News: Front Section
Posted: July 28, 2017
A.W. Perry, Inc. closes on purchase of 373-383 Second St. - a 20,000 s/f building in Everett, Mass.
Everett, MA A.W. Perry, Inc. closed on the purchase of 373-383 Second St. The sale price was not disclosed. Located in a neighborhood that is undergoing multiple redevelopment projects, the property consists of 1.5 acres with a 20,000 s/f industrial/manufacturing structure and is located off of Rte. 16, one mile from the future Wynn Everett Resort & Casino and three blocks from the future MBTA Chelsea Commuter Rail station and the new Silver Line station.
“We are excited to add 373-383 Second St. to our expanding portfolio,” said Richard Beal, president of A.W. Perry. “It is a strategic complement to our existing industrial holdings, in an area that is a key driver of this segment of the Boston market. We envision a strong upside for this property.”
Established in 1884, A.W. Perry is a relationship-driven real estate investment and services firm, providing business homes to tenants and commercial development clients and creating high-quality residential neighborhoods that respond to the needs in their communities. Under the direction of the family’s fifth generation, the company is known for creating and nurturing long-standing relationships. The Perry team takes pride in its properties and strives to deliver a high level of service and value to its tenants and clients. An established leader in the industry, A.W. Perry is an award winning property management firm and an experienced developer and investor.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.