News: Front Section
Posted: March 18, 2016
Bauer of The Business Exchange brokers $2.75 million sale - Shea and Dwyer of Randolph Savings Bank arrange financing
459 Washington Street - Duxbury, MADuxbury, MA According to The Business Exchange (TBX), Sweetser’s LLC has acquired the property located at 459 Washington St. Adam Bauer, principal of TBX exclusively arranged the sale. The property was sold for $2.75 million. The 19,000 s/f multi-tenant investment property was conveyed as a stabilized asset at 100% occupancy.
Adam Bauer, The Business ExchangeBauer represented the sellers J&M Sweetser’s Trust whom had owned the property since 1992.
The iconic property is located in the Old Shipbuilders Historic District on Snug Harbor and is considered a local institution by local residents.
The site was originally the home for Sweetser’s General Store “English & West India Goods” which operated at the location in the early 1800s.
Financing for the sale was arranged by Jack Shea and Martie Dwyer of Randolph Savings Bank.
Tags:
Front Section
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,
.png)
Columns and Thought Leadership
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.
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.
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
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: