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Colliers Brokers $12.5 Million Industrial Investment Sale

320Agawam

Quincy, MA based real estate investment firm, The Grossman Companies, has sold one of its holdings, 320 Bowles Road in Agawam, MA.

The buyer, Cardinal Industrial San Diego, Inc. is "a privately held commercial real estate company that focuses on providing best-in-class warehousing and distribution solutions to its business clients and generating long term, stable cash returns for its investors". While they portfolio includes industrial properties across the US, this is their first acquisition in the state of Massachusetts. 320 Bowles is a 129,000 SF industrial building which is fully leased to TW Metals and OMG, Inc.. 

Nicholas Morizio, SIOR CRE of Colliers in Hartford, CT, represented Cardinal Industrial in this transaction.

About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn