Rob Nahigian, FRICS,SIOR,CRE,MCR has completed a five year project to sell Twin City Center, a 300,000 sf retail center located in Leominster, MA. The project closed the first week of May, 2023. Rob has advised to the ownership since 1994 repositioning the tenancy and financials. He then worked on contacting institutional and regional buyers for this retail project.
Month: May 2023
Nahigian speaks at MD Association of Realtors, May 4, 2023
The Maryland Association of Realtors Commercial Division invited Rob Nahigian of Auburndale Realty Co. to speak at its regional event in Hanover, Maryland at Live! Casino on the future of global logistics and supply chain. The event attracted 90 commercial attendees and was held on Thursday, May 4, 2023 in the Grand Ballroom not far from the BWI airport. The annual symposium is held for real estate brokers and practitioners interested in commercial real estate. The MD Secretary of Commerce, Kevin Anderson, spoke prior to Rob Nahigian about the investment that Maryland is making to build its infrastructure and to spur new company growth. Both Rob and Secretary Anderson met prior to the event and spoke about the Trade Point Logistics Hub that Rob has visited the day prior to the event. Trade Point is located at the former Bethlehem Steel location at Sparrow’s Point and will be the largest logistics hub on the U.S. east coast. It currently houses over 10 million square feet of distribution space to such companies as Amazon.
Rob’s program “From Shanghai to Your Shelf” discussed the 4 intermodals, the changes with the Suez and Panama Canals, the advantages and disadvantages of east coast ports, rail, air and trucking systems, 3PLs and logistic hubs. Most importantly he shared the mathematical regression models that internal real estate departments engage to develop an industrial real estate decision on site and facility options in the marketplace. Rob had also recently delivered this presentation in Boston at the 2022 Counselors National Conference and has delivered this program numerous times since 2013. He has visited over 20 ports and inland ports for his research.