Monson, MA King & Newton, LLC Commercial Real Estate completed the sale of an industrial building at 96 Palmer Rd. The 56,000 s/f property sold for $825,000. Thomas King, CCIM of King & Newton negotiated the sale. Northeast Investment, LLC sold the property to 3G Management, LLC.
The property consists of a single story modern industrial building located on 5.62 acres of land. The property will be completely renovated and remodeled to be used for a growth facility for medical marijuana.
Also, Richard Samberg of King & Newton arranged the sale of Maple Apartments located at 19-25 Maple St. and 2-10 Temple St., Springfield, Mass. The property sold for $700,000 and was sold by ODIN Holdings, LLC to Temple Property Group
The apartment building is a unique 3 story brick building located one block from Springfield’s CBD, near the Federal Court House, across from Springfield Museums and 2 blocks from the future MGM Casino.
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