News: Owners Developers & Managers

Conrad and McCourt of Conrad Group represent Foxrock Properties in $6 million purchase

The Conrad Group, Inc. has recently negotiated the sale of 40-42 Industrial Park Rd. The buyer in the transaction was Foxrock Properties (subsidiary of Granite Telecommunications), and the seller was Upland Realty Trust (Michael Brown, trustee). According to The Plymouth Registry of Deeds, the sale price was $6 million. The 13.88 acre parcel of land has two buildings presently on the site. The first building is known as 40 Industrial Park Rd. and totals 42,000 s/f. The new owners plan on making some interior and exterior improvements to the property this spring. Also, their future plans include additional buildings on the vacant areas of the parcel. According to Robert Conrad, president of The Conrad Group, "I consider this Plymouth area a future "hotbed" of activity. The demand will come from several sectors of our economy. Among those are the medical, bio-medical and distribution sectors." Assisting Conrad was Paul McCourt, senior vice president of The Conrad Group. Gregg Jordan from Gregg Jordan & Associates consulted for the sellers. Long the home of the Post Eye Center, other tenants include The Mass. Registry of Motor Vehicles, Mass. Department of Mental Health and Mass. Rehabilitation Commission.The second building consists of approximately 10,000 s/f and is home to The Pilgrim Area Collaborative School.
MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.