Hingham, MA The Conrad Group, Inc. has recently negotiated the sale of two multi-tenanted flex buildings in Hingham. The buildings located at 150-200 Recreation Park Dr. total 61,000 s/f and are situated on 7 acres of land. The seller was South Hingham Development Trust and the buyer was Foxrock Properties. Located adjacent to the Derby Street Shoppes and 1/3 of a mile to Rte. 3, the buildings have a long history of high occupancy rates.
150 – 200 Recreation Park Drive - Hingham, MABob Conrad, president of Conrad Group, said, “Few industrial flex properties that cater to smaller users have as convenient a location on the South Shore as these buildings offer. Right now, that small tenant industrial market is extremely active as vacancy rate are in the low single numbers. This bodes well for the future of these assets.” Jim McEvoy, senior vice president and Conrad represented both parties in this transaction. According to the Plymouth Registry of Deeds, the sale price was $4.26 million.
10 Cabot Place - Stoughton, MAAlso, The Conrad Group recently represented a long time client, Diven Properties, in the recent acquisition of 10 Cabot Place, Stoughton, Mass. The 17,000 s/f office building is located off of the intersection of Rtes. 24 and 139. Previously owned by Randolph Savings, the bank will lease the building back to Diven Properties. Conrad and McEvoy represented Diven Properties, and Jay Nuss of Jay Nuss Realty, represented the seller. According to the Norfolk Registry of Deeds, the sale price was $1.3 million.
