{"id":1004220003,"date":"2018-04-20T06:37:56","date_gmt":"2018-04-20T14:37:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004220003"},"modified":"2022-12-09T01:20:36","modified_gmt":"2022-12-09T09:20:36","slug":"nkf-arranges-sale-of-boston-area-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-boston-area-mixed-use-asset\/","title":{"rendered":"NKF Arranges Sale of Boston-Area Mixed-Use Asset"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004220006\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004220006\" data-attachment-id=\"1004220006\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-boston-area-mixed-use-asset\/ames-business-park-in-somerville-mass\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg\" data-orig-size=\"1174,880\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1523966316&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Ames Business Park in Somerville, Mass.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ames Business Park in Somerville, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg?w=1024\" class=\"wp-image-1004220006 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg 1174w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004220006\" class=\"wp-caption-text\">Ames Business Park in Somerville, Mass.<\/p><\/div>\n<p>Rafi Properties LLC has purchased the roughly 300,000-square-foot Ames Business Park in Somerville, Mass., from JWF LLC. NKF Capital Markets represented the seller which, according to public records, purchased the asset in 2003. The <a href=\"https:\/\/www.commercialsearch.com\/news\/divcowest-breaks-ground-on-45-acre-mixed-use-project\/\">Boston-area mixed-use complex<\/a> functions as an innovation hub, its tenants including nonprofit, early stage startup and manufacturing companies.<\/p>\n<p>The property is located at 21 Properzi Way near Union Square, in the Ward Two neighborhood. Summerville, situated northwest of downtown Boston, has been known for its support of local business owners and startups. The asset is currently occupied by anchor-tenants, such as Greentown Labs, Artisans Asylum, Brooklyn Boulders and Aeronaut Brewing Co.<\/p>\n<p>The history of the property dates back to 1938, when Ames Safety Envelope Co. moved into the first building. The company gradually grew, and so did the Ames Building complex, with the sequential expansion of the site. The last structure was annexed in 1987.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ames Business Park&#8217;s history dates back to the 1930s, when the Ames company moved into the first building. Since then, the complex has expanded and transformed into a multi-tenant innovation hub.<\/p>\n","protected":false},"author":739,"featured_media":1004220006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21752,21742,10],"tags":[36007],"class_list":["post-1004220003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-mixed-use","category-latest","category-northeast","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NKF Arranges Sale of Boston-Area Mixed-Use Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-boston-area-mixed-use-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Arranges Sale of Boston-Area Mixed-Use Asset\" \/>\n<meta property=\"og:description\" content=\"Ames Business Park&#039;s history dates back to the 1930s, when the Ames company moved into the first building. Since then, the complex has expanded and transformed into a multi-tenant innovation hub.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-boston-area-mixed-use-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-20T14:37:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:20:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1174\" \/>\n\t<meta property=\"og:image:height\" content=\"880\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"NKF Arranges Sale of Boston-Area Mixed-Use Asset\",\"datePublished\":\"2018-04-20T14:37:56+00:00\",\"dateModified\":\"2022-12-09T09:20:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/\"},\"wordCount\":173,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/04\\\/Ames-Business-Park-in-Somerville-Mass.-e1523967818889.jpg\",\"keywords\":[\"Newmark Knight Frank\"],\"articleSection\":[\"Boston\",\"Deals\",\"Investment\",\"Mixed Use\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nkf-arranges-sale-of-boston-area-mixed-use-asset\\\/\",\"name\":\"NKF Arranges Sale of Boston-Area Mixed-Use Asset - 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