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Deals & Dealmakers

Colliers Completes Two Industrial Warehouse Leases Totaling More Than 130,000 Square Feet of Space in Avon, Massachusetts

Colliers, the leading global commercial real estate services firm, announces that it has arranged two industrial leases at 54 Bodwell Street and 61 Strafello Drive totaling more than 130,000 square feet of space. Colliers completed both transactions on behalf of the landlord, DH Property Holdings. Colliers also represented both tenants; DCNE, one of New England’s premiere wholesale HVAC distributors and Navisun, a solar power producer. A Colliers team led by Ovar Osvold, Sean Hannigan and Kevin Brawley arranged the deals.

DCNE will occupy a full, 70,337-square-foot warehouse at 54 Bodwell Street. Located on a 4.64-acre lot in a prime industrial zone, the modernized space features a total of 13 loading docks, including 2 drive-in docks, ample power, and a fully functioning customer showroom. The property offers supreme access for DCNE’s customers.

Navisun, meanwhile, has leased the entire, 60,282-square-foot facility at 61 Strafello Drive, which is located in the same industrial park as the property on Bodwell Street. The property was recently upgraded to provide the tenant modern features needed for their operation. The Colliers team completed the transactions as industrial sector fundamentals remain healthy in the Greater Boston area, with vacancies significantly below the ten-year average, according to the latest Boston industrial market report from the company.

“We are thrilled to have finalized both of these lease transactions for DH Property Holdings,” said Ovar Osvold, Executive Vice President at Colliers. “Both DCNE and Navisun had their own specific needs when it came to finding the ideal space, and we were fortunate to have been able to identify and execute the right deals for both groups. It was truly a win-win scenario all around.”

“We’re excited to see that two of our leading warehouse locations will be home to industry leaders like DCNE and Navisun,” shared Dov Hertz, President DH Property Holdings. “We also would like to thank the team at Colliers for their professionalism and for engaging with both us and DCNE and Navisun to make the deals as smooth as possible. We continue to believe in the strength of the Class B market in Greater Boston, with a supply that has declined by nearly 5% since 2008, and a sub-4% vacancy rate for the past 28 quarters.”

Both properties are conveniently located within a 30 minute drive to Boston. The warehouses are also within close proximity to I-93, connecting the location to Vermont, New Hampshire and the New England region.

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