News: Owners Developers & Managers

Nohrden and Burgess of Burgess Properties Inc. broker $2.55 million sale of Malden's Eastern Bank Building

Burgess Properties Inc. has brokered the sale of 94-106 Pleasant St., the 26,000 s/f home of Eastern Bank's branch in downtown. The three-story, multi-tenanted office building was purchased by 100 Pleasant LLC for $2.55 million. In 2014, the same investor group purchased the former 29,000 s/f Sparks Department Store building abutting the Eastern Bank property. Burgess Props. recently leased the entirety of that property to the Swedish adventure/gaming company, Boda Borg. Steve Nohrden and Phillip Burgess of Burgess Props. were the sole brokers. Founded in 1997, Burgess Properties is one of Greater Boston's premier suburban full-service commercial brokerage firms specializing in the sale and leasing of office, industrial and other commercial properties.
MORE FROM Owners Developers & Managers

Breakthrough Properties completes sale of 232 A St. development site to P&G Gillette

South Boston, MA Breakthrough Properties, a premier global life science real estate developer, has finalized the sale of its 232 A St. development site to P&G Gillette, following Gillette’s previously announced plans to establish its new Grooming Headquarters and Technical Innovation Center at the site.
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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
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

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