Rader Properties Completes Two Sale Transactions Totaling $19.35 Million

0
957
93 Longwater Circle, Norwell , MA

FALL RIVER, MA–Rader Properties, Inc. announced the sale of 456 Bedford Street, Fall River, MA. Previously, Rader Properties represented Congruity 360 with its corporate headquarters office relocation and the purchase of 93 Longwater Drive, Norwell, MA.

The 199,902 square foot, state-of-the-art Tier III/IV data center was sold on a fully-leased basis in a sale/leaseback to Rhino Capital, LLC. Rader Properties worked with the Seller, 56 Realty Trust/Congruity 360 to negotiate a long-term lease and to procure the Buyer.

David Mitchell of Rader Properties noted, “This was a great opportunity for both parties to fulfill their long-term objectives. Through our existing relationships, we were able to procure the right Buyer for this transaction.” The sale price for 456 Bedford Street was $15,450,000.

Previously, Rader Properties represented Congruity 360 with its corporate headquarters office relocation and the purchase of 93 Longwater Drive, Norwell, MA. Rader Properties conducted an extensive search, including lease options, and successfully procured the 93 Longwater Drive property which was not being marketed at the time for sale. 93 Longwater Drive is a 20,079 square foot, two-story, first-class office building located in the established Assinippi Business Park just off Route 3. The property offers Congruity 360 a true corporate headquarters identity as they occupy the entire second floor. The first floor was leased at the time of sale. The Seller was Jumbo Capital Management and the sale price was $3,900,000.

David Mitchell and Jim Rader of Rader Properties represented Congruity 360 in each transaction.

Rader Properties is a full-service, commercial real estate brokerage and management firm providing services throughout the South Shore and the greater Boston area.