Marion, MA — Coastal Commercial Real Estate is pleased to announce the successful acquisition of 513 Mill Street in Marion by Teledyne, a multinational organization with a long-standing presence at the facility. The transaction was brokered by Rick Trapilo of Coastal Commercial, working alongside Lori A. Nery, Broker and Vice President of Coastal Commercial.

This significant commercial real estate transaction was the result of extensive collaboration among Teledyne’s corporate leadership, legal counsel, real estate professionals, and agents representing the various parties involved.

“Transactions of this magnitude require more than simply bringing a buyer and seller together,” said Trapilo. “They require experience, persistence, communication, and the ability to coordinate the many professionals involved while keeping everyone focused on achieving a successful closing. I am extremely proud of the collaborative effort that brought this transaction to completion.”

The acquisition represents an important outcome for the Marion community and the local economy, helping ensure that Teledyne can maintain its established presence at the facility while supporting the continued employment of its workforce in the region.

For Coastal Commercial, the transaction also demonstrates the importance of experienced representation when navigating complex commercial acquisitions involving corporate organizations and multiple professional parties.

“Keeping an established company like Teledyne in Marion is a meaningful outcome not only for the parties involved, but for the surrounding community,” said Lori A. Nery. “Rick did an exceptional job navigating a complex transaction and working with everyone involved to get it across the finish line. We are proud of the role Coastal Commercial played in helping Teledyne continue its investment in the SouthCoast.”

Coastal Commercial’s experience in complex commercial transactions and its ability to work effectively with corporate organizations, attorneys, brokers, and other professionals were instrumental in navigating the transaction from initial negotiations through closing.

“This is exactly the type of transaction where professional commercial real estate expertise makes a difference,” Trapilo added. “Our goal was to create a successful outcome for all parties while helping preserve an important corporate presence and employment base in Marion. We are proud to have played a role in making that happen.”

Coastal Commercial Real Estate is a New Bedford, Massachusetts-based commercial real estate firm affiliated with The Nery Corporation, providing experienced representation to property owners, investors, businesses, and developers throughout Southeastern Massachusetts and Rhode Island. With more than 25 years of industry experience, the firm specializes in the sale and leasing of office, retail, industrial, investment, land, and development properties, guiding clients through commercial real estate transactions with local market expertise and a results-driven approach.

Coastal Commercial congratulates Teledyne and all of the professionals involved in successfully completing this important transaction.