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Owners Developers & Managers
Posted: November 15, 2019
Kelleher and Pentore of Horvath & Tremblay handle $3.425 million sale
Somerville, MA Dennis Kelleher and John Pentore of Horvath & Tremblay completed the sale of 1 Beacon St. for $3.425 million. Kelleher and Pentore exclusively represented the seller, 1-3a Beacon St LLC, and buyer, 42 North Capital, LLC.
1 Beacon St. is a three-story, mixed-use property containing two, street-level retail units (Starlight Lounge and Parlor Sports) and four, three-bedroom residential units. The property contains 7,010 s/f of livable area, within 10,596 s/f of gross area, on a .13-acre corner lot. The Beacon St. asset is located one block from the Inman Sq. intersection at Cambridge and Hampshire Sts. The high-density neighborhood is home to services, retailers, dining, drinking and entertainment options, all of which make Inman Sq. one of the most desirable places to live in the area.
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Quick Hits
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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.
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.
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.