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Two Manchester firms make way for D.C. group’s land play

Divaris Real Estate brokers Read Goode and Cheryle Toy are representing ... Outside Richmond, it has offices in Chesapeake, Roanoke, and Charleston, West Virginia. Bass Crane Service dates back to the early 1900s. Owned and operated by Bruce Bass, the ...

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Two Manchester firms make way for D.Cgroup’s land playJElias O'Neal February 22, 2018 2 Bay Diesel & Generators and Bass Crane Service will vacate their property at 700 Semmes Avethis summer(JElias O’Neal)Two Manchester businesses are ditching their longtime digs as a team of D.Cinvestors already familiar with the area is swooping in to take over the property.Bay Diesel & Generator and Bass Crane Service are preparing to vacate their shared 1.7-acre property at 700 Semmes Aveafter more than two decades there.The move comes after the companies entered into a 1031 reverse exchange agreement earlier this year with Richmond Terraces LLC, the new owners of the neighboring Terraces at Manchester apartments, said Bay Diesel’s Lee Newton.Newton would not disclose an exact purchase price for the Semmes Avenue property, which includes a 12,000-square-foot building and is expected to close in JuneHe said the property likely would close at about $3 million.Divaris Real Estate brokers Read Goode and Cheryle Toy are representing Bay Diesel and Bass Crane in the transactionThe property was most recently assessed for $842,000, according to city records.

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