News: Front Section
Posted: March 2, 2018
Beal of Perry Brokerage arranges sale of 7,610 s/f condominium for $1.2 million
Hanover, MA According to Perry Brokerage, Rich Beal, president, has completed the $1.2 million sale of a 7,610 s/f medical office condominium at 135 Webster St. The buyer, South Shore Conservatory, a non-profit arts education school plans to convert the property from its existing medical use to classrooms, performance space for their music programs and administrative offices. The building will become the organization’s third campus in the region.
“South Shore Hanover OB/GYN Inc. (HOB) is pleased to announce the recent sale of 135 Webster Street in Hanover, Mass. to the South Shore Conservatory. The conservatory is well known to the community and all of us at HOB are pleased that it has chosen to establish itself in Hanover and that our location will continue to have a positive role in the community,” said South Shore HOB.
“The vibrant South Shore Community has filled South Shore Conservatory classrooms with music and joy for over 45 years. We are excited to establish a new campus in Hanover, enabling us to extend our reach and provide greater access to excellent music education, life changing creative arts therapies, and a wide range of concerts, spreading enjoyment across the region,” said Kathy Czerny, president, South Shore Conservatory.
135 Webster St. is a 2-story, 7,610 s/f medical office condominium building on 2 acres, built in 1976. The property is located at the intersection of Rte. 123 and 53 on the Norwell/Hanover line in Assinippi Corner and is a 1/2 mile from Rte. 3. In the area there is a strong retail presence, including the Hanover Mall as well as restaurants. HOB and South Shore Conservatory will each occupy a portion of the property while HOB prepares to continue their practice at a new location in the Hanover/Pembroke area.
Since 2011, Perry Brokerage Associates has provided their clients a full real estate services platform including leasing, sales and acquisition services, market research and property consulting. PBA represents owners and tenants in the Boston, Cambridge and the Suburban markets
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
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.
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.
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:
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.
