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CVS Site In Dedham Fetches $14.1M

May 31, 2012 | Reprints | Unlock Link | Print

A newly constructed, 12,900-square-foot building in Dedham has sold for $14.1 million.

The property at 945-947 Providence Highway is located directly on Route 1 across from Legacy Place, and is home to a CVS Pharmacy along with a Sovereign Bank branch.

NAI Hunneman Executive Vice President/Principal David N. Ross represented the buyer, Lucy Dedham LLC, while Craig Barker from Boston Real Estate Advisors represented the seller, Nissan Realty LLC.

"The property offered the buyer a strong asset with a high-credit tenant in a strategic location making it a very appealing investment," said Ross.

Commercial & Industrial