News:
Owners Developers & Managers
Posted: December 1, 2023
Gatti and Papazian of Greater Boston Commercial Properties broker $6 million sale
Westborough, MA Benjamin Gatti and Nishan Papazian of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 34,500 s/f at 180 Turnpike Rd. This stand-alone flex building is situated on 7.27 acres on Rte. 9. The sale price of $6 million represents a cost per s/f of $174, although the buyer’s intention is to demolish the building and redevelop the site.
TTHY Westborough LLC’s acquisition was contingent on permitting a new Hyundai automotive dealership including a showroom, sales and financing offices, and customer lounge. The first level will have a service drive-in, advisors, and automotive service shop. The second and third levels will be unenclosed parking garages with car displays.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
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
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
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
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
 (1).png)