 (2).jpg)
News: Front Section
Posted: August 19, 2022
Bongiorni of SR Commercial leases 17,000 s/f to Berkshire Trade LLC, DBA Terminal for Amazon Prep Center
East Longmeadow, MA Paul Bongiorni of SR Commercial Realty brokered the lease of 17,000 s/f of warehouse space.
The multi-tenant industrial property at 35 Industrial Dr. is home to Toner Plastics, a company specializing in plastics design and manufacturing.
The building is 125,000 s/f and sits on over seven acres in one of the area’s industrial parks.
The new tenant is Berkshire Trade LLC, DBA Terminal, a tech-enabled Amazon FBA prep center.
The prep center receives inventory for sellers, prepares and packages it according to Amazon’s standards, and then sends it out to Amazon’s vast network of fulfillment centers.
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
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.
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.
