The headquarters of a Franklin manufacturer has been purchased by a Wakefield-based real estate investment company for $17 million.
The property, an approximately 100,000-square-foot industrial building located at 140 Constitution Blvd., was purchased by NBPIV Constitution LLC, a corporation managed by Northbridge Partners in Wakefield.
The property was sold by Constitution Corp., a Franklin-based corporation owned by Alfred Rossini, the CEO of Jaco Inc., a manufacturer of medical computer carts and other technology utilized by hospitals for patient care.
The building is occupied by the headquarters of Jaco. The company was purchased by GCX, a California-based medical device company, in December 2022. Gary Brayton, national sales director at Jaco, confirmed to WBJ via email that the company will be staying at the location.
The building sits on 7.1 acres of property, which was assessed at a value of $8.17 million by the City of Franklin in fiscal 2024.
Northbridge Partners focuses on acquiring and modernizing small-to-mid-sized industrial properties near dense population centers, according to its website. The company owns a number of properties in Central Massachusetts, including three properties in Shrewsbury and Grafton purchased in 2021.