Edgar and Bergman of Kinlin Grover Commercial Group broker 3,600 s/f lease
Kinlin Grover Commercial Group recently completed the lease of 3,600 s/f of flex space at 9 Aldrin Rd., in the Plymouth Industrial Park. The tenant Fred Astaire Dance Studio signed a 10 year lease and is having a complete custom buildout with a large ballroom and smaller lesson room and other facilities completed in the space. The dance studio is part of a 41,500 s/f building that is now 87% leased with multiple tenants. There are two remaining spaces available in the building.
Kinlin Grover brokered the transaction between the owner's of property and the Franchisee for Fred Astaire. The dance studio has been in business for more than 5 years and moved to grow and have a more centralized location.
Ben Edgar of Kinlin Grover represented the owner, and Jeff Bergman of Kinlin Grover represented the tenant.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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,
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.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.