Trico USA has purchase a 60,000 s/f industrial building located at 99 Atkinson St. in the Newmarket Sq. area. The building, formerly owned by the Greater Boston Food Bank, was purchased for $3.75 million. The property is located adjacent to Trico's existing 70,000 s/f building at 120 Southampton St.
The purchase demonstrates Trico's long term commitment and confidence in the Newmarket area as a viable business location within the city. Mark Stevens, principal of The Stevens Group, represented Trico in the acquisition, providing real estate advisory services, assisting them in identifying viable options, and negotiating the terms of the transaction. The Food Bank was represented by Steve Murphy of CB Richard Ellis.
Trico, which has been in the Newmarket location for 10 years, will be consolidating two other operations into the Atkinson St. building. According to Trico's president, Gary Wong, Food Pak Express, a division of Trico USA, will occupy the building when renovations are complete. Food Pak Express is an importer, manufacturer and wholesaler of food products from around the world, supplying restaurants, grocery stores, and caterers throughout the Greater Boston area. In addition, they also carry a complete line of kitchen equipment and restaurant furniture and fixtures.
The Stevens Group is a commercial real estate advisory firm located in Boston, specializing in exclusively representing companies in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is a member/partner of the International Tenant Representative Alliance (ITRA) with offices in major cities around the world.