News: Front Section
Posted: December 16, 2022
Everest, Triglione and Bartley of Nordlund Associates handle $3.3m sale and 17,419 s/f lease
Middleton, MA Chris Everest of Nordlund Associates has completed the sale of 14 Birch Rd., in Middleton. The 33,160 s/f building on 1.39 acres was purchased by Big Three Ventures, LLC from Birch Road 14, LLC. The property sold for $3.3 million which equals $99.52 per s/f.
In addition, Nordlund Associates finalized the lease of 261 River St. in Haverhill, Mass. Borden Textile, LLC leased 17,419 s/f of light manufacturing space.
According to Jim Polakeiwicz, CEO of Borden, “We engaged Rick Bartley and Anthony Triglione, of Nordlund to find a property to relocate our company, as our lease was expiring. Due to the extremely tight supply of industrial space, the team worked diligently and successfully to locate this off-market opportunity that will allow us to continue to thrive in Haverhill.”
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
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.
Quick Hits
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein
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.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
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.
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,
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.