600 Longwater Drive, NorwellA 70,000-square-foot office building in Norwell has sold for $7.9 million.

Oasis Longwater LLC sold the building at 600 Longwater Drive, which is located in the Assinippi Park. The multi-building commercial business park is the headquarters location of such firms as Clean Harbors, Zildjian Cymbols and Computer Merchant.

"This building represents a terrific opportunity to acquire a first-class building at well below its replacement value," according to a statement from Rader Properties, which brokered the sale.

The new owners intend to refurbish the common areas, upgrade the mechanical systems and building signage and build out the vacant tenant suites to suit each tenant’s specific needs. The building at 600 Longwater is currently 78 percent leased and has available suites ranging from 4,500 square feet to 8,000 square feet. The new owners, Jumbo Capital Management LLC, have retained Rader Properties to handle the leasing of the building.

David Mitchell and Jim Rader of Rader Properties represented the seller and procured the buyer in the transaction.

Norwell Office Building Fetches $7.9M

by Banker & Tradesman time to read: 1 min
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