CANTON, MA-An 84,000-sf industrial building here is about to get an upgrade to meet demand for flex/R&D product on the Route 128 South corridor. Hall Royce Shawmut Road LLC paid $5.7 million for 95 Shawmut Rd. to Leggat McCall Properties, a Boston-based real estate investor that acquired the asset at the Shawmut Industrial Park in a nine-building portfolio deal completed in May 2005.

Flex space catering to small and mid-sized tenants still bloats the northern tier of suburban Boston, but such product is in scant supply on the South Shore, according to 95 Shawmut Rd. buyer Denison Hall. Not only has the Route 128 South area traditionally been populated by insurance and financial services companies that did not lend themselves to flex/R&D construction, “a lot of inventory has disappeared,” Hall explains, including several buildings demolished to make way for the nearby Westwood Station mixed-use development that will deliver upscale housing, office and retail in a section once filled with commercial tenants.

Hall and partner Adam Berger have acquired about 600,000 sf of flex/R&D space in Greater Boston during the past few years, including their $15.8-million purchase last summer of two buildings in the Interstate 495 South market. Initially reported by on July 17, that earlier deal involved 167,000 sf at 157 and 165 Grove St. in Franklin, part of a three-building park developed by the Maggiore Cos. of Woburn.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.