Genzyme Spends $8.1 Million for California Avenue Property
Genzyme has not announced plans for the property's use; but owns two abutting parcels.
Genzyme purchases California Ave. property for $8 million
Framingham Assessors' Office
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Genzyme Corporation purchased 10 California Ave. from Columbia Electric Corp. for $8.1 million, reported CoStar Group, headquartered in Washington, D.C.
The one-story, 62,666-square-foot, building was built in 1968. The property is on a 4.7-acre parcel in the Framingham Industrial Park. The building has a 21-foot clear height, seven loading docks and one drive-in bay.
Genzyme owns two abutting parcels to the property and has not set plans for its intended use.
Brenda Crawshaw
10:08 am on Friday, January 20, 2012
OK - so once again we have a commercial property that sold for WAY more than the assessed value - where does the "income potential" factor work in THIS equation?
Something smells in Denmark, I mean Framingham.................
Jim Rizoli
11:24 am on Friday, January 20, 2012
You mean something is rotten in Denmark.....but We get the point.
Now the question what to do about it?
Jim@ccfiile.com