News: Front Section
Posted: January 27, 2023
Cushman & Wakefield arranges 260,150 s/f lease for Martignetti Cos.
Taunton, MA Cushman & Wakefield has arranged a 260,150 s/f lease for Ferguson Plumbing Supply at the Taunton Trade Center located at 300 Charles F. Colton Rd.
Cushman & Wakefield’s Phillip Verre, Rob Byrne, Pete Whoriskey and Paul Leone represented the landlord, Martignetti Companies, in the transaction. The tenant was represented by CBRE.
“We are thrilled to welcome Ferguson Plumbing Supply to the newly delivered Taunton Trade Center, one of the largest construction projects to be completed within the 810-acre Myles Standish Industrial Park,” said Verre. “The outstanding project team consisting of Ware Malcomb, Commercial Construction Consulting (C3) and Suffolk Construction delivered an exceptional, state-of-the-art industrial development in under 12 months from groundbreaking in order to meet tenant demand, which has continued to increase from local, regional and national users.”
The Taunton Trade Center is a speculative industrial development consisting of 584,640 s/f of class A high-bay distribution and warehouse space. The asset features 112 loading docks with cross-dock capabilities, 40 ft. clear ceiling heights, 132 trailer drops, eight-inch Ductilecrete specialty floor slab increasing a user’s cubic square footage by 25% compared to other new construction in the market and 546 parking spaces.
The property is located near I-495 and I-95 providing access to the surrounding Massachusetts and Rhode Island areas.
Tags:
Front Section
MORE FROM Front Section
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
.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:
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.
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.
