News: Front Section

DeSimone and Sherman join Kelleher & Sadowsky

Worcester, MA Kelleher & Sadowsky Associates, Inc. has added two former JLL Boston veterans, Philip DeSimone and Andrew Sherman to lead its expansion eastward into the Metro -West and suburban Boston areas.

With more than 30 years of combined brokerage and advisory experience, DeSimone and Sherman have an impressive list of tenant and investor clients from Worcester to Boston. Most recently, as part of JLL’s Suburban Brokerage Group, managing director DeSimone and vice president Sherman partnered with the Kelleher & Sadowsky team to sell twelve RMR Group properties throughout Central Mass.

“Over many years, I have partnered with Kelleher & Sadowsky on many high-profile projects, and now we are excited to be on the same team,” said DeSimone.

At Kelleher & Sadowsky, DeSimone and Sherman will focus mostly on the office, life science and distribution warehouse sectors providing investor/landlord-related services and advising their corporate clients on how to minimize risk, lower occupancy costs and create flexible, more productive work environments.

According to DeSimone, “the pandemic will accelerate migration to the suburbs by companies currently in Metro Boston as they understand their post-Covid space requirements.” 

“As part of an entrepreneurial, independent, and nimble firm, we have an opportunity to deliver tremendous client-centric, high-touch solutions by providing ‘best in class’ resources and the most innovative technological tools to our clients,” said Sherman.

For the second year in a row, Kelleher & Sadowsky achieved the distinction of being the top independent firm in Massachusetts in terms of sales and lease transactions as reported by commercial real estate information company, CoStar, as well as the Boston Business Journal. The Worcester-based commercial real estate firm provides landlord/seller representation, tenant/buyer representation, mortgage brokerage, capital markets and business brokerage services. Corporate client experience includes UMass Memorial Healthcare, Reliant Medical Group, Eversource Energy, Hanover Insurance Group, Columbia Tech, Synergy Investments and Franklin Realty Advisors. 

“Over the years, our corporate clients have increasingly taken us beyond Worcester and Central Massachusetts,” said Kelleher & Sadowsky principal James Umphrey. “The addition of Phil and Andrew represents an important first step for us to develop a much larger presence in the MetroWest market and further east”.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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

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

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

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.