Big office building sells for small price

Site home to mostly artists, small businesses

NAI Hunneman Commercial brokered the sale of a 136,000-square-foot office building in the Florence section of Northampton, Mass.,

The Brush Works LLC purchased the property for $2.1 million from Molding Business Services.

Known as The Arts & Industry Building, the property at 221 Pine St. is home to 90 tenants, mostly artists and other small businesses. The building, which was built in 1866, has been virtually full for 10 years since its redevelopment in the early 1990s, and currently has a waiting list for new tenants, according to a press statement.

Northampton, a city of 30,000 people, is a diverse community well known for its museums, theaters, art galleries, antique stores, cafes, eclectic shops and great restaurants.

Boston-based NAI Hunneman Commercial provides commercial real estate services in more than 340 markets across the nation and around the world.