News: Front Section
Posted: April 21, 2017
Aho of O’Brien Commercial Properties reps TMX Property in $4.899m purchase
Commercial Properties, Inc.
Northboro, MA Joel Aho of O’Brien Commercial Properties, Inc. represented TMX Property, LLC in the purchase of the property at 70 Bearfoot Rd. for $4.899 million. The 60,800 s/f building is fully occupied by The Hope Group who executed a long term lease as part of a sale/leaseback of the property. The buyer purchased the property as the buy side of a 1031 exchange after selling 70 Cedar Hill St. in Marlboro, as two separate condos at a total sale price of $1,743,650. Aho also represented TMX Property, LLC in the sales of the two 72 Cedar Hill St. condos while procuring the buyer directly.
In addition, Aho completed the sale of a 1.42 acre piece of vacant industrial land at 100 Bearfoot Rd. to Steven MacDonald for $195,000. Aho was both the owner and selling agent on the sale. MacDonald planned to develop the site for his landscape business.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
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.
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
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.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
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.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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,