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Colony Capital Sells Suburban Boston Office Portfolio

Local Developer Buys Four-Star Framingham Facilities for $53.3 Million
The six-story facility at 492 Old Connecticut Path was completed in 1984. (CoStar)
The six-story facility at 492 Old Connecticut Path was completed in 1984. (CoStar)
By Patrick Worley
CoStar Research
January 10, 2020 | 4:21 P.M.

Global real estate and investment management firm Colony Capital has sold two, four-star office buildings totaling 292,014 square feet in Framingham, Massachusetts, to Campanelli, a local full service development company, for $53.3 million, or about $183 per square foot.

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