As the exclusive agent for Riverview Industrial Park, LLC, Anthony Triglione, broker, with The Kane Company, Inc. finalized the sale of Building B - a 17,285 s/f free-standing build-to-suit industrial condominium.
"There was very limited availability of inventory for this size and type property for sale in the Danvers/Middleton area and we knew that the market would respond accordingly. In addition, the efficient design/build process and quality construction by DiGiorgio and Messina Construction really helped in the sales process", says Triglione.
Developed in 2009, Riverview Industrial Park, located off Rte. 1 & 114 has only 12,000 s/f remaining for sale/lease from its originally permitted project of 80,000 s/f.
"We knew we would have a successful project, even in this economy, because of our excellent location, versatile product with 24' ceilings and limited supply of industrial properties for small-medium size businesses. Plus, since the spaces are currently in 'shell condition' we can easily customize the spaces to match the office and industrial requirements of the user," said developers Ralph DiGiorgio, Anthony Messina, and Mick Lafata.
Financing was arranged by North Shore Bank and the buyer, Tool Technology, Inc. was represented by Chris Everest, of Norlund Associates.
Founded in 1981, The Kane Company is the leading commercial and industrial real estate services company in New Hampshire, southern Maine and northern Massachusetts. Offering brokerage, development, real estate development, property management and consulting services, The Kane Company stands apart with a reputation of providing the highest quality real estate expertise to its clients. Its market knowledge, value-added capabilities and unmatched transaction history have helped make it the leader in the commercial real estate field. For more about the company, or to view all listings, visit www.netkane.com