Auburndale Realty has been engaged to represent Miele as its corporate tenant representative for a Boston area innovation center.

March, 2021, Auburndale Realty has been engaged to represent Miele as its corporate tenant representative for a Boston area innovation center. Miele is a privately-held, German-based firm that specializes in luxury high home appliances. Miele has over 20,000 employees in over 50 countries including North America and Europe

Completion of advice on the sale of Dawson Industrial Park

March 12, 2021, Marlboro, MA, Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce the completion of a counseling assignment on the sale of Dawson Industrial Park at 50 Brigham Street, Marlboro, MA on March 12, 2021. The sale was completed from A.P. Dawson Realty Trust, LLC as the seller and Safety-Kleen Systems, Inc. as the buyer. The property was sold for $1,950,000. The park contains approximately 4 buildings of 31,445 gross square feet of industrial and office space. Safety Kleen is also a tenant in the park. The park was originally purchased by Mr. Alden Pearlstein on July 9, 1976 from the U.S. Small Business Administration that included a grain silo tower. In 1981, he purchased a small parcel from the Consolidated Rail Corporation. Over the years, Rob has advised Mr. Pearlstein on the renovating and development of new industrial buildings and providing leasing services since 1982. Mr. Pearlstein’s daughter, Myrna Sheehan, has been managing the property for the last ten years working with Rob. Rob continued with counseling services on renewal negotiations. The property is also currently leased to AA Cleaning and Sentinel Process Systems, Inc. The buildings are comprised of metal, block and split-rib block construction and serviced by town water and town sewer. The property also contains a rail spur that is used by Safety Kleen. At one time the entire portfolio included the adjoining property at 60 Brigham Street and totaled over 4.5 acres with 2 houses and approximately 50,000 square feet of property of industrial/office space.

One year land lease

March, 2021, Columbus, Ohio, Rob Nahigian,FRICS,SIOR,CRE,MCR of Auburndale Realty Co. has been engaged as a real estate counselor to a DeepEdge to advise on the acquisition of an office tower in Columbus, Ohio and a 99 year ground lease. This is a potential new acquisition for this client that has been purchasing properties on the east coast and mid-west. Rob has been working in locations for DeepEdge on other acquisitions and lease renewals in Charlotte, Reno, Minneapolis, Portland, Boston, Longview, and Orlando.