News: Front Section
Posted: March 25, 2022
Colliers Hartford brokers $1.01 million sale of Advance Auto store
Blackstone, MA Colliers Hartford has completed the sale of a single tenant Advance Auto store located at 1247 Social St. for $1.01 million. Phil Gagnon, Ian Hunt, and John Cafasso of Colliers represented the seller in the transaction.
Of the sale, Hunt said, “Demand for high quality assets like 1247 Social St. remains robust, evidenced by multiple above-ask offers.”
Advance Auto recently exercised a five-year option at the 6,812 s/f property. The purchaser is a private investor and was represented by Bruce Corn of NAI/Merin Hunter Codman.
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,
Quick Hits
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:
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.
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.