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News:
Owners Developers & Managers
Posted: December 20, 2019
DeWolfe and Gatti of Greater Boston Commercial Properties broker $1.607 million sale - and full building lease
Hudson, MA Tyler DeWolfe and Benjamin Gatti, of Greater Boston Commercial Properties, Inc., brokered the sale of 15 Robert Bonazzoli Ave. A direct deal, DeWolfe and Gatti cultivated the buyer through an aggressive marketing campaign. The 17,995 s/f warehouse building located on 1.52 acres, sold for $1.607 million ($89 per s/f).
In addition to the sale, Gatti and DeWolfe orchestrated a lease back with the previous owner, Chaves Heating & Air Conditioning, Inc., to occupy 5,760 s/f. The new owner, The Lab World Group, LLC, is planning to occupy 8,180 s/f, which combined with another lease brought by the DeWolfe/Gatti team in August, will restore the building to 100% occupied.
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Columns and Thought Leadership
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.
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.
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
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.