News: Front Section

Aron of MetroWest Commercial Real Estate brokers $1.4 million package sale

Marlene Aron, Metrowest Commercial Real Estate

Framingham, MA Marlene Aron, senior broker of MetroWest Commercial Real Estate, representing the seller, Baystone Framingham, LLC, has sold a 3 parcel investment package consisting of two former TD Bank buildings and a 1.04 acre parking lot in downtown. The properties are located at 74 Concord St., 15 Park St. and 1 Howard St.

Aron said, “The buildings were historic gems and can be leased to schools, museums, office tenants, restaurants by right without permitting, nonprofit organizations and religious groups. The 104 acre parking lot is one block away and the Boston - Worcester Commuter Rail is a one minute walk.”

The package was sold to an investment group for $1.4 million. Financing was provided by Rockland Trust.

74 Concord Street, 15 Park Street and 1 Howard Street - Framingham, MA 
300 Eliot Street - Ashland, MA

In addition, Aron, representing the tenant, Cedar Street Kids’ Club, has leased 5,205 s/f to the daycare provider at 300 Eliot St. in Ashland. Cedar Street Kids’ Club, a daycare & learning center is operated by Todd Curlett and will be opening its 3rd Ashland location in a few months at the plaza.

Aron said, “The space has been a day care location with an outside playground for over 20 years and was a natural fit.”

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.