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Woburn Redevelopment Site Sold

Feb 18, 2010 | Reprints | Unlock Link | Print

399 Washington St., Woburn is outlined in red A 5.6-acre redevelopment site on Route 128 in Woburn has sold for an undisclosed price.

The property at 399 Washington St. was sold to Nai Nan Ko by Argonaut Holdings. It was last assessed at $4.56 million, according to data from The Warren Group, publisher of Banker & Tradesman.

Jones Lang LaSalle’s Managing Director of Retail Sales Jim Koury and Assistant Vice President Nathaniel Heald represented the seller and procured the buyer.

The property was formerly occupied by Lannan Buick Pontiac.

"Argonaut took advantage of the strengthening market to realize aggressive pricing for the property," said Koury. "The transaction was also very beneficial for the buyer, who secured a long term location at the intersection of two interstate highways."

Commercial & Industrial