Front Section

Zurich sells 51 Melcher St. to GI Partners for $74.6 million - the sale handled by Griffin, Maher, Pullen and Hallowell of Newmark

Boston, MA Newmark represented Zurich Alternative Asset Management in the $74.6 million sale of 51 Melcher St., a creative office asset located in the Seaport District. Newmark co-head of U.S. Capital Markets Robert Griffin, vice chairman Edward Maher

Greatland and Singerman sign 35,662 s/f lease to Keros Therapeutics at Revolution Labs in Lexington, MA

Lexington, MA Greatland Realty Partners, a Boston-based real estate development firm, along with joint-venture partner Singerman Real Estate (SRE), signed a long-term lease agreement with Keros Therapeutics, Inc. at Revolution Labs.

O,R&L Commercial leases 5,600 s/f to Habitat for Humanity ReStore

Vernon, CT Andrew Hale of O,R&L Commercial, LLC brokered the lease of a 5,600 s/f office/showroom space. The new tenant Habitat for Humanity ReStore will join Discount Trophy in the building located at 367-369 Talcottville Rd.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.

MG Commercial and Collins Commercial Real Estate lease 24,000 s/f

Assonet, MA Robert Nickerson and Julie Freshman of MG Commercial Real Estate and Kelley Collins of Collins Commercial Real Estate have leased 24,000 s/f of warehouse space to Unimed-Midwest, Inc.

Saulnier of MANSARD facilitates $1.045 million sale of ind’l building

Taunton MA Taylor Saulnier of MANSARD facilitated the sale of the industrial building located at 597 Winthrop St., worth $1.045. MANSARD fielded multiple offers for the industrial manufacturing building and was able to execute a purchase and sale agreement

Calare Properties acquires a class A industrial/flex portfolio in Newton, MA

Newton, MA Calare Properties has completed the acquisition of a well-located industrial/flex portfolio, offering potential tenants flexible class A space and corporate branding with prime visibility along the Mass Pike. Comprised of two separate properties at 66 and 77 Rowe St.

Blackey of R.W. Holmes Realty handles $1.7 million building sale

Sudbury, MA Dean Blackey of R.W. Holmes Realty Co., Inc. assisted Jake Parsons of Parsons SVS with the $1.7 million sale of the 12,000 s/f office space at 60 Union Ave., to Blackey’s longtime client, Len DiCarlo of B&L Associates.

Dennett of Elite Commercial Realty represents First Olympia Realty, LLC in the sale of the Olympia Theater in Worcester, MA

Worcester, MA Commercial representative Scott Dennett of Elite Commercial Realty represented First Olympia Realty, LLC in the sale of the closed 1,300 seat Olympia Theatre.  Built in 1891, it is Worcester’s oldest theatre

SMPS Boston names new board of directors for 2021 - 2022

Boston, MA SMPS Boston, a volunteer organization for marketing professionals in the architecture, engineering, and construction (A/E/C) industries, has named its new board of directors for the upcoming program year. The new board includes 12 members of SMPS Boston, all of whom represent and help the organization in meeting its vision