News: Front Section
Posted: June 15, 2018
Conrad and McEvoy of The Conrad Group complete $1.75m sale on behalf of seller, DiVen Properties, Inc.
Stoughton, MA The Conrad Group, Inc. negotiated the sale of 10 Cabot Place on behalf of the seller, DiVen Properties, Inc. The 17,500 s/f, four-story office building is located off of the Rte. 139/Rte. 24 intersection.
Presently, the building is home to Envision Bank (formerly Randolph Savings Bank). The new owner, Geoff Wilkinson, does not plan any major alterations to the property.
Robert Conrad, president and James McEvoy, senior vice president of The Conrad Group handled the sale. The Conrad Group represented both the seller and the buyer.
According to the Registry of Deeds, the property sold for $1.75 million.
Conrad said, “This investment was a perfect fit for the buyer as it checks off all of the boxes that a sound building acquisition entails.”
MORE FROM Front Section
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
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!
Investing in a falling rate environment - by Harrison Klein
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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
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