News: Owners Developers & Managers

Keefe and Papazian of Greater Boston Commercial Properties
Inc. sell Pope Industrial Park for $6 million

Holliston, MA James Keefe and Nishan Papazian of Greater Boston Commercial Properties Inc. (GBCP) have completed the sale of the 34-acre Pope Industrial Park. GBCP exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6 million. 

The 11-parcel campus located off Rte. 16 contains nine buildings totaling 84,199 s/f and is home to 16 tenants including a billboard and a cell tower. In the rear of the park sits 22 acres of undeveloped land. 

The buyer, John Dudley, said, “James and Nishan worked relentlessly to complete the purchase of a pretty complicated transaction of this multi-tenant industrial park for us. Very few brokers could have pulled this off. We highly recommend them.” 

The seller, Dan King, who owned the park for over 20 years, said, “It was a complicated transaction, with nine buildings, 11 parcels, 16 tenants, and 22+ acres of land with development potential, but GBCP was able to keep it on track through several twists and turns to a successful closing.”

MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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