WESTBOROUGH – Stonegate Group of Natick is pleased to announce the acquisition of the 57,421 square foot commercial office building located at 134 Flanders Road in Westborough, Massachusetts. The 5.84-acre property is well-situated between the City of Worcester and City of Boston, with nearby access to Interstates 495 and 90, as well as Routes 9 and 30. 134 Flanders Road is near many national and local businesses including medical practices, corporate offices, financial services, and laboratories.
134 Flanders Road’s tenants include a range of stable companies, from medical devices to software, insurance, and security services. The three-story office building was constructed in 1988 with common area renovations completed in 2017 and features an attractive brick exterior, two-story glass atrium, a passenger elevator, and a common conference room.
Financing for the purchase was provided to Stonegate by Avidia Bank. New Dover Associates, Inc. of Framingham, Massachusetts, handled the transaction on behalf of the Seller. “We are extremely pleased to announce the purchase of this prominent property. 134 Flanders Road is yet another addition to the growing list of commercial properties in the Greater-Boston and MetroWest markets added to our portfolio over the past eighteen months” stated Sean McGrath, CEO.
Stonegate Group LLC specializes in the development, management, and leasing of commercial and residential properties. Founded in 1988, and headquartered in Natick, MA, Stonegate has successfully developed over $175 million of residential and mixed-use properties and owns and manages multiple residential properties and over 600,000 square feet of commercial space throughout Greater Boston, MetroWest and beyond.