PCG Sells 30,000-SF Building in Natick, MA

Natick, MA - Parsons Commercial Group, Inc. (PCG) recently completed the sale of 11 Huron Drive in Natick, Massachusetts for $3.5 million. Rick Putprush, Managing Director at PCG, initiated the deal with Michael Price of Waltham based, Legacy Real Estate Ventures, as "it fit Legacy’s profile perfectly," recounts Putprush. The two story, multi-tenanted, 30,000 square foot office building provided Legacy with a steady cash flow, a prime location, and with the building’s upcoming 5,400 SF vacancy, "it created an opportunity for Legacy, who has a history of success in these types of investments, to add value", added Putprush.

The property is advantageously located within minutes to the Massachusetts Turnpike (I-90) as well Routes 30, 9 and 27. It is within walking distance to several amenities including a post office, the Longfellow Sports Club, Natick Racquet Club, restaurants and shopping. These factors and amenities provide a perfect opportunity for a smaller sized company to occupy within the Natick marketplace.

Parsons Commercial Group and Legacy were able to consummate this transaction from first contact to closing, including financing, within 95 days.

Michael Hart, at Middlesex Bank in Natick was the real estate loan officer.