News: Owners Developers & Managers

O’Brien of Greater Boston Commercial Properties, Inc. represents Francis MacLean Realty Trust in $3 million sale

Leominster, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. represented the seller, Francis MacLean Realty Trust, in the sale of 45 Francis St. The 20,000 s/f warehouse building was purchased by 45F LLC for $3 million. 

The property, situated off Rte. 117 at the intersection with I-190, features three tailboard loading docks, a drive-in door and 16-foot clear height. The buyer, an affiliate of Exergen Corp., plans to use the property as offsite overflow storage to supplement its Waltham location. The buyer was represented by Jim Boudrot and Pat Grady of Hunneman.

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Columns and Thought Leadership
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

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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