NAI Hanson facilitates multimillion dollar sale of 23,000 sq. ft. retail building in Springfield

Commercial real estate firm NAI James E. Hanson announced Monday that it has facilitated a multimillion-dollar sale of a 23,000-square-foot building in Springfield.According to the announcement, the property, known as The World of Tile building, is located at 146-152 Route 22 West.

NAI Hanson Senior Vice President Josh Levering, SIOR, and Director of Capital Markets Greg James, represented the estate that sold the property.  The buyer, Flintstone Realty, has yet to unveil what it plans to do with the property.

“This was a relatively complicated transaction, as we represented the estate selling the property and needed to complete this assignment in a very short period of time.” Levering said in a prepared statement. “It was essential that we worked very closely with the sellers and the attorneys representing and consulting the estate. In this case, we were engaged by the attorneys for the buyer.

“The ability to fully understand the various needs of the sellers, as well as working closely with legal council on both sides was imperative. Additionally, we had responsibility to consult with financial and environmental experts, which was necessary for the successful conclusion of the deal.”

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