Commercial lease provisions regarding hazardous materials and environmental compliance are often relegated to standard generic provisions near the end of the document. This can be a mistake. Leases for manufacturing or logistics uses should be treated differently from retail or office use
Lynn, MA Stephen Girolamo of Horvath & Tremblay has facilitated the sale of four multifamily transactions totaling 77 units for a total of $17.96 million. Horvath & Tremblay represented the seller on three of the transactions and successfully completed a 1031 exchange for the client who was the buyer on the fourth transaction.
Salem, NH Joe Robinson and Chris Norwood of NAI Norwood Group have completed the sale of Tisdale’s Manufactured Housing Park, a mobile home park comprised of 60-units.
Lexington, MA Summit Realty Partners, Inc. has completed two new lease transactions on behalf of a franchisee of Celebree School, a leader in early childhood education offering infant and toddler care, preschool, before and aftercare, and summer camp programs.
Clinton, MA Fieldstone Commercial Properties has completed the sale of 180 Stone St., a 9,162 s/f industrial building, for $1.35 million. Nate Nickerson of Fieldstone Commercial Properties represented the seller, 417 Bolton Road, LLC
b>North Haven, CT O,R&L Commercial has arranged two recent industrial leases totaling 23,886 s/f at 222 Universal Dr., strengthening occupancy at the property. Situated in one of the town’s most accessible commercial corridors, Universal Dr. offers proximity to I-91,
New Haven, CT The Geenty Group, Realtors, has closed the sale of 5-17 James St., a 56,174 s/f manufacturing facility on 2.51 acres in the city’s Fair Haven neighborhood. Kristin Geenty, SIOR, of The Geenty Group represented the seller, Bankwell, in the transaction. In mid-November around the Thanksgiving holiday
Boston, MA Global real estate advisor Avison Young arranged two full floor leases at 300 Cambridge St., a 25,010 s/f office building with ground floor retail located in the city’s Beacon Hill submarket, bringing the building to 100% occupancy.
Ayer, MA O’Brien Commercial Properties has completed the $1.15 million sale of the industrial property located at 5 Bishop Rd., a 10,000 s/f industrial building.