Aho of O'Brien Commercial Properties, Inc. handles two leases and $310,000 sale
Joel Aho of O'Brien Commercial Properties, Inc. has completed the following deals:
* EO Vista LLC has been added as a new tenant at 42 Nagog Park in Acton. The company is an optical instruments and lenses manufacturer that was founded in 2013. Individuals associated with the company had previously occupied the building as a part of BAE Systems. The landlord had a great working relationship with the previous occupants, and they were interested in returning to this location with the new company. Aho represents the ownership in marketing this property where there is currently warehouse space for lease as well as a small cleanroom.
* Aho represented the seller, Chase-Walton Realty, LLC, in the sale of 3.24 acres of land on Brent Dr. in Hudson, Mass. for $310,000 to NEI Realty Trust. The property was originally part of a larger parcel that also had a 58,000 s/f building on site. Aho had recently represented the ownership in the sale of the larger parcel and building, and the smaller site had been under agreement subject to the sale of the larger parcel and building.
* Aho represented ATSE, LLC in the lease of 9,320 s/f of space at 104 Otis St. in Northboro, Mass. ATSE provides engineering consulting and process development services with expertise in high power electronics and electromagnetic machinery.
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,
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.
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.
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.
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: