Nahigian of Auburndale Realty Co. handles $1.183m sale to Global Supply
Rob Nahigian, FRICS, SIOR, CRE, of Auburndale Realty Co., recently completed a number of leases and a sale of an industrial facility.
During March, Nahigian exclusively represented Liv Home, a national home care company, in its regional office lease of 2,500 s/f at River Place, Wellesley. Nahigian relocated the company's offices from Newton Corner, to a more centralized location on Rt. 128. The landlord, J.F. White Properties was represented by Meredith & Grew.
On April 16th, Nahigian represented Global Supply, Inc. in its purchase of an industrial facility located at 31 Sixth Rd., Woburn. Nahigian worked with Global Supply, a leader in the distribution of nuts and bolts, since January, 2009. The industrial facility consisted of one building comprising of approximately 12,580 gross s/f of office and warehouse space situated on 1.08 acres. The seller was Walter B. Stockwood Realty Trust of Amesbury (represented by Carbone Commercial) and the purchase price was $1.183 million. The seller was represented by Carbone Commercial Real Estate.
In April, Nahigian also leased 4,060 s/f of industrial space at Dawson Industrial Park, 50 Brigham St., Marlboro. Nahigian represented the landlord, A.P. Dawson Realty Trust. The tenant is Insight Pest Solutions, LLC represented by Kaplan Commercial of Franklin,.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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