Friday, February 11, 2011

Two Salem Buildings Sold, One to Wine Importer

Two commercial buildings totaling 23,000 square feet in Salem have been sold, one to a wine importer.

One warehouse is being renovated to provide a larger and more consolidated operation for Andes Importers Inc., an importer and distributor of fine wines. The second is under a multi-year lease.

The buildings are located at 1993 and 2001 Salem Industrial Drive.

“This is a substantial transaction that hopefully reflects some much-needed activity in the local commercial real estate market,” says Boyd Johnson, director of asset management of Hall Associates, which brokered the deals. Hall Associates was able to facilitate the transaction from initial visit to closing is less than 45 days.”

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