News: Brokerage

O’Brien of Greater Boston Commercial Properties, Inc. represents buyer of 141,000 s/f building

63 Middlesex Street - Chelmsford, MA

Chelmsford, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the buyer of 63 Middlesex St. O’Brien acted on behalf of the buyer in the purchase of the 141,000 s/f industrial building to negotiate exceptional value at $3.153 million or $22 per s/f. O’Brien procured a new tenant for the buyer after the sale, HardTop Hotel, to lease 14,100 s/f on the top floor of the building. HardTop Hotel swaps out and stores soft and hard jeep tops seasonally for its clients. 

O’Brien also negotiated the relocation of a number of the tenants within the building to accommodate the new tenant in order to be able to occupy 14,100 s/f of contiguous space. 

Greater Boston Commercial Properties continues to market competitively priced space in the building on the ground floor, which is 14’ clear and is serviced both by tailboard loading docks and overhead drive-in doors.

MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.