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Owners Developers & Managers
Posted: June 16, 2017
Agnew of NAI Hunneman and Clancy of CBRE arrange $6.25 million sale
Revere, MA NAI Hunneman completed the $6.25 million sale of 777 North Shore Rd., a 31,950 s/f office/warehouse building located on Rte. 1A. The location will be the new headquarters location for crane rental company, AmQuip.
Executive vice president Trey Agnew represented the landlord, N.S. Realty Trust, while the buyer, Alterra, LLC was represented by Steve Clancy of CBRE.
“The property’s location right on Rte. 1A, easy access to major highways and substantial parking/lot area made it the ideal purchase for Alterra who was working with AmQuip in an effort to find a property that would allow the crane rental company to consolidate multiple area locations,” said Agnew.
777 North Shore Rd. consists of a one and two story office and warehouse building. The office component accounts for 25% of the 31,950 s/f net rentable area. The warehouse component features 23 foot clear heights and 10 overhead doors.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of 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 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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