Boston, MA – Trico USA has purchase a 60,000 sq. ft. industrial building located at 99 Atkinson Street in the Newmarket Square area of South Boston. The building, formerly owned by the Greater Boston Food Bank, was purchased for $3,750,000. The property is located immediately adjacent to Trico’s existing 70,000 sq. ft. building at 120 Southampton Street.
The purchase demonstrates Trico’s long term commitment and confidence in the Newmarket area as a viable business location within the city. Mark Stevens, Principal of The Stevens Group, represented Trico in the acquisition, providing real estate advisory services and assisting them in identifying options and negotiating the terms of the transaction. The Food bank was represented by Steve Murphy of CB Richard Ellis.
Trico, which has been in the Newmarket location for 10 years, will be consolidating two other locations into the Atkinson Street building. According to Trico’s President Gary Wong, Food Pak Express, a division of Trico USA, will occupy the building when renovations are complete. Food Pak Express is an importer and wholesaler of food products from around the world supplying restaurants, grocery stores, and caterers throughout the Greater Boston area. In addition, they also carry a complete line kitchen equipment and restaurant furniture and fixtures.
The Stevens Group is a commercial real estate advisory firm located in Boston, MA, that specializes in exclusively representing companies in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is a member/partner of the International Tenant Representative Alliance (ITRA) with 65 offices in major cities around the world.