 (1).png)
News:
Owners Developers & Managers
Posted: February 28, 2025
Stubblebine Co. arranges $6.025m sale of 48,625 s/f for Allstate Glass to Aloka Properties
Holbrook, MA The Stubblebine Company/CORFAC International brokered the sale of 145 Union St., to Aloka Properties for $6.025 million.
The Stubblebine Company represented the seller, Allstate Glass, and directly procured the buyer. The property includes a 48,625 s/f industrial warehouse on 4.5 acres. David Berman, Chris Michniewicz, James Stubblebine, and David Stubblebine of The Stubblebine Co./CORFAC International represented the seller, Allstate Glass, and procured the buyer, Aloka Properties.
“It was a pleasure to represent Jon and Ben Shellington of Allstate Glass in this transaction. Their professionalism and prompt communication allowed for a seamless process from start to finish. The subject asset is highly adaptable and strategically located near multiple major highways making it an ideal acquisition for Aloka Properties,” said Berman, senior advisor at the Stubblebine Co.
MORE FROM Owners Developers & Managers
Life Time opens 60,000 s/f athletic club at BXP’s Prudential Center in the Back Bay
Boston, MA Life Time, one of the nation’s premier healthy lifestyle brand, debuted Life Time Prudential Center — representing its first downtown city destination and seventh in Massachusetts — opening its doors inside the city’s Back Bay landmark.
Quick Hits
 (1).png)
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan
When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock
A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King
Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson
As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.