News: Front Section

Gatti of Greater Boston Commercial Properties, Inc. completes five new leases totaling 29,550 s/f in Hudson

Despite a stagnant Metro West industrial market, Greater Boston Commercial Properties, Inc. (GBCP) recently completed five lease transactions totaling 29,550 s/f of industrial space at the Kane Industrial Park. Four of these leases consisted of freestanding buildings, three of which offered the unique feature of offering both tailboard loading and an overhead drive in door. Benjamin Gatti represented the landlord in all five transactions and procured the tenant directly in four of the five. The first transaction at 14 Kane Industrial Dr. consisted of a 5,800 s/f building leased to Play It Now, an online computer game apparel and toy distributer. The second at 12 Kane Industrial Park, a 6,750 s/f freestanding building, was leased to Dogs' Learning Center, LLC, which is a dog trainer's cooperative providing canine owner with training and education. GBCP also leased a brand new freestanding 8,800 s/f building at 11 Kane Industrial Dr. The tenant, City Electric, a national distributor, will benefit from a customized build out, tailboard loading, heavy power and a first class image. Gatti subsequently leased 2,200 s/f at 5 Kane Industrial Dr. to Veracity Construction Group, a fiber optics service provider in need of a small drive-in bay with offices. The most recent transaction in June is at 1 Kane Industrial Dr., a free standing 6,000 s/f industrial building, where an audio-visual company from Marlborough, D2 Productions, will relocate its operations. The building is ideal for D2 in "as is" condition with built out office space, high bay warehouse, exclusive tailboard loading and drive-in, and signage and visibility on Main St.
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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,
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Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.
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