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ACTON, MA-The Evangelistic Association of New England dba Vision New England sold 468 Great Rd. to Batstone, LLC. The 14,845-sf building was purchased for $1.5 million.

Scott R. Hughes, president of Hughes Properties Inc., represented Vision New England in the transaction while Eric O’Brien, president of O’Brien Commercial Properties Inc., represented the buyer.

The five-year-old, two-story, wood framed office building is situated on nearly three acres. The property is located near Routes 2 and 495. Vision New England, upon the sale of the property, is leasing the entire second floor of the building.

Acton’s 193,000-sf office market continues to struggle to fill its space. According to Trammell Crow Co.’s most recent statistics, the area’s vacancy rate for direct space as well as its overall availability rate is at 48%. The city’s much larger research and development market–852,000 sf–also had an overall availability rate of 47%, but much of that market’s vacancy is driven by excess sublease space as its vacancy rate for direct space was only at 15%. Lease rates for office space in the area are at $9 per sf.

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