JLL Capital arranges $6.46m sale of 67,544 s/f 8 Essex Center Dr.

Peabody, Ma  JLL Capital Markets has closed the $6.46 million sale of 8 Essex Center Dr., a 67,544 s/f office property.

CBRE brokers $17.63m sale of 81,596 s/f light industrial building

Mansfield, MA CBRE arranged the sale of an 81,596 s/f light industrial building located at 120 Forbes Blvd. Brickman acquired the asset for $17.63 million. >Located within the 50-acre Cabot Business Park, one of the largest campus-style industrial parks in New England, 120 Forbes Blvd. is located at the junction of I-95, I-495 and Rte. 140.

Lincoln Property Company reps Electric Hydrogen Co. in 30,601 s/f relocation/expansion - 20,400 s/f at Three Strathmore Rd., and 10,201 s/f at One Strathmore Rd.

Natick, MA According to Lincoln Property Company (LPC Boston), Electric Hydrogen Co. has completed a 20,400 s/f lease expansion into Three Strathmore Rd. The full-building expansion comes only five months after Electric Hydrogen initially opened their eastcoast

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:

PUMA opens 150,000 s/f headquarters at Federal Realty’s Assembly Row - Designed by Gensler, built by Timberline, leased by C&W

Somerville, MA PUMA has officially opened its new North America headquarters at Assembly Row, bringing together the company’s approximately 450 employees from its two former offices in Boston and Westford, Mass.

MassDevelopment and Middlesex Savings Bank provide $4.1m tax-exempt bond for Accumet Eng. to build new 39,375 s/f facility

Devens, MA MassDevelopment has issued a $4.14 million tax-exempt bond on behalf of Lake George Realty LLC, an affiliate of Accumet Engineering, Inc., which will use bond proceeds to buy a 3.1 acre parcel at 41 Lake George St.

Worth Avenue Capital closes $210,000 CRE loan

North Haven, CT Worth Avenue Capital, LLC closed a $210,000 CRE loan to a small business. The loan proceeds were used to consolidate the company’s business debt and the loan is secured by a first mortgage

Tapponi promoted to Village Bank branch manager

West Newton, MA Ghazwan Tapponi has been promoted to manager of the The Village Bank’s local branch. Tapponi joined The Village Bank’s retail team in January 2018 and quickly made an impact.

Campanelli completes sale of 2m s/f Business Park of Uxbridge

Uxbridge, MA Campanelli sold the final 64-acre parcel of the Business Park of Uxbridge (CBPoU). The property sold to investment funds managed by Morgan Stanley Real Estate Investing (MSREI)

Chacharone Props. rebrands former Allegro MicroSystems site

Worcester, MA The former Allegro MicroSystems property at 115 NW Cutoff, has been rebranded as the I-290Connector by Chacharone Properties.