Buffalo-Based Ciminelli Real Estate Acquires Third Building in Greater Boston Market
Buffalo, NY — Ciminelli Real Estate Corporation, a Buffalo, NY-based full service real estate services firm with a commercial real estate portfolio of over 23 million square feet of owned, managed and developed real estate, announced that it closed on the purchase of 100 Foxborough Boulevard in Foxboro, MA.
The sale price was $6,000,000 for the 64,319 square-foot (sf), 2- story office building and 6.46 acre site.
Ciminelli executives Christopher Neelon, Investments, Boston, MA, and Ryan Zebro, Vice President of Investments, Buffalo, NY, led the transaction for Ciminelli Real Estate Corporation. The seller was represented by Roy Sandeman of CB Richard Ellis.
Ciminelli Real Estate Corporation Vice President of Investments Ryan Zebro stated, “The acquisition of 100 Foxborough marks Ciminelli’s third acquisition in the Greater Boston market. Together with our previous acquisitions of 44 Bearfoot Drive in Northborough and 33 Locke Drive in Marlborough, we have grown our portfolio of office properties in the region to over 170,000 square feet. Our team is committed to delivering the same quality ownership and management to this area that we have maintained in Upstate New York, Pennsylvania, and Florida for the last 35 years.”
100 Foxborough Boulevard represents a first-class office building in one of the hottest real estate markets in metro Boston. Tenants of the building include Iconics, Crossmark, Weston & Sampson Engineers and Shave Logic among others. The building is presently 90% leased.
Headquartered in Buffalo, New York, Ciminelli Real Estate Corporation specializes in providing commercial real estate services including development, facilities management, residential management, asset management, tenant representation, real estate consulting, and brokerage services to over 350 international, national, and local clients in New York, Florida, Massachusetts, and Pennsylvania.
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