Jennings Real Estate Services sells 90,000 s/f industrial building for $6.4 million

Agawam, MA Jennings Real Estate Services has completed the $6.4 million sale of 609 Silver St., a 90,000 s/f industrial building located in the Agawam Industrial Park.

The transaction closed on August 7, 2026. The buyer, Applied Chemistries Inc., is an established Agawam-based company purchasing the facility to relocate and expand its local operations.

Jennings Real Estate Services represented the property throughout its complete ownership life cycle. The firm assisted the ownership group with its $1.25 million acquisition in 2012, subsequently leased portions of the building to LKQ Corp and Surteco North America, and represented ownership in the recent sale.

The progression from acquisition through stabilized occupancy and disposition illustrates how active leasing and long-term asset management can create value for industrial property owners. The $6.4 million sale price represents an increase of $5.15 million over the property’s 2012 acquisition price.

“609 Silver St. is a strong example of the value that can be created when brokerage is viewed as a long-term relationship rather than a single transaction,” said a representative of Jennings Real Estate Services. “Our knowledge of the building, its leasing history and the Agawam industrial market helped us connect the property with a local company that needed the space to support its continued growth.”

The industrial building offers eight loading dock doors, clear heights ranging from 19 to 20 ft. and 24 ft by 40 ft. column spacing. An ESFR sprinkler system serves approximately half of the building.

The property provides access to Rte. 57, I-91 and the broader Western Mass. and Northern Connecticut labor and distribution network.

The building’s size and physical configuration made it well suited for Applied Chemistries, which sought a permanent location capable of accommodating its relocation and expansion without leaving Agawam.

Industrial availability remains limited in portions of Western Massachusetts, particularly for companies seeking larger facilities with functional loading, suitable clear heights and convenient highway access. These requirements can make existing industrial buildings with established operating histories attractive alternatives to new construction.

Jennings worked with the parties to structure a transaction that addressed the buyer’s operational requirements while delivering a successful disposition for ownership.