News: Brokerage

Cummings Properties signs Liza Indiciani Studio of Dance to 7,000 s/f

Students registering for the upcoming summer and fall programs at Liza Indiciani Studio of Dance will have plenty of space at its newly expanded location. Having recently undergone its third expansion in seven years, the dance school at 100 Cummings Center now has four studios and a dancewear shop. The new space, which expanded the studio to more than 7,000 s/f, will allow her to accommodate more students in the classes with the biggest demand. The school, reportedly one of the largest children's dance studios in the area, can now run four classes simultaneously during peak times, such as late afternoons. In 2004, when searching for a North Shore location for her new studio, Indiciani was attracted to Cummings Center's full service lease, which included custom design and construction, as well as ongoing maintenance and snow removal. She said, "As a single woman starting my first business, I really appreciated how much Cummings did for me. I just cut a check, turned the key, and the studio was ready to go." While the studio serves many Beverly children, its dancers hail from several towns on the North Shore, including Danvers, Salem, and Peabody. Indiciani noted that Cummings Center's location is ideal for her business.
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Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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