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September 29, 2020

NY firm pays $5.7M for Northborough office building

Photo | Google 44 Bearfoot Road in Northborough

A Buffalo, N.Y., real estate firm has paid nearly $5.7 million for a three-story office building on Bearfoot Road in Northborough.

The sale was announced late Monday by Greater Boston Commercial Properties, which brokered the sale with Joel Aho of Aho Properties of Arlington. The deal closed on Monday.

The buyer is Ciminelli Real Estate Corp., which owns office properties in New York, Massachusetts, Pennsylvania and Florida. Ciminelli says its Massachusetts portfolio is generally focused on Eastern Massachusetts on multi-tenant and flexible suburban office space along the Route 128 and I-495 corridors.

The roughly 45,000-square-foot building at 44 Bearfoot Road is one exit from 495 through I-290. Greater Boston Commercial Properties, which is based at the site, handled leasing there in recent years and has the building 93% filled, it said.

The seller was a limited liability corporation registered to Linda Currie of Holliston.

The 6.5-acre site last sold in 2015 for $4.7 million. It was last assessed by the Town of Northborough at $4.6 million.

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