News: Owners Developers & Managers

McGuire and Crossan of CBRE/New England broker $2.576 million sale for United States Postal Service

On behalf of the United States Postal Service (USPS), CBRE/New England (CBRE/NE) completed the sale of 177 Pine St. USPS sold the 27,000 s/f, single-story flex building to Zyno Medical of Natick for $2.576 million. CBRE/NE's Bob McGuire and Sam Crossan, in conjunction with Brent Davidson of CBRE's Washington D.C. office, represented the seller. RW. Holmes Realty Co.'s John Eysenbach represented the buyer. "We are pleased to have facilitated this transaction on behalf of the United States Postal Service," said McGuire. "Zyno Medical is gaining a unique property with great street visibility and curb appeal." Located adjacent to the Natick Industrial Park, 177 Pine St. is a 27,000 s/f, single-story flex building situated on 4.24 acres. The property formerly functioned as a main branch for the Post Office.177 Pine St. contains office, retail and warehouse space, has ample parking for employees and vehicles, and contains four loading docks.
MORE FROM Owners Developers & Managers

BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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

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