Development Associates Co-brokers purchase of 80,000 SF industrial facility
Development Associates of Agawam, MA has co-brokered the purchase of the former Dow Jones mail facility with the sellers agent: MacMillan & Sons of Springfield, MA and the Fischer Co. of Dallas, TX. The property known as 102 First Avenue in Chicopee, MA is strategically located at the intersection of I-90 (MA Turnpike) and I-291.
The 80,040 SF building, which is now available for lease, is ideal for manufacturing/distribution/warehouse. The facility features 5 doc doors along with a recessed side-loading dock, finished offices,open space area, and a large warehouse with plenty of on-site parking.
Development Associates secured the financing for one of it's affiliated investor groups through their relationship with Chicopee Savings Bank.
Development Associates, a commercial real estate development company, has added this property to its property management portfolio of over 2,000,000 SF of commercial real estate in Northern CT and MA.