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Car Dealership Owner Buys $13.2M Norwood Property

Mar 23, 2011 | Reprints | Print

700 Providence Highway, Norwood Elm Chester LLC has purchased a 26,000-square-foot building in Norwood for $13.2 million.

The single-story building at 700 Providence Highway was sold by 700 Providence Highway Realty Trust, according to a statement. The Norwood building sits on 6.77 acres.

Craig Barker of Boston Real Estate Advisors was the sole broker in the sales transaction.

The property is currently leased to Argonaut Holdings Inc., a subsidiary of General Motors Corp. and is used as an automobile dealership, according to a statement. The buyer operates Cadillac Village of Norwood on the property.

Commercial & Industrial