News: Front Section
Posted: August 2, 2019
Conrad and McEvoy of The Conrad Group broker $3.9 million sale of 5.5 acre site
South Weymouth, MA The Conrad Group, Inc. negotiated the $3.9 million sale of 1500 Main St. on behalf of the owner, GMS Realty, LLC. The 5.5 acre site is located adjacent to the South Weymouth Commuter Rail Station and will be developed in 234 residential apartment units along with 7,000 s/f of retail/office space. The site falls within the town’s recently enacted overlay district. The site has visibility as well as access to the commuter rail. Construction is scheduled to begin this summer.
Robert Conrad, president of The Conrad Group, said, “Rarely in today’s market can you find a development site that lies adjacent to a commuter rail, two miles from a major intersection (Rtes. 3 and 18) and within a mile of a major hospital. It will be highly desirable to all occupants for those reasons.”
Jim McEvoy, senior vice president of The Conrad Group, who assisted Conrad in the sale, said, “The recently enacted overlay district is sure to revitalize sections of Weymouth which have lacked first class new development for many years. The city of Weymouth were a pleasure to deal with through out the process.”
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