News: Owners Developers & Managers

Nordlund Associates handle 9,000 s/f sale

Newburyport, MA Nordlund Associates completed the sale of six industrial condominium units at 18 Henry Graf Rd. The 9,000 s/f was occupied by Whitcraft Aerospace at the time of sale and was purchased by the buyer 18 Graf LLC represented by Kevin Olson, of Nordlund. Anthony Triglione, of Nordlund represented the seller, Airpark Realty Trust.

“We engaged Anthony Triglione, of Nordlund, because of his confidence that industrial properties of this size and type would be attractive to investors given the limited supply of similar properties and other favorable market current market conditions such as low interest rates. Fortunately, the advice was accurate as multiple offers were procured quickly and the transaction proceeded smoothly to a successful closing”.

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Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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