News: Front Section
Posted: February 23, 2012
Cushman & Wakefield negotiate $4.775 million sale for STAG II Amesbury
According to Cushman & Wakefield, 37 South Hunt Rd. was sold to 37 South Hunt Road LLC for $4.775 million. Cushman & Wakefield's senior directors Richard Ruggiero, Torin Taylor and Matt Adams, and senior associates Rory Walsh represented the seller STAG II Amesbury, and procured the buyer.
37 South Hunt Rd. will be occupied by ARC Technologies. The company will use the facility for manufacturing and operations support. ARC is a leading supplier of microwave-related products.
"Amesbury can be a pretty quiet part of the I-495 north submarket," said Ruggiero. "We were fortunate that we had a strong product to market, and we able identify and secure an appropriate buyer with the means to close quickly."
37 South Hunt Rd. is a 78,040-s/f office/ manufacturing facility located a half-mile from I-495 and two miles from I-95. The property was built in 1999 by Bartley RF Systems for the manufacturing and sales of communications equipment.
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 235 offices in 60 countries and more than 14,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.For the New England area, Cushman & Wakefield maintains offices in Boston, Massachusetts; Manchester, New Hampshire; and Hartford and Stamford, Connecticut;. To find out more about Cushman & Wakefield, please call 603.628.2800 in New Hampshire and 617.330.6966 in Massachusetts.
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