STURBRIDGE, MA-Coherent General sold One Picker Rd. to Sturbridge Realty Trust for nearly $1.4 million. The 58,344-sf manufacturing facility was leased for more than a decade by Convergent Prima.

Kovago and Jim Glickman, principals of Worcester, MA-based Glickman Real Estate, brokered the transaction. Glickman Management also handled the maintenance of the building during the sale.

The deal includes nearly 25 acres of additional property adjacent to the main parcel. The new owners plan to develop the site. Possible future plans for the property could include development as an office building by subdivision or a resale.

According to Lincoln Property Co.’s most recent statistics the suburban industrial market’s overall availability rate is at 14.5%, falling just .2% since the first quarter. The market experienced its first quarter of positive absorption, which amounted to 88,284 sf, in a long time indicating that that the market might be starting to recover.

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.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.