News: Front Section
Posted: August 14, 2014
Galvani of Parsons Commercial completes $2.3 million sale
Parsons Commercial Group, Inc. (PCG) completed the sale of 109 Powdermill Rd. for $2.3 million. Victor Galvani, vice president at PCG represented the seller, Great Point Investors, in the sale of the 114,467 s/f single story office/R&D facility.
The building was originally owned by Digital Equipment Corp. before it was sold in the late 1990s along with several other of their properties.
109 Powdermill Road sits on 10 acres and is currently zoned industrial, which includes R&D, manufacturing, warehouse and professional uses.
The buyer, KaileyBoo LLC was also represented by Galvani.
PCG is a commercial real estate firm servicing the Suburban Boston markets. The company is a leading provider of commercial real estate services including, tenant and landlord representation, investment sales, property and asset management, development and construction management, advisory and distressed asset advisory services.
Tags:
Front Section
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,
Columns and Thought Leadership
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.
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.
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.
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: