Jim Grady with NAI Hunneman Commercial's Boston office tells GlobeSt.com that the property at 50 Eastman St., which has been on the market about two years, found "the perfect buyer" in Maxton, which agreed to Canam's lease-back requirement. The company had used the entire building for steel fabrication, but moved the operation to its other facilities, Grady says.
Grady says similar office space in the Easton area generally rents in the $9 per sf to $12 per sf range, triple net. The building, sitting on about 1.75 acres, received "a fair amount of interest" during its two years on the market, according to the broker. But, it was Maxton's $1.5-million offer and the buyer's willingness to lease the office space that made it "an ideal fit," explains Grady, who represented the seller and procured the buyer in the transaction.
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