Category: Owners Developers & Managers

In the final days of the 2017/2018 Massachusetts legislation session, the House and Senate passed a compromise bill, that was subsequently signed by governor Baker, to tax and regulate short-term rentals. The new law takes effect on July 1. 

Wakefield, MA Eastport Real Estate Services has facilitated the acquisition of 107 Audubon Dr. on behalf of one of its clients. Known as the Audubon Commerce Center, this 155,409 s/f park consists of one three-story office building and two single story flex buildings.

Auburn, MA The F.W. Webb Co., a wholesale distributor of plumbing, heating, cooling and industrial products, purchased 33 Sword St., a 75,000 s/f facility situated on 3.04 acres for $4.45 million. David Skinner, David Stubblebine, and James Stubblebine from The Stubblebine Co. represented the seller in the transaction.

After decades of corporate real estate location strategies designed to consolidate user groups under one roof, today more companies are using ‘multi-hub’ or ‘hub and spoke’ strategies, which offer a distinct advantage in today’s hyper-competitive labor market.

South Boston, MA Marcus & Millichap completed the sales of 323 W Fourth St. and 560 E Broadway. The assets sold for an aggregate value of $4.365 million. Evan Griffith, first vice president investments, and Tony Pepdjonovic, vice president investments in Marcus & Millichap’s Boston office, had the exclusive listings to market the properties on behalf of both sellers. 

Framingham, MA Tyler DeWolfe and Benjamin Gatti of Greater Boston Commercial Properties, Inc. brokered the sale of two properties in Framingham and Westborough. DeWolfe represented the seller of the portfolio of office condos at 1500 Worcester Rd. in Framingham

Manchester, NH Charles Panasis, Benjamin Kelley and James Tobin of Brady Sullivan Properties have leased 56,029 s/f in leases in the city. Wells Fargo expanded their downtown presence in the lobby of City Hall Plaza and Alumni Ventures Group secured 4,414 s/f on the 8th floor.