Landlords should be wary of giving broad representations regarding the environmental condition of their properties. It is difficult to know with certainty that a given property is free from hazardous materials, and even if that statement is qualified to landlord’s knowledge, it would be difficult to prove that one did not know of past contamination should it ever be discovered.
The industrial market in Central Connecticut has held steady over the past year with continued sales and leasing activity, and pockets of new construction. The industrial market represents distribution, manufacturing, and research & development or high-tech facilities.
Beverly, MA American Surgical Company has relocated its international operation from Salem to Beverly, leasing a 20,325 s/f headquarters at 100 Cummings Center. The medical tools manufacturer is currently transitioning its workforce from Shetland Park to the new custom-built research and development facility.
South Yarmouth, MA Commercial Realty Advisors have completed the sale of the freestanding commercial property at 1105 Route 28, for $1.2 million. Aaron Webb, Commercial Realty Advisors represented the seller. The property comprises a 3,842 s/f single-story masonry building on 22,651 s/f (0.52 acres) with prominent Rte. 28 frontage, on-site parking, roadside signage, and loading areas. Located within the Village Center corridor across from Shaw’s, the site offers visibility and year-round accessibility.
North Attleboro, MA Anne Foncellino and The Foncellino Team of Coldwell Banker commercial division, listed and leased 3,000 s/f of retail space at 543 Kelley Blvd. The space was leased by Twinkle Little Star LLC.
Braintree, MA Hunneman brokered two leases totaling 34,000 s/f for KS Partners at the Forbes Business Center. The new leases are both located in the 220R building within the office park, which is now fully occupied
Lowell, MA Dennis Kelleher, John Pentore and Spencer Norton of Horvath & Tremblay have completed the sale of Wood Crest Apartments, a 51-unit multi-family property at a sale price of $10,900,436.
Boston, MA DPA Communications, a leading full-service public relations, marketing and social media agency, has relocated its headquarters to a new, larger office at 33 Union St.
Palmer, MA Northeast Private Client Group (NPCG) has announced the $750,000 sale of Chamber Road Industrial, located on 8 Chamber Road. Associate Tom Egbers along with vice president, investments Tim McGeary
Newton, MA BIRKENSTOCK Americas has opened its 15th company-owned retail store in the United States, in Chestnut Hill, joining the brand’s growing Boston-area footprint following last year’s Newbury St. opening.
Orange, CT O,R&L Commercial has completed the sale of a 12,800 s/f retail / industrial building located on 1.28 acres at 304 Boston Post Rd. Situated along heavily traveled Rte. 1, the property offers a visible