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.

One year land lease

March, 2021, Columbus, Ohio, Rob Nahigian,FRICS,SIOR,CRE,MCR of Auburndale Realty Co. has been engaged as a real estate counselor to a DeepEdge to advise on the acquisition of an office tower in Columbus, Ohio and a 99 year ground lease. This is a potential new acquisition for this client that has been purchasing properties on the east coast and mid-west. Rob has been working in locations for DeepEdge on other acquisitions and lease renewals in Charlotte, Reno, Minneapolis, Portland, Boston, Longview, and Orlando.

Completed assignment of advising on KinderCare lease renewal

September, 2018 Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce the completion of a counseling assignment on the lease renewal of KinderCare and WF Lacey &Sons, Co. f Salisbury, MA. Rob represented WF Lacey as the landlord’s real estate advisor in the negotiations of this long-term lease renewal that now has a control period for the next three decades. The building was developed for KinderCare as a build-to-suit in 1999 as a one-tenant child care facility. The property has over 12,700 square situated on 4.4 acres. The building is located at 262 Concord Road, Billerica, MA in the Concord Corporate Park and abuts Rt. 3. KinderCare has over 1400 locations nationwide with over 32,000 teachers and serving over 170,000 children. KinderCare is headquartered in Portland, Oregon. WF Lacey & Sons is headquartered in Salisbury, MA.