According to Avison Young, Blue Diamond Real Estate Group, LLC has purchased 55-65 Sharp St. for $4.025 million.
Avison Young principal Kevin Malloy, along with Brandon Dickason, a vice-president in the Boston office, represented the seller, Lansdowne Partners Limited Partnership.
"55-65 Sharp Street is located in one of the most desirable markets south of Boston," said Malloy. "Current occupancy rates confirm that the area is continuing to attract growing companies while maintaining its small town charm."
Comprising three office/flex buildings totaling 37,700 s/f, the complex sits on a 5.71 acre site and offers 10,000 s/f of office space and 27,000 s/f of warehouse space. Notably, an additional 110,000 s/f can be built on site, which is approved to serve as general office, warehouse, or light industrial/manufacturing space.
As home to the prestigious Black Rock Country Club, Derby Street Shops and The Launch at Hingham (which features Wahlburgers restaurant), the town of Hingham is steadily becoming one of New England's premier live-work-play destinations.
Blue Diamond Real Estate was started in 2009 by Leah Vazza. Continuing a 65-year, multi-generational family business, the company focuses on flex commercial, retail and multi-family properties. Blue Diamond Real Estate has developed in excess of 2,000 multi-family residential units and 10 million s/f of commercial, retail, and industrial properties throughout New England, Florida and Arizona.
Avison Young is one of the world's fastest-growing commercial real estate services firms. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, the company comprises more than 1,500 real estate professionals in 58 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.