Minnerly and Osvold of NAI Hunneman completes $1.5 million sale of 21,000 s/f 560 Turnpike Street
NAI Hunneman recently completed the $2.1 million sale of 560 Turnpike St. to Automated Solutions. The purchase will serve as expansion space for the building specialties company that furnishes and installs a wide variety of architectural interior finish products. NAI Hunneman executive vice president Cathy Minnerly along with associate Ovar Osvold represented the seller BNE Real Estate Partners along with procuring the buyer.
"560 Turnpike offers Automated Solutions a strategic location with generous clear heights and ample loading that allows the company to expand its operations while consolidating two locations under one roof," said Minnerly.
Consisting of 11,900 s/f of warehouse/flex space along with 9,100 s/f of office space, 11 Brooks Dr. offers a location on Rte. 138 and in close proximity to I- 93 & 95 offering convenient access to Boston and Providence.
NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market.
NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world manage over 300 million s/f of commercial space.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary