Christie, McGee and Lieber of NAI Hunneman broker $4 million sale
NAI Hunneman recently brokered the $4 million sale of 39 Bay State Rd., an 11-unit, multifamily property conveniently located in Kenmore Sq. Executive vice president/principal Carl Christie, assisted by sales associates Dan McGee and Henry Lieber, represented the seller 39 Bay State Rd. Real Estate Trust and procured the buyer Mo Mestaykh, LLC.
"The building drew heavy interest from the investor community due to its strong location, historical occupancy levels as well as the upside potential," said Christie
39 Bay State Rd. is an 11-unit brownstone apartment building. The building is one of a row of 20 related houses built in the Romanesque Revival Style of the late 1800's. The 5-story building features two apartments on each floor and one unit on the top floor with access to a roof deck, parking, and views.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 400 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world complete 200 million s/f of commercial space.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary