NAI Glickman Kovago & Jacobs (NAI GKJ) is pleased to announce the successful sale of 401 Elm Street in Marlborough, Massachusetts, a 134,648-square-foot industrial/flex property situated on a 36-acre parcel, for $13,500,000.
The transaction was exclusively facilitated by Jim Glickman, Cody Miner, and Jonah Glickman, who represented the seller, EJR Realty Trust. The property was acquired by McGovern MHQ, the regional emergency and municipal vehicle upfitting leader that acquired MHQ in 2023.
McGovern MHQ will continue operating from the facility as its flagship headquarters, further strengthening its long-standing presence in Marlborough. Originally constructed in 1960 and renovated in 1988, the property features a combination of warehouse, assembly, and office space that supports the company’s specialized vehicle upfitting and servicing operations.
Strategically located within the Boroughs submarket, 401 Elm Street offers direct access to I-495, I-290, Route 20, and the Massachusetts Turnpike, providing a significant logistical advantage for companies serving municipalities, law enforcement agencies, fire departments, and public works organizations throughout New England.
“This transaction is a testament to the relationships that drive commercial real estate. This sale reflects the trust both parties placed in our team to bring it across the finish line. McGovern MHQ’s decision to plant deeper roots in Marlborough speaks volumes about the strength of the MetroWest industrial market and the long-term confidence investors and operators continue to place in this corridor.”
— Jim Glickman, Founding Principal, NAI Glickman Kovago & Jacobs
Founded in 1979, McGovern MHQ (formerly MHQ) has customized more than 100,000 emergency and special-purpose vehicles, serving police departments, fire agencies, public works departments, universities, and other public entities throughout the Northeast. The Marlborough facility serves as the company’s headquarters and primary operations hub, complemented by additional locations across Massachusetts, Connecticut, and beyond.
The sale of 401 Elm Street underscores the continued strength of the MetroWest industrial and flex market, where access to major transportation infrastructure and a highly skilled workforce continue to attract owner-occupants and investors alike. The Boroughs submarket remains one of Central Massachusetts’ most active industrial corridors and is home to major employers including Dupont, TJX, Oracle, and Boston Scientific.
Read full article: here
