Woburn MA –  David and James Stubblebine, Principals of The Stubblebine Company/CORFAC International, recently arranged the sale of 216 New Boston St. and 225 Merrimac St., Woburn, MA, two industrial buildings totaling 76,570 s.f. on 14.68 acres of industrial zoned land for $22,150,000. The Stubblebine Company represented the Buyer, Cabot Cabot & Forbes, in the transaction. Cabot, Cabot, and Forbes plans to construct a 302,721 GSF (286,720 RSF) Class A laboratory, and cGMP development on the property. According to David Stubblebine, “CC&F made an astute decision to purchase this extremely unique asset; the project will undoubtedly be an enormous success.”
 

Transaction Information

  • Transaction TypeSale
  • Property TypeIndustrial
  • Total Size76,570 SF
  • SellerP.X. Realty Trust
  • BuyerCabot, Cabot & Forbes
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