Aho of O'Brien Commercial Properties, Inc. handles 7,500 s/f office/flex lease
Joel Aho of O'Brien Commercial Properties, Inc. represented the ownership in leasing 7,500 s/f of office, flex and warehouse space to Alternative Care Providers, Inc. at 275 Billerica Rd. The tenant first started in 1994 and supplies patients, caregivers and healthcare facilities in Massachusetts and Southern New Hampshire with home with premier medical equipment, scooters and powered wheelchairs.
Aho sold the building to the current owner in 2009, and with the most recent lease there is currently only one office suite still available in the building. The owner is constructing a new entrance for Alternative Care, and the remaining office suite will be updated with new paint, carpet, ceiling tiles and a new kitchen in addition to the recently completed lobby upgrade. The property is located a short distance from Rte. 3 and the junction of 495 and also offers retail type visibility on route 129.
In addition, Aho represented the ownership at 136 Main St. in Hudson Mass. in renting office, storage and yard space to Custom Concepts, a local construction company. The site was formerly home to Larkin Lumber.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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,
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in