"Butera Properties purchased a quality property in Shore Pointe, with the marina component, the unique design, and the high visibility and easy access associated with its Exit 16 (off I-95) location," says Jeffrey Dunne of CB Richard Ellis.
Connview acquired the property two years ago from a lender and spent considerable time repositioning the property. The building at the time of sale was 97% leased. Tenants include Carvill, Contichem (a division of Continental Grain), and Nasdaq. Shore Point was built in 1985.
"We are very pleased with the success in repositioning this previously neglected property," says Alex Walker, president of Prospect Realty and co-managing partner of Connview. "Shore Pointe offered a unique combination of quality, location and exceptional water views for the small to mid-size company," adds Ogden Hunnewell, president of Nordic Properties and co-managing partner of Connview.
Connview is an investment partnership between Prospect Realty of Greenwich, CT and Nordic Properties based in Burlington, MA. CB Richard Ellis officials say that Conview is actively seeking opportunities throughout southern New England. The firm currently owns properties in Connecticut and Rhode Island.
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