Northeast manufacturing space sells

Electric co. holds lease

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Leggat McCall Properties recently acquired 11 Forbes Road, a 211,600-sqaure-foot manufacturing/warehouse facility in Northborough, Mass. The value of the transaction was $11.5 million. Leggat McCall acquired the property from 1919 Leavit Trust. Built in 1988, 11 Forbes Road is a fully air-conditioned manufacturing/warehouse facility located on 19.3 acres. The warehouse portion of the building includes 160,000 square feet in a single-story structure with a 34-foot clearance. The two-story office/R&D section includes 51,600 square feet. At the time of sale, the building was fully leased to Graybar Electric Co., which hadn't yet moved into the space. Boston-based NAI Hunneman Commercial, a provider of commercial real estate services, brokered the transaction. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....