Development Associates Co-Brokers Purchase of 80,000 sf Industrial Facility

Development Associates of Agawam, MA has co-brokered the purchase of the former Dow Jones mail facility with the seller’s agents: Doug MacMillan of MacMillan & Sons of Springfield, MA and the Fischer Co. of Dallas, TX. The property, known as 102 First Avenue in Chicopee, MA, is strategically located at the intersection of I-90 (MA Turnpike) and I-291.

The 80,040 sf building, which is now available for lease, is ideal for manufacturing/distribution/warehouse. The facility features 5 dock doors along with a recessed side-loading dock, finished offices, open space area, and a large warehouse with plenty of on-site parking.

Development Associates secured the financing for one of it’s affiliated investor groups through their relationship with Chicopee Savings Bank.

Development Associates, a commercial real estate development company, has added this property to its property management portfolio of over 2,000,000 sf of commercial real estate in Northern CT and MA.

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