News: Front Section
Posted: December 18, 2020
Combined Properties executes 26,476 s/f lease to SRS Distribution
Malden, MA According Combined Properties Inc., SRS Distribution signed a lease at 326 Commercial St. for 26,476 s/f of prime industrial space.
SRS Distribution is an industry-leading, wholesale roofing products distributor that serves the professional roofing contractor. SRS Distribution is one of the fastest growing building products distribution companies in the U.S. and has opened multiple new locations since its start in February of 2008.
326 Commercial St. was most recently occupied by a national telecom service company to house utility trucks and other equipment. The property possesses 22,000 s/f of warehouse and garage space together with 4,400 s/f of office space. It also features cross dock capability, multiple points of drive-in access as well as surface parking for approximately 200 vehicles.
“A couple of years ago SRS Distribution acquired a regional roofing company that occupied a property Combined Properties owns on Mystic Avenue in Medford,” said Greg Regazzini, SVP director of leasing for Combined Properties. “What we learned from that transaction is that SRS is a great company and great operator so we are thrilled to welcome them into a second property within our industrial portfolio.”
This first-class industrial asset is strategically located in the heart of Boston’s Inner Belt. It is five minutes north of downtown Boston and ten minutes to Logan International Airport. The site offers convenient access to I-93, Rte. 16 and Rte. 1. 326 Commercial St. is also situated along the MBTA Orange Line corridor between Wellington Station and the Malden Center T stop; making the location a true multi-modal transit site.
Victor Galvani, director of brokerage & senior advisor at SVN Parsons Commercial Group Boston represented SRS Distribution in this transaction while Regazzini represented Combined Properties.
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
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.
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.
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.
