“James Felt Creative Counseling Award”

– January, 2013 Rob Nahigian, CRE of Auburndale Realty Co. Newton, Mass. was appointed as the 2013 Chair of the “James Felt Creative Counseling Award” for The Counselors of Real Estate. The committee reviews submissions from fellow Counselors of Real Estate members who believe that they have worked on a real estate consulting project that is of the highest achievement and uniqueness of any counseling assignment in the U.S. James Felt was a prominent real estate pioneer, former Chairman of the New York City Planning Commission and a trustee of many well-known corporate and philanthropic boards. Felt was known for his strong sense of integrity and client accountability in his creative counseling techniques to resolve complex real estate problems. Rob had been honored to have received this award in 2009 and was responsible with his committee to select a recipient for 2013.

Industrial building rentals at 5 Forge Parkway

Rob was also engaged to counsel the partnership on the leasing of its 20,800 square foot industrial building at 7 Forge Parkway and its 65,000 square foot warehouse building at 5 Forge Parkway. The ownership of 7 Forge Parkway, J,J&K Enterprises, was counseled by Rob Nahigian on the leasing of its vacant industrial facility to Happy Tails Doggy Daycare, Inc. The tenant signed a long-term lease for this 20,800 sf building which relocated from 31 Hayward Street in Franklin, Mass. Rick Kaplan of RE/Max was the broker for Happy Tails Doggy DayCare, Inc. The lease negotiations occurred during the fall of 2011 and finalized in the winter of 2012.

Conduct an initial analysis of the highest and best use of the property of the former Kuwait Oil Company

For the 505 W. Central 4 acre retail site, Rob was engaged as the partnership’s real estate counselor during the summer of 2009 to initially conduct a highest and best use analysis of the former KOC property. The result was a 3 lot retail subdivision located on Rt. 140 near Rt. 495 of which Rob advised on the site design, investment feasibility, and lease negotiations and disposition of the project. Numerous site plan schematics were initially developed for this 4 acre site so that it could be developed into a higher and best use commercial scenario. Numerous commercial and retail tenants had expressed interest in this site and eventually the site was designed into 3 pad lots for free-standing end-users.