Drew Sigfridson, SIOR / May 21, 2020
The Boulos Company, Northern New England’s largest commercial real estate firm serving owners, investors, and tenants, is pleased to announce the sale of 95 Maple Street in Stoneham, Massachusetts for $12,850,000. Purchased by Calare Properties, 95 Maple Street consists of a fully-leased 38,000 square foot industrial building situated on 5.63 acres, with approximately 400 parking spaces and direct access to I-93 at Exit 36.
John Meador of The Boulos Company represented Calare in the transaction. “This deal is yet another example of the investment appetite for well-located industrial properties, particularly on large sites, within Greater Boston. It’s a product that is hard to recreate and one that will cater to a variety of alternative uses in the future”, said Meador.
Founded in 2003, Calare Properties is a real estate operator specialized in acquiring and managing warehouse, manufacturing, research and flex/office assets located primarily in the Northeast. Calare has led the acquisition of over 18.5 million square feet of properties, representing $850 million in real estate transactions through funds, direct deals and a multi-asset portfolio.