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News:
Owners Developers & Managers
Posted: March 18, 2016
Bauer of The Business Exchange brokers $2.75 million sale - Shea and Dwyer of Randolph Savings Bank arrange financing
459 Washington Street - Duxbury, MADuxbury, MA According to The Business Exchange (TBX), Sweetser’s LLC has acquired the property located at 459 Washington St. Adam Bauer, principal of TBX exclusively arranged the sale. The property was sold for $2.75 million. The 19,000 s/f multi-tenant investment property was conveyed as a stabilized asset at 100% occupancy.
Adam Bauer, The Business ExchangeBauer represented the sellers J&M Sweetser’s Trust whom had owned the property since 1992.
The iconic property is located in the Old Shipbuilders Historic District on Snug Harbor and is considered a local institution by local residents.
The site was originally the home for Sweetser’s General Store “English & West India Goods” which operated at the location in the early 1800s.
Financing for the sale was arranged by Jack Shea and Martie Dwyer of Randolph Savings Bank.
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