News: Front Section
Posted: October 9, 2015
Development Associates facilitates purchase of 3 buildings totaling 64,418 s/f
Chicopee, MA Development Associates co-brokered the purchase of one office and two warehouse buildings from Ethos Energy (USA), LLC. The two buildings are located on a combined 6.65 acres and total 64,418 s/f. The properties are located in the Westover Airpark West.
Development Associates represented the buyer, O’Leary Vincunas, LLC while John Reed of CBRE/New England represented the seller.
EthosEnergy is a leading independent global service provider of rotating equipment services and solutions to the power, oil & gas and industrial markets. The key services include power plant engineering, procurement and construction; facility operations and maintenance; equipment repair, overhaul, upgrade and life extension; and project decommissioning. Employing over 4,500 people and serving customers in 100 countries, EthosEnergy is focused on materially increasing the life cycle value of customers’ assets. The business has depth and experience in asset management and long-term maintenance agreements, whilst offering transactional, factory-based parts and repair services across all industry sectors
Development Associates has been involved in commercial and industrial properties throughout the Pioneer Valley for over 55 years. The company has completed numerous projects throughout the region and now manages a 2 million s/f portfolio of properties from North Haven, Conn. to Greenfield, Mass. These properties include office, industrial, automotive, high tech and warehouse/distribution spaces. Development Associates also recently completed a 40,495 s/f class A medical office building for Cooley Dickinson Health Care Corp. in Northampton, Mass. This is the 2nd medical office building project that Development Associates has completed on Atwood Dr., which is known as the Northampton/I-91 Professional Center.
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