Galaxy Development acquires former Grossman's Bargain Outlet property - plans to transform into 2 retail units
Galaxy Development has acquired the former Grossman's Bargain Outlet property at the intersection of Blandin and Beaver Sts.
The project has been fully permitted for a new 20,000 s/f two tenant retail building. A lease has been executed with Dollar Tree for half of the space. Dollar Tree was represented by John Wise and John Phelan of SRA represented Galaxy.
The building was designed by Allevato Architects. Civil engineering and site design was done by Patrick Doherty of Midpoint Engineering and traffic engineering was done by Ali Khorasani of AK Associates. Legal representation for the permitting process was done by attorney Brian Levey of Beveridge & Diamond. Attorney Larry Brodeur of Fletcher Tilton in Worcester represented Galaxy for the purchase. Grossman's was represented by Tom Hornstein of the Horn Companies in Syracuse, New York.
Construction will commence immediately and the new tenants will be open for business this fall.
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.
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:
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.