Portsmouth, RI JJManning Auctioneers completed the January 10th closing of the $8.805 million auction sale of fee & leasehold interests in Newport County’s “The Carnegie Abbey Club” held on December 4. The auction was a multi-part or in the entirety event featuring the Donald Steel designed 18-hole course, clubhouse, and 41-slip marina that lie on 280 acres on Narragansett Bay
South Windsor, CT The Coca-Cola Bottling Co. of Northern New England (CCNNE) has signed a long-term lease agreement for 200,000 s/f of built-to-suit, class A industrial building at 359 Ellington Rd. The company will use the building as a new warehouse and distribution center. Development is scheduled to be complete and the facility fully operational by November.
Quincy, MA United Multi Family brokered the sale of an 18-unit apartment building known as the Colonial Apartments at 57 Spear St. The property was sold for $3.42 million ($190,000 per unit). Kurt Cawley of United Multi Family brokered the sale.
Fairfield, CT Doyle Insurance Agency has purchased an office building at 45 Sherman St. The purchase price was $1.375 million for the 3,406 s/f building and back cottage, or $403.70 per s/f. The firm is presently located in Southport and will relocate their offices to the new location after renovations take place.
You’ve seen the Farmers Insurance commercials with tours of a make-believe museum displaying unusual real client claims the company paid. The ‘guide’ boasts: “We know a thing or two because we’ve seen a thing or two.” Similarly, when it comes to your PR/marketing, it’s best to go with experience – a pro who’s “seen a thing or two.”
Woburn, MA According to Michael Grill, president of Fairlane Properties, Inc., the firm has completed the long-term lease extension of Anixter International Inc. for 101,400 s/f at 275 Wildwood Ave. Anixter is a leading global distributor of network & security solutions, electrical & electronic solutions and utility power solutions.
Somerville, MA Middlesex Federal has appointed Daniel Devine, CFA as senior vice president and CFO. He will replace Ferdinand Martino, who retired after 33 years. Prior to joining Middlesex Federal, Devine was senior vice president and CFO at Milford National Bank & Trust Co
Boston, MA Gilbane Building Co. has promoted Mike O’Brien to business unit leader of their Mass. and Northern New England offices. A 25-year construction industry veteran, O’Brien most recently served as vice president and operations manager of the region.
Littleton, MA Lexvest Partners has purchased a three-building master planned technology park totaling 45,000 s/f on 7.86 acres of land. Beaverbrook Park is located at 9 - 11 Beaverbrook Rd. adjacent to “The Point” at Rte. 119 and I-495. Eric O’Brien, president O’Brien Commercial Properties represented Lexvest in this $2.75 million acquisition
Boston, MA Fort Point Project Management, on of the city’s leading independent project and relocation management firm, has hired Stacie McBurney as manager of Wellness for Women in Real Estate (WWIRE).
