Flex Building sold for $21.5 million to Griffith Properties $21,000,000/SOLD


Transaction Description

Watertown, MA Griffith Properties and partner, a fund controlled by DRA Advisors, have acquired a 145,000 s/f flex/industrial property located at 580 Pleasant St. for $21.5 million. The property will undergo a gut renovation and will be converted into class A laboratory building in this burgeoning life science market. The deal was brokered by Associated Brokerage Group’s (ABG) Bernard Gibbons and Stephanie Deering, who represented the seller, owner/occupier Fluid Management Systems, Inc., and procured the buyer in the transaction.



Listing Agent

Stephanie Deering

  • ABG Commercial Realty
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  • (617) 492-9900
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Bernard Gibbons

  • ABG Commercial Realty
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  • (617) 492-9900
Contact Agent