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BROCKTON, MA-A Boston-based moving and storage company has paid $4.1 million for a 95,000-sf industrial property, half of which the firm intends to occupy for its own use. The single-story building at 1123 Pearl St. had been owned for decades by Masco Corp. and is 50% leased to Pharmerica, reports Stevens Group principal Mark Stevens, who negotiated on behalf of the seller.

Michigan-based Masco initially planned to rent out the unused space, retaining Stevens to bring in prospects, but when several unsolicited inquiries from buyers came forth, “we decided to change direction,” the agent relayed, adding that he believes both sides were satisfied with the outcome. Stevens joined GVA/Thompson Doyle Hennessey VP Tim McDonough in representing Masco in the disposition, and then partnered with cousin John McDonough of GVA Williams of New York City on a similar but separate deal 10 miles north in Canton.

The latter disposition was on behalf of Copley/Teva USA, a pharmacy firm that acquired the hulking 297,000-sf structure at 25 John Rd. in 2003 upon merging with then-tenant Copley Pharmaceuticals. The building has sat empty ever since, and an attempt to trade the building last year dissolved just prior to its consummation. Despite the vacancy, Stevens says the property is a solid facility that “should serve [the buyer] well.”

“It was a really good fit,” Stevens says of the Canton deal, with Armstrong Pharmaceuticals paying $5.9 million and planning to use the facility for its own manufacturing needs of both personal care and medical products. The company already has space at nearby 10 Dan Rd. and also in Boston. Warren Brown, president of Boston Commercial Properties, negotiated for Armstrong, while Richard Charkham joined Stevens and John McDonough representing the seller. Richard Schehwerk of Jones Lang LaSalle was broker for Casey & Hayes in the Brocton sale.

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