News: Front Section
Posted: March 30, 2018
NAI Hunneman brokers $2.6 million sale of 120 North Main Street
Brockton, MA NAI Hunneman, a leading provider of commercial real estate services, completed the $2.6 million sale of 120 North Main St. to Brockton & Main, LLC who plan to convert the property into a 75,000 s/f fully climate-controlled self-storage facility.
NAI Hunneman South team member Ovar Osvold along with Cathy Minnerly and Sean Hannigan successfully represented the seller Micro Wire Products Inc. and procured the buyer. In a separate transaction, the NAI Hunneman team represented Micro Wire in identifying a new, 18,000 s/f sublease at 5 Mear Rd. in Holbrook.
“120 North Main St. had its challenges with finding a generic manufacturing buyer. So through extensive market due diligence, we were able to identify the optimal redevelopment for the site, and that turned out to be a brand new fully climate-controlled self-storage facility. The location’s demographics, traffic counts, and overall market demand was the perfect match. Micro Wire Products Inc. had recently shifted their manufacturing operations creating the need for a smaller footprint, so we were able to identify the perfect relocation space in Holbrook. The efficiency of the new spaces layout is ideal,” said Osvold.
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