Mittas Holdings & DGP Properties Acquire Office Building In Springfield, MA For $6M

Mittas Holdings, LLC and DGP Properties, LLC have acquired an office property located at 1550 Main Street in Springfield, MA. The property was sold by MassDevelopment, with Mike Kennealy representing the seller in the transaction. The sale took place on January 9, 2023, and the property was purchased for a total price of $6,000,000. The office building spans approximately 130,000 square feet, resulting in a price per square foot of $46.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,000,000
• Address: 1550 Main Street, Springfield, MA
• Market: Springfield, MA
• Buyer: Mittas Holdings, LLC & DGP Properties, LLC
• Seller: MassDevelopment - Mike Kennealy
• Square Footage: 130,000
• Price Per Square Foot: $46

The acquisition of this office property was facilitated by Mittas Holdings, LLC and DGP Properties, LLC. These companies strategically invested in this asset to further their real estate portfolio.