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Northern New England
Posted: November 4, 2016
Harris of the Kingsland Co. sells 30,000 s/f 41 IDX Drive for $3.65 million
Duncan Harris, The Kingsland Co.
41 IDX Drive - South Burlington, VT
South Burlington, VT Duncan Harris of the Kingsland Co. represented Vermont Industrial Parks in the purchase of 41 IDX Dr. for $3.65 million. Known locally as Shelburne Square, 41 IDX Drive is a 30,000 s/f mixed-use strip center located at a signalized intersection on Shelburne Rd.
Anchored by Talbot’s, other retail tenants include Edward Jones, T.S. Peck Insurance, Gadue’s Dry Cleaning, Best Nails and International Health Consulting. The second floor is comprised of office space which the new owner plans to upgrade after years of significant vacancies. Other planned improvements including new paving, landscaping and a new painting scheme to the exterior.
Rick Harrison of JL Davis Realty represented the seller in this transaction.
In another transaction, Harris of The Kingsland Co. and Yves Bradley of Pomerleau Real Estate have brokered a lease with Minuteman Press for 5,000 s/f of office and production space at 113 Acorn Lane in Colchester. Minuteman Press is a market leader in printing and document management technology.
Harris represented Minuteman Press and Bradley represented the landlord, the Mesirow Family Trust.
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Northern New England
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