The grand opening of the new JC Cannistraro fabrication, manufacturing and design facility was held on Boston’s Seaport on Thursday, June 14, 2018. Robert Cleary, SIOR, CRE Colliers International and Rob Nahigian, FRICS, CRE, SIOR, MCR of Auburndale Realty Co., Newton, Mass. were the real estate advisors and brokers that took the project from initial planning to its final lease negotiations at 25 Fid Kennedy over the last 4 years. J.C. Cannistraro, LLC, of Watertown, MA is relocating its manufacturing facility with over 200 industrial employees on a 70 year long-term lease. The lease was negotiated by Bob Cleary and Rob Nahigian and is the first of its type in arguably over 50 years in the Seaport. It is significant both because of its longevity and industrial impact.
Auburndale Realty Company
Auburndale Realty Co., founded in 1949, specialized in leasing and managing rental apartments and single-family homes along the Route 128 beltway. It became the largest apartment property management company in Newton, MA. In 1960, it became one of Boston’s first real estate syndicators, specializing in apartment complex acquisitions. In 1989, Robert J. Nahigian joined the firm, with over 52 years of experience in commercial and industrial real estate. The firm has expanded its developments and holdings since 1985.
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