News: Front Section
Posted: July 5, 2024
Auburndale Realty assists Groton Ayer on 10,000 s/f warehouse expansion at 95B Fitchburg Rd.
Ayer, MA Auburndale Realty Co., and Rob Nahigian, FRICS, SIOR, CRE, MCR have arranged the 10,000 s/f lease expansion of warehouse space at the Groton Ayer LLC facility, 95B Fitchburg Rd. The space was leased by Elliott Auto Supply Co. Inc. dba Factory Motor Parts of Eagan MN (FMP). Nahigian represented the landlord.
FMP manufactures Splash, a windshield wiper fluid sold nationally. The space will serve Splash with the need excess space to warehouse and distribution of its products. Factory Motor Parts teams up with OE Suppliers to distribute aftermarket parts from nationally-known brands and its own product lines — FVP and SPLASH.
They provide a full line of premium products, offer automotive, marine, golf cart, and lawn and garden parts, along with windshield washing, de-icing, and all-purpose cleaning solutions. Factory Motor Parts provides premier automotive parts, resources and programs to fulfill the needs of dealerships, independent service centers, fleets and wholesale distributors.
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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
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.
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov
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