News: Front Section
Posted: March 29, 2012
NAI Hunneman brokers $25 million sale and financing of a four-property portfolio
NAI Hunneman brokered the $25 million sale and financing of a portfolio of 4 properties comprising 1,134,568 s/f including 1 mixed-use and 3 industrial buildings located in Walpole, Taunton, and North Dighton.
NAI's senior vice presidents Doug Jacoby and Scott Dragos, represented the seller, Rubenstein Properties. Hunneman Capital Group principal Dan Jacobson represented the buyer, The Manzo Company in the acquisition as well as the debt and equity placement.
The Properties include:
* Two 100% leased single-tenant net leased industrial properties located in Taunton totaling 369,765 s/f;
* One multi-tenant manufacturing, warehouse and distribution facility located in North Dighton totaling 400,000 s/f;
* One 315,000 s/f mixed-use office/retail/flex asset plus 627 parking spaces including commuter parking areas that abut the Walpole commuter rail station, all located in Walpole.
"The portfolio sale presented the opportunity for The Manzo Company to purchase B-Class office and industrial properties that offer significant upside potential," said Jacoby.
The purchases mark the first acquisition by The Manzo Company, a new venture headed by former Beal Companies executive Michael Manzo.
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