Accomplishing a consulting mission that led to the expansion and leasing of real estate

Auburndale Realty Co., Newton, Mass. is pleased to announce July 26, 2018 that it has recently completed a counseling assignment that resulted in the expansion and leasing of 5 Forge Parkway, Franklin, Mass. Rob Nahigian, FRICS,SIOR,CRE,MCR was the real estate counselor representing the ownership, JD Family Trust on the additional leasing of its industrial facility to New England Treatment Access, Inc (NETA). NETA is a Massachusetts non-profit corporation with its roots in Colorado. The tenant had originally signed a long-term lease in 2013-14 years ago for approximately 61,000 sf of warehouse, 10,000 sf of mezzanine space and 1,176 sf of garage space. The total square footage was 71,326 sf for medicinal marijuana grow facility. Nahigian served as the real estate counselor on the first phase of the assignment for JD Family Trust for the 71,326 sf. The warehouse facility was formally occupied by Ferguson Plumbing for a number of years. NETA approached JD Family Trust to lease the entire facility as its medicinal facility back in 2013. NETA was one of the first entities to receive a license from the State to grow medicinal marijuana. NETA has had immense success in Colorado and brought that experience to Massachusetts.

Providing consulting services regarding the sale of 3 medical housing complexes in Waltham

Sept. 2017, Provided counseling services on the sale of 3 medical condominiums in Waltham, MA. Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. counseled the sale of two medical office condominiums at 20 Hope Avenue, Waltham, MA on September 15, 2017. The seller was a family trust with Karen Shields of Newton, MA as the Trustee and the buyer was Kuchnir Realty LLC. The Waltham Medical Office Building condominiums are adjacent to Children’s Hospital in the Waltham-Weston medical area. The selling price was $166,000 for the two units. Rob Nahigian served as the real estate counselor on behalf of the seller and is advising on the disposition of a group of medical condominiums owned by the seller. Rob served at the Real Estate Counselor for the seller.