Franklin, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. (GBCP) brokered the sale of 10 Liberty Way, a 55,023 s/f manufacturing building.
While many franchisor/franchisee relationships start with good intentions, a wise franchisee should hope for the best, but be prepared for the worst. Given that many hotel franchise agreements may continue for 20 years or more, this means preparing an “exit plan”
Boston, MA MassDevelopment has issued a $53.55 million tax-exempt bond on behalf of Washington Pine LLC, an affiliate of The Community Builders, Inc. (TCB) and Pine Street Inn, which will use bond proceeds to construct a five-story, 144,000 s/f mixed-use building
Boston, MA Longpoint Partners, a real estate investment company, completed the closing of its joint venture with Brookfield through its Real Estate Secondaries business. The joint venture has recapitalized a $700 million,
Worcester, MA Marcus & Millichap completed the sale of 180-184 Main St., a 45,634 s/f office property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $5 million.
Framingham, MA Scott Hughes, president of New Dover Associates, Inc. and James Gordon, president, Peter Gordon, senior vice president, and Jonathan Gordon, senior associate of Gordon Real Estate Corp.
Hartford, CT Steve Pappas and Rick Chozick of Chozick Realty have marketed and closed on 19-33 Main St. in downtown for a price of $1.05 million. This 20,000 s/f office building is located on the southern edge of the downtown Hartford CBD
Tiverton, RI Mott & Chace Sotheby’s International Realty completed the sale of 0 High Hill Rd. for $1.2 million. The property, comprised of twelve acres and two approved buildable lots, offers water views.
Fall River, MA Spencer Smith, John Pentore and Dennis Kelleher of Horvath & Tremblay have completed the sale of Hargraves & Reuben, a 49-unit multifamily portfolio for $5.4 million. The adjacent, four building portfolio closed at $110,204 per unit and a 7.5% cap rate.
Portland, ME The Boulos Company completed the sale of 1 & 13 Davis Farm Rd. The three-building portfolio consists of over 135,000 s/f and sold for $8.685 million in a partially off-market transaction. The deal was brokered by The Boulos Company’s Drew Sigfridson, SIOR; Tony McDonald, CCIM, SIOR; and Jon Rizzo.
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