Front Section

Conrad and McEvoy of The Conrad Group broker $6.925 million sale - 47,000 s/f 1200 Hancock St. in Quincy sold to FoxRock Properties, LLC

Quincy, MA The Conrad Group, Inc. has sold 1200 Hancock St. to FoxRock Properties, LLC. The four story, 47,000 s/f office building is centrally located and for decades, it has been a prominent city landmark.

George Comfort & Sons, Inc. signs WWE to a 415,000 s/f lease - JLL’s Saunders, Ageloff, Melichar and Messina rep. tenant

Stamford, CT According to George Comfort & Sons, Inc., WWE has completed a 415,000 s/f lease agreement at 677 Washington Blvd. in downtown. The three-building complex is now 72% leased. The agreement represents a major step forward in restoring the property’s standing as the commercial center of downtown.

SCI expands life sciences division with partnership with STEM

Wakefield, MASouth Coast Improvement Company (SCI) has expanded the capabilities of its life sciences division through a partnership with STEM Solutions LLC (STEM). The company specializes in providing casework, systems, fume hoods, fixtures and equipment for commercial and educational laboratories.

Why commercial real estate must adopt technology in 2019 - by Gabriel Safar

Commercial real estate has for far too long lagged behind the rest of the world in embracing modern technology, asking employees to meet today’s market expectations with yesterday’s tools. In commercial leasing, it’s the norm for it to take 90 days to close a deal, something that would not be acceptable in any other industry.

Growing market for 1031 Delaware Statutory Trust Investments - by Justin Amos

As part of the “Tax Cuts and Jobs Act” enacted in late December 2017, the definition of eligible property for Section 1031 exchanges was changed dramatically. After many decades of allowing exchanges of personal (i.e., non-real) property, Section 1031 treatment is now restricted only to real property exchanges.

How long should I hold a prop. in order to qualify as investment prop. with 1031 tax-deferred exchange? - by Greene and McCue

The continuing strong real estate market in the Greater Boston area and throughout New England has given investors substantial equity in their properties subjecting them to higher capital gains taxes on the sale of such properties. Consequently, more investors, both U.S. and foreign, are using 1031 tax-deferred exchanges in order to defer paying capital gains taxes. 

Lavallee of CBRE reps First Bank and Trust Co. in $6.937m sale of 2700 Plainfield Pike to Equity Industrial Partners

Cranston, RI On behalf of First Bank and Trust Co. of Illinois, CBRE completed the sale of 2700 Plainfield Pike, to Equity Industrial Partners for $6.937 million. Equity Industrial Partners plans to update the 234,600 s/f 

Premier Capital Partners purchases five buildings for $32.45 million

Boston, MA Premier Capital Partners LLC has purchased five apartment buildings for $32.45 million. The properties consist of 58 short-term/licensed lodging-house units which Premier purchased in August 2018, and

Newmark Knight Frank arranges 247,060 s/f industrial lease expansion to Nypro

Devens, MA Newmark Knight Frank (NKF) has completed a 247,060 s/f lease renewal and expansion to Nypro, Inc. at 112 Barnum Rd. NKF executive managing directors J.R. McDonald and Torin Taylor, along with

National Development and AEW Capital Management represent The District Burlington in 259,000 s/f in leases

Burlington, MA The two largest tenants at The District Burlington have signed 259,000 s/f in long-term lease extensions at the development, a sign that the recent upgrades and investment made to this mixed-use property are paying dividends for large companies looking to attract top talent.