Dieker and Tamposi of CBRE broker $3m sale for Standex International Corp.
CB Richard Ellis has facilitated the sale of 6 Manor Parkway, a 29,355 s/f office building located adjacent to I-93, for $3 million. The CBRE team of Roger Dieker, managing broker of the CBRE Manchester office, and Mike Tamposi, associate, represented the seller, Standex International Corp., and procured buyer 6 Manor Parkway LLC, a commercial property investment firm.
"6 Manor Parkway benefits from an excellent location at exit 2 on I-93, which is currently being widened," said CBRE's Dieker. "The increased accessibility of Southern New Hampshire due to the widening of I-93 will only enhance the desirability of the office properties in this region," he added.
6 Manor Parkway is situated on approximately 5 acres adjacent to I-93. Built in 1987, the single-story office building has been well-maintained and features an attractive interior courtyard and parking for over 80 vehicles. The property is located off of Pelham Rd., one mile from downtown, two miles from Rockingham Park and four miles from the I-93/Route 213 interchange.
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,
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.
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.
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.
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: