Methuen, MA Shea Commercial Properties, Inc. has completed the sale of 8 unit business/professional/medical condominiums located at 386 Merrimack St. (Rte. 110).
The suites are located in a class A building and is part of a three-building complex known as Homestead Village. The project was originally built and developed by Joseph Pappalardo, master developer in 2014.
In addition to the three-building commercial/medical complex, Pappalardo also developed an over 55-housing single-family project adjacent to the Homestead Acres.
Harry Shea of Shea Commercial Properties, Inc. handled the sale for Homestead Acres with the Registry of Deeds reported a sale price of $2.15 million.
Shea Commercial Properties, Inc. represented the seller and assisted the buyer in the sale transaction.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and