Norwood, MA Atlantic Commercial Real Estate, LLC has completed the sale assignment for the 12,310 s/f office building located at 501 Boston Providence Hwy.
Fully occupied at the time of sale. The property was sold to CJJ Holdings, LLC for $1.45 million. CJJ Holdings is an affiliate of a CPA firm who plans to hold the investment until such time that space comes available in the building for their own operations. Located on Rte. 1 The Automile, 501 Boston Providence Hwy. generated significant interest in the market, even during the market shut down caused by COVID-19.
David Linehan of Atlantic Commercial represented landlord in the sale and completed leasing of the property to 100% occupancy prior to the sale.
With a new headquarters in Foxboro, Mass. Atlantic Commercial is a leading provider of commercial real estate services in suburban Boston Area completing numerous transactions up and down and near the intersections of Rtes. 95, 495, and 24.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and