News: Owners Developers & Managers

Berezin of Infinity Real Estate Group, Inc. brokers 4,537 s/f, $290,000 sale

Westfield MA President of Infinity Real Estate Group, Inc., Mark Berezin, CCIM, recently brokered the transaction of a 4,537 s/f office building on 1.5 acres of land at 815 North Rd. The sale price was $290,000 which represents $63.92 per s/f of usable space. Berezin represented the seller and owner of the former Adventures Travel, Leo Demelbauer. Russell Sabadosa from Premier Choice Realty represented the buyers, Rock Steady Real Estate, LLC. Mike Rockwal, CFO at ONsite Mammography and also a member of Rock Steady Real Estate, LLC said, "Russell and everyone at Premier Choice Realty Inc. were great partners in our search for a building. He took the time to understand the needs of our business and proved to be a critical resource though out the entire process. This allowed us to focus on our core business while he managed the search for the property. We ultimately found the perfect fit for our business." Demelbauer said "Infinity Real Estate Group, Inc. did an outstanding job marketing our property for sale. It seemed buyers had minimal interest in our property before hiring Infinity. Once they (Infinity Real Estate Group, Inc) were on the job, suddenly there were several buyers interested in the property. Subsequently, the property sold quickly and smoothly. I am grateful to Berezin and his staff for getting the job done." "Once we were able to ascertain and understand the needs of both the seller and the buyer," said Berezin, "Russell and I were able to put together an agreement and transaction mutually beneficial and in the best interest of all the principals."
MORE FROM Owners Developers & Managers

BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated