The first tenant that committed to the project was Wendy’s International Hamburgers who agreed to a long-term ground lease and constructed a state-of-the art 2,500 square foot restaurant. This transaction occurred during the Spring of 2012. The second lot sale and user committed during July 2015 and is the anticipated future location of a Midas Auto Service and Tires. Construction has commenced during July, 2015.The final lot was sold during July, 2015 to an investor who acquired the Wendy’s ground lease and the third lot. The investor has not decided on a final plan for the third lot.
Auburndale Realty Company
Auburndale Realty Co., founded in 1949, specializes 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 the first real estate syndicators in Boston, 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.
Recent Posts
- AYER, MASS. June 14, 2024
- Nahigian speaks on RIAR panel on recent NAR commission lawsuit, June 13, 2024 June 14, 2024
- Nahigian lectures at Boston University, 2024 April 4, 2024
- Nahigian to lecture for MA NAIOP April 2024 April 4, 2024