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Hanover Industrial Property Sells For $4.5M

Oct 10, 2014 | Reprints | Unlock Link | Print

Circuit Street Ventures LLC has sold 342-348 Circuit St. in Hanover for $4.55 million.

The property consists of two industrial buildings totaling 168,144 square feet. The buyer was 4M 16 Commerce LLC.

The Circuit Street buildings are home to two of the area’s largest employers, Sturtevant Inc. and Eyesaver International Corp. The new owner plans to make several improvements to the property, including adding dock high and drive-in loading, new warehouse lighting and a new façade, and has hired The Conrad Group as exclusive listing agent.

The Conrad Group’s James McEvoy, senior vice president and Bob Conrad, president, represented the seller, and Rick Barnes of Cambridge Capital Advisors represented the buyer in the transaction.

Commercial