Feb. 2022, FRANKLIN, MA Rob Nahigian, FRICS, CRE, SIOR, MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce that he has completed a counseling assignment for JJ&K Enterprises of Franklin, MA on the lease renewal of 7 Forge Parkway, Franklin, MA. Rob assisted in the lease negotiations for the landlord, JJ&K Enterprises and its tenant, Happy Tails Doggy Day Care, for 20,800 square feet flex building. Happy Tails Doggy Day Care has been in the building for 10 years and has signed a long-term lease. Rob assisted and counseled in the negotiations of the letter of intent and the lease renewal.
Month: February 2022
Chaos, disaster, and confusion: the state of logistics/industrial real estate in the supply chain.
Feb. 24, 2022, CHARLOTTE, NC Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. was invited by the SIOR Carolina Chapter to be its keynote speaker at its annual SIOR Carolinas Regional Event. Rob’s presentation was entitled “Chaos, Calamity and Confusion: The State of Logistics/Supply Chain Industrial Real Estate.” There were over 100 SIORs and guests attending the event at the Grand Bohemian Hotel in Charlotte, NC. The Grand Bohemian Hotel is a new addition to the downtown Charlotte area. Rob spoke on logistics-supply chain real estate site selection decisions and the state of the logistics-supply world. His recent research and experience revealed new game shifters in the logistics world, the update on the impact of e-commerce, the mid-west and gulf port shift, where we are headed with the port logjam and why it occurred. He also looked to the future on where industrial logistics is headed and what solutions are necessary to relieve the inventory chaos. He had multiple slides of ports and intermodals with new site selection metrics that brought the SIOR attendee the ways of future trends.
CADC Holdings’ second acquisition
Feb. 15, 2022 PORTLAND, MAINE, Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, MA and Tom Moulton, CCIM, SIOR of Dunham-Group of Portland, Maine are pleased to announce that they represented CADC Holdings/DeepEdge of Boston, MA in its acquisition of 340 Cumberland Avenue, Portland, Maine. The sale occurred February 15, 2022 for $6,900,000. This office center facility is comprised of approximately 52,272 square feet in downtown Portland. This is the second office acquisition by CADC Holdings. Rob has been engaged as its national real estate consultant by Deep Edge to negotiate building acquisitions, lease renewals, new leases and brokerage agreements on acquisitions. Rob contacted Tom Moulton who is an SIOR in Portland to assist in its search for a Portland office facility. DeepEdge currently has a facility in Charlotte, NC that it purchased as an office/data center at 701 E. Trade Street, Charlotte, NC. It has recently leased space in Reno, NV. Deep Edge has a long-term plan to acquire or lease up to twenty locations throughout the U.S. Deep Edge is a data center operation backed by private equity. Martin Hannigan is the Founder and CEO of Deep Edge located in Boston, MA. Martin has worked at Level 3 Communication has Director of Network Operations, as well as working at INAP, EarthLink Internet, Verisign, Verne Global, Microsoft and others. He has a deep level of contacts in the data center/telecommunications industry. Deep Edge is backed by two U.S. private equity companies. Deep Edge recently purchased the 37,070 square foot Charlotte office building in late 2020 and the Portland facility in February, 2022.