Developer sells Massachusetts industrial space

Business condo buyers eye remaining buildings

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Leggat McCall Properties on Tuesday announced the sale of three buildings totaling 146,000 square feet at Shawmut Park in Canton, Mass. The total value of the transactions was $13.5 million. Two of the properties, located at 5 and 105 Shawmut Road and totaling 108,000 square feet, were sold to Basad Realty for $10.25 million. The other property, located at 70 Shawmut Road and totaling 38,000 square feet, sold for $3.25 million. The firm also announced two other buildings in the park totaling 87,000 square feet are under agreement and scheduled for sale in the next several months. Leggat McCall Properties purchased nine buildings, totaling 471,000 square feet, in Shawmut Park in June of last year. "Several potential business condo buyers have opted to purchase full buildings and we are talking to a sizeable group of condo buyers for delivery on units from 7,000 to 21,000 square feet in early summer," said Addie Egan, development manager for the park The condominiums are being mark...