News: Front Section
Posted: March 9, 2018
Gibbons and Pepple of ABG Commercial broker $20 million sale
Somerville, MA Bernard Gibbons and Justin Pepple of ABG Commercial Realty brokered the sale of 561 Windsor St. for $20 million. The property was purchased by RPI 561 Windsor, LLC (Riverside Properties) from Millers River Realty Trust.
561 Windsor St. consists of 83,224 s/f of commercial space on 5 floors with a variety of tenants from software companies to manufacturers. The building has been the longtime home of the famed Taza Chocolate Company as well as EH Chocolatier, a specialty chocolate shop. The building is also home to Tulip Software, a creator of manufacturing app software. The property is located in the Boynton Yards section of the city adjacent to the new Union Sq. Green line T-Station scheduled to open in 2020.
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Columns and Thought Leadership
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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.
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:
