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$5M Buys Carruth Capital 49,900-SF Office

Full and original article posted on GlobeSt.com

WOBURN, MA-Carruth Capital LLC has put down $5.4 million to take ownership of Baldwin Park I. The deal bought the real estate investment firm a sister property to Baldwin Park II, which it acquired 10 years ago.

David L. Pergola, with Meredith & Grew’s Boston office, tells GlobeSt.com that the 49,900-sf building drew six offers when it was put on the market several months ago. The building’s location in one of Boston’s prime suburban office markets along with its strong leasing activity generated the strong interest in the property, he says. “It’s an excellent building.” The three-story, brick faced, multi-tenant office building at 12 Alfred St. is 86% leased.

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