NAI Hunneman Completes $5.6 Million Sale Transaction at 22 Pond Street in Norwell
South team represents Herb Chambers in the sale of a 21,084 SF car dealership located at the intersection of Routes 228 and 53
BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently completed the $5.6 Million sale of 22 Pond Street in Norwell, MA. The building’s current tenant, McLaren Auto and its owner BMD, LLC exercised a purchase option in their lease and acquired the property from seller Herb Chambers.
NAI Hunneman south team members Cathy Minnerly and Ovar Osvold represented the seller while the buyer was represented by Kathy Doyle of Curran Capital, LLC.
“The property has been a great location for McLaren Auto and the time was right to exercise their purchase option to have more flexibility with regards to their growth as well as any improvements that the dealership wanted to make over time,” said Minnerly.
Fronting Route 228 and located next to the intersection of Route 53 (Queen Anne’s Corner), 22 Pond Street totals 21,084 SF of showroom and back of house automotive operations with clear heights ranging from 18’ - 22’. The 2.43-acre property has six drive-in doors, wet and dry sprinkler systems, and parking for up to 175 cars.
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 of 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 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit www.naihunneman.com.