial broker Richards Barry Joyce & Partners of Boston.
According to RBJ, which brokered the sale of the 20 Freedom Way property, the property features 32 loading docks, high ceilings and is occupied by Owens & Minor Inc., Lindenmeyr Munroe and Dealer Tire. The building is part of the Franklin Industrial Park and was built in 2003.
RBJ said new owners Realty Associated Advisors were one of several investors interested in the building. The firm said the industrial property market in the I-495 South region has been strong through 2007. That market consists of 16.2 million square feet of industrial and manufacturing space and was 16.4 percent vacant in the third quarter, RBJ said.
According to RBJ, which brokered the sale of the 20 Freedom Way property, the property features 32 loading docks, high ceilings and is occupied by Owens & Minor Inc., Lindenmeyr Munroe and Dealer Tire. The building is part of the Franklin Industrial Park and was built in 2003.
RBJ said new owners Realty Associated Advisors were one of several investors interested in the building. The firm said the industrial property market in the I-495 South region has been strong through 2007. That market consists of 16.2 million square feet of industrial and manufacturing space and was 16.4 percent vacant in the third quarter, RBJ said.
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