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Summit Realty Partners and Aubuchon Realty Company, Inc. bring Starbucks and Chipotle to 661 Boston ...
January 27, 2023
Marlborough, MA Summit Realty Partners Inc. (SRP) and Aubuchon Realty Company, Inc. (ARC) have finalized two new leases as part of the repositioning of Wayside Crossing Shopping Center at 661 Boston Post Rd. East.
The commercial real estate markets recollect themselves after a tumultuous year in 2022 - by Webster...
January 27, 2023
The central theme of CBRE research year end summary reports is the need to adopt to hybrid work strategies, looming recession fears, and the importance of keeping a close watch on key trends used as indicators of market health. This article will address these issues across various Boston product lines.
The Container Store opens first NH location
January 27, 2023
Salem, NH The Container Store has opened its first New Hampshire location at Tuscan Village located at 10 S. Village Dr. Suite 300. This will be The Container Store’s 96th retail location nationally.
Cushman & Wakefield arranges three leases totaling 50,759 s/f at 1200 Post Road East
January 27, 2023
Westport, CT Cushman & Wakefield has arranged three leases totaling 50,759 s/f at the renovated 1200 Post Rd. East. Cushman & Wakefield’s Adam Klimek and Jim Fagan represented the landlord, 1200 Post Road LLC, in the transactions.
2023 forecast for 1031 tax-deferred exchanges - by Brendan Greene & Mark McCue
January 27, 2023
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property within 45 days of the sale, and acquires “like kind” property within 180 days of the sale.
Prolman Realty selected to lease 221 Main Street
January 27, 2023
Nashua, NH Prolman Realty, Inc. has been selected by P&P 221 Main, LLC to market for lease a street-level retail/commercial space located at 221 Main St. unit 100.
Greater Springfield industrial market 2023: Continued demand and limited inventory - by John and Jac...
January 27, 2023
Since the start of 2021, the Greater Springfield industrial market has experienced consistent growth in recent quarters, though future growth is limited by the lack of quality inventory. Rents were steadily increasing through Q4 2022, with a range between $4.33 and $5.95 per s/f triple net (NNN) as availability has continued to decrease.
Low of L&P Commercial sells 7.8 acres for $2.4 million
January 27, 2023
Springfield, MA The Mass DOT closed on the 7.8 acre parcel at 255 & 331 Liberty St. for $2.4 million. The property is two blocks from Union Station and abuts the CSX rail. This is part of the plan to improve service
Nedde of Nedde Real Estate brokers lease of 4,100 s/f retail space
January 27, 2023
Middlebury, VT Nedde Real Estate has completed the lease of 4,100 s/f retail space at the 51 Main St. to Crooked Ladle Catering and Giving Fridge/Everything Nice.
Curtis promoted at Tighe & Bond
January 27, 2023
Westfield, MA Vice president Jason Curtis has been appointed as Tighe & Bond’s building services business line leader. Curtis is a registered Professional Engineer in several states and a LEED Accredited Professional.
Soley and partners of Maine Realty Advisors broker three transactions
January 27, 2023
Freeport, ME Maine Realty Advisors has completed the following transactions: EJA LLC purchased 6 Mill St., a 2,500 s/f retail building, from 6 Mill LLC for $280,700.
Simon Property Group’s Burlington Mall’s consistent growth exceeds expectations in 2022
January 27, 2023
Burlington, MA Simon Property Group’s Burlington Mall, one of northwest suburban Boston’s premier shopping center, has opened 33 new stores in 2022 and looks forward to 2023 with four new store openings already planned for Q1.
Suburban markets around Springfield have been particularly busy in 2022 - by Evan Plotkin
January 27, 2023
2022 was a very busy and successful year for the brokerage division of NAI Plotkin. Suburban markets around Springfield, Mass., including Ludlow, Chicopee, West Springfield, and Westfield, as well as Enfield, Conn., have been particularly busy.
Northeast Private Client Group brokers $3.025 million sale of 20 West Lane - former restaurant and w...
January 27, 2023
Ridgefield, CT Northeast Private Client Group (NEPCG) has completed the sale of 20 West Ln. Senior associates Rich Edwards and Jeff Wright, along with senior VP, investments Brad Balletto, and associate Patrick Hegarty, represented the seller and procured the buyer for a mixed-use investment property.
Blakely of TRB Realty brokers $3.775 million sale of Great Road Plaza - a 19,230 s/f, two-story, mi...
January 27, 2023
Bedford, MA 363 Great Road LLC, and TRB Realty has closed the $3.775 million sale of the Great Road Plaza, a 19,230 s/f, two-story, mixed-use investment property on Great Rd.
Colonial Properties brokers two transactions totaling over $4 million - including $2.65 million sale...
January 27, 2023
East Haven, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the following transactions. Richetelli represented the seller, Partners 95, LLC, in the sale of 96 Frontage Rd.; a multi-tenant retail building on .74 acres for $2.65 million.
Cummings Foundation donates $50 million toward world health
January 27, 2023
Woburn, MA A new $50 million gift from the Cummings Foundation, the philanthropic affiliate of commercial real estate firm Cummings Properties, will expand the work of late global health champion Dr. Paul Farmer.
JLL reps. Hersha Hospitality in 164-key hotel sale
January 27, 2023
South Boston, MA JLL Capital Markets has closed the sale of Courtyard Boston South Boston, a 164-key select-service hotel.JLL represented the seller, Hersha Hospitality Trust. The sale price was not disclosed.
McGeary of Northeast Private Client Group sells mixed-use property in Gardner for $2.32 million
January 27, 2023
Gardner, MA Northeast Private Client Group (NEPCG) has completed the sale of the Central St. mixed-use property. Senior associate Tim McGeary represented the seller and procured the buyers. The property sold for $2.32 million.
Pleasant Valley Country Club acquired by Galaxy Links, LLC for $4.1 million
January 27, 2023
Sutton, MA Pleasant Valley Country Club was acquired December 28th by Galaxy Links, LLC of Webster, Mass. for $4.1 million. The 200-acre nationally known and historic private New England golf course is renowned for hosting numerous PGA and LPGA