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News: Front Section
Posted: April 30, 2021
Brady Sullivan Properties completes $15 million sale of 199 & 201 Riverneck Rd., Chelmsford, MA
Chelmsford, MA Brady Sullivan Properties closed Quarter 1 with the disposition of a two-building portfolio: 199 & 201 Riverneck Rd., totaling 94,828 s/f and 90,399 s/f respectively. Charles Panasis spearheaded the transaction on behalf of the seller. The Davis Companies purchased the portfolio.
Formerly utilized as a corporate headquarters campus for Mercury Systems, the Riverneck Rd. properties provide a unique opportunity for redevelopment, with versatile zoning, highway proximity, and access to amenities collectively positioning the site extremely well. The area has emerged as a front-runner for large-format office and industrial requirements over the past two years, and the attraction has sustained through the COVID-19 pandemic as searches for class A commercial space expand beyond the Greater Boston area.
Brady Sullivan Properties continues to add to its portfolio of commercial property throughout New England and beyond, strategically acquiring value-add real estate. Currently the group is underway with a 600,000 s/f mixed-use redevelopment of the former Swansea Mall (Swansea, Mass). CubeSmart has leased 100,000 s/f in the former Apex Entertainment box, and the continued overhaul will include new construction residential, commercial office, and retail, collectively rebranded as a lifestyle campus.
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Columns and Thought Leadership
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:
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.
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.
