NAI Hunneman Brokers 12,480 SF Lease on Old Colony Ave. in South Boston
NAI Hunneman’s Plunkett represents Cole Development in deal with Independent Electric Supply
NAI Hunneman recently completed a 12,480 SF lease transaction with Independent Electric Supply at 20 Old Colony Avenue in South Boston. The company is headquartered in Somerville. South Boston will be a branch operation.
NAI Hunneman Executive Vice President JP Plunkett represented the landlord Cole Development while Independent Electric Supply was represented by Warren Brown of Boston Commercial Properties.
“This is a great deal for both tenant and landlord. With the bustling Seaport a mere minute away, Independent Electric should do quite well,” said Plunkett.
Located at the intersection with Dorchester Avenue, 10-70 Old Colony Avenue totals in excess of 225,000 square feet of industrial/showrooml/flex/office space with generous clear heights, convenient loading and suburban-like parking ratios. The property is a very short walk from both Andrew and Broadway stations, which offer direct access to South Station, the very next Red Line stop. Office suites from 5,000-25,000 square feet are available, while flex/industrial/showroom options range from 3500-13,500 square feet.
About Cole Development
Cole Development is a third generation family business run by the Mayers. For many years it operated Cole Hersee, a top Boston manufacturer and is now focused on real estate investing/managing.
About Independent Electric Supply
Independent Electric Supply is a family owned and operated company established in 1992. With a modest beginning, dreams of success, realistic plans and an abundance of hard work, Independent Electric has grown significantly from its humble beginnings. From a single location with just a few employees, one truck and minimal inventory, the company has grown into four locations with deep inventory, fleet of trucks and many more employees.
About NAI Hunneman:
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world complete over $45 billion in transactions annually, and manage over 200 million square feet of commercial space. To learn more about NAI Hunneman and the NAI Global Network please visit www.naihunneman.com.