Giuttari of MG Commercial and Malka of Newmark Grubb Knight Frank broker $4.5 million sale

Cranston, RI Mike Giuttari, SIOR of MG Commercial Real Estate and Josh Malka of Newmark Grubb Knight Frank-NY, completed the sale of a 250,000 s/f facility on 19.5 acres at 2000 Plainfield Pike for $4.5 million. The property was sold to Berkeley Acquisitions primarily for the use of Dean Warehouse Services, with the potential of additional space being available to third party warehousing requirements.  The building is located at exit 4 off of I-295, with a 4-way light at the entrance to the facility.

Giuttari, president of MG Commercial, represented Berkeley Acquisitions. Malka, a director with Newmark Grubb Knight Frank-NY represented the seller, an investment group out of Manhattan.

MG Commercial Real Estate, one of the leading and most respected firms in its market, is a full-service commercial real estate brokerage company. We sell and lease commercial real estate, and consult for a wide range of clients including landlords, tenants, individuals, investors and institutions in Rhode Island and southeastern Massachusetts. MG Commercial is licensed in Rhode Island and Massachusetts.

Berkley Properties, LLC is a privately owned real estate holding company that purchases, renovates and manages hotels, office, retail and multi-family properties in the Northeast and currently, directly or through affiliated companies, has holdings in New York, New Jersey, Chicago, Alabama, Tenessee and Texas. The company is headquartered in New York City.

Newmark Grubb Knight Frank (NGKF) is one of the world's leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.

Berkley Properties actively pursues new acquisitions throughout the country including, multi-family properties, shopping centers and mixed use properties.

Founded in 1980, by Bradford Dean CEO, Dean Warehouse Services, Inc. has grown to be one of the largest privately held supply chain management firms in the United States. Dean's network of facilities contains upwards of two million square feet of space nationwide. Providing customers with warehousing, distribution, and fulfillment solutions, Dean's business has been built on a history of family values and commitment to superior service.