Front Section

Grundy and Searl of Avision Young brokers 9,860 s/f lease to CBP

Norwalk, CT According to Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office, a new tenant has agreed to a long-term lease at 535 Connecticut Ave. CBP will relocate from Stamford to a 9,860 s/f space

Maugel Architects acquires DeStefano Architects

Harvard, MA Maugel Architects, an award-winning planning, architectural and interior design firm, has acquired DeStefano Architects of Portsmouth, N.H., bringing together the firms’ 50 years of combined experience in shaping exceptional buildings and spaces in Boston, Portsmouth and throughout the Northeast.

Conrad and McEvoy of The Conrad Group sell 17,500 s/f office building for $1.71m

Norwell, MA The Conrad Group, Inc. has consummated the sale of 52 Accord Park Dr. on behalf of the owner, 52 Accord Park Realty Trust. The three-story, 17,500 s/f office building served as the corporate headquarters for Welch Healthcare since 1986.

Hughes of New Dover Associates, Inc. reps CIL Walkers LLC in $6.5 million sale - Aron of KeyPoint Partners reps seller, Reading Plaza, LLC

Reading, MA Scott Hughes, president of New Dover Associates, Inc., represented the buyer, CIL Walkers LLC, in the sale of 39 and 45 Walkers Brook Dr. The property sold for $6.5 million.

Wise of WRE Commercial and Levy of The MEG Cos. handle 12,342 s/f lease to Dollar Tree

Londonderry, NH Dollar Tree has executed a lease for 12,342 s/f at the Apple Tree Shopping Center. Dollar Tree plans to open this summer. Since purchasing the Shopping Center in July 2018, Vernco Apple, LLC has invested over $3 million in renovations

U.S. Pavement hosts Pledge to Hire Veterans event at Fenway Park

Boston, MA It was another beautiful day at Fenway Park for the 7th annual U.S. Pavement Services’ Pledge to Hire Veterans Red Sox game. Being the largest game yet, on May 11th, U.S. Pavement hosted a total of 406 people

Project of the Month: Dacon Corp. and Scannell Properties complete renovation of 371,778 s/f package distribution center

Quincy, MA Dacon Corp. in collaboration with Scannell Properties, has completed the renovation of a 371,778 s/f package distribution center in the city’s Marina Bay area. This is Dacon’s fifth project with Scannell.

The difference between brown and white eggs is... - by Stanley Hurwitz

During grocery shopping, we’re confronted with thousands of marketing ploys and gimmicks designed to convince you to reach for this product instead of that. Many food makers use red graphics on packaging because red heightens nerve impulses and increases the heart rate.

Triglione of Nordlund Associates handles 65,000 s/f lease to Mersen-USA

Newburyport, MA According to Nordlund Associates, Mersen-USA has signed a new lease to stay in their current facility located at 374 Merrimac St.

Performance termination clauses in hotel management agreements - by Joshua Bowman

While hotel owners and operators have many areas of common ground, their interests are not always 100% aligned. For example, with few exceptions, the owner will end up with the lion’s share of the profit. This is because in most cases, base management fees are calculated using gross revenues