News: Owners Developers & Managers

Durgin of Conway Commercial brokers $19 million sale of 250,000 s/f Rte. 53 Industrial Park for The Finnell Co., LLC

Paul Durgin, Conway Commercial Paul Durgin, Conway Commercial

Weymouth, MA Paul Durgin, vice president of Conway Commercial, recently brokered the sale of the Rte. 3 Industrial Park for $19 million. This deal is the largest in the 58-year history of Jack Conway & Company, Inc.

“We are all very proud of the expertise Paul showed in arranging this historical transaction for the South Shore community and for Jack Conway & Company,” said company CEO Carol Conway Bulman. “It’s a testament to Paul’s knowledge of the business climate, and the effort he puts in on behalf of his customers.”

The park, located on Finnell Dr., and less than a mile from the Rte. 3 and Rte.18 interchange, consists of five buildings totaling approximately 250,000 s/f, along with a cell tower and is situated on 25 acres.

Built, managed, and very well maintained by the Finnell Family for more than 40 years, the park has been consistently close to full occupancy with businesses ranging from high tech, manufacturing, office, warehousing, and distribution centers.

Route 3 Industrial Park - Finnell Drive, Weymouth, MA Route 3 Industrial Park - Finnell Drive, Weymouth, MA

Durgin represented the seller, The Finnell Company, LLC and procured the buyer, RPI Capital Management LLC.

MORE FROM Owners Developers & Managers

Land Rover Fairfield leases 6,000 s/f Fairfield industrial property

Fairfield, CT Land Rover Fairfield has leased the industrial property at 55 Webster St. The 6,000 s/f facility is designed to enhance the client delivery experience and accelerate online inventory merchandising. The expansion establishes a benchmark for vehicle reconditioning and digital retail in the region. The lease term is a multiyear with options to renew.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant