News: Owners Developers & Managers

McNamara of Poirier Realty sells 13,309 s/f former nursing home

Tom McNamara of Poirier Realty represented the seller, Masters Christian Academy, and assisted the buyer, The Guild of St Agnes of Worcester, Inc., in the sale of 155 Green St. for a sale price of $572,000. The 13,309 s/f former nursing home and private school has a 1.25 acre lot with parking and over 30 rooms located on one level. With handicap accessibility and access to the highway, the property suited the plans of the buyer to consolidate several programs and expand others. In a separate transaction, McNamara represented the landlord in the lease of 650 North Main St., Leominster, to Rehabilitative Resources, Inc. Doug Nadeau of C-21 Realty Team represented the tenant. The 8,374 s/f single story commercial building on Rte. 12 provided highway access, a large flexible structure, and parking on the 41,000 s/f commercial lot. The landlord and tenant agreed to a 10 year lease which gave the tenant an opportunity to complete their own leasehold improvements. This location had been a Mr. G's Party Center for the previous 10 years.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
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Columns and Thought Leadership
New Quonset pier supports small businesses and economic growth - by Steven J. King

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.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

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

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
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

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.