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Owners Developers & Managers
Posted: December 15, 2017
Minnerly, Osvold and Hannigan of NAI Hunneman arrange 53,700 s/f lease
Foxboro, MA NAI Hunneman completed a 53,700 s/f lease with IDI Distributors at 45 Panas Rd. IDI is relocating from 1245 Providence Highway in Sharon to the newly constructed office/warehouse building located within Panas Park off Rte. 1. Executive vice president Cathy Minnerly, vice president Ovar Osvold and associate Sean Hannigan represented the landlord, Hercules Realty, in the transaction, while IDI was represented by Tim Carlson and Elizabeth Geary of Cresa Partners.
“45 Panas Rd. provides IDI Distributors with a brand new, first-class facility that can address both immediate and long-term needs, while maintaining their strategic location along Rte. 1,” said Minnerly.
Situated on the northbound side of Rte. 1, 45 Panas Rd. offers 32’ clear heights, an abundance of loading, ESFR sprinklers and outside storage.
NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market.
NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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