For the second time in the last year, Ciminelli Real Estate Corp. has acquired a multi-tenant office building in suburban Boston.
Ciminelli Real Estate of Buffalo paid $5.7 million for the 44,124-square-foot building in Northborough, Mass. The three-story building is 100% leased, said Paul Ciminelli, president and CEO.
“It fits right into our wheelhouse,” Ciminelli said.
Earlier this year, Ciminelli Real Estate acquired a multi-tenant building in Marlborough, another Boston suburb. Ciminelli said he first looked at the Northborough building last year and after more site tours in early summer, he decided to buy.
“It has a solid tenant roll and is a good piece of real estate,” Ciminelli said.
Tenants in the building include Marlborough Office Center, Rausch Sturm LLP, and Yatco Distribution.