News: Front Section
Posted: September 9, 2009
Gibbons of ABG Realty completes two sales totalling $9.75 million
ABG Realty recently completed two deals totalling $9.75 million. Bernard Gibbons of ABG Realty represented the buyer, Green Cab Inc. and Paul Dellaney of Grubb and Ellis represented the seller, David Aposhian, in the sale of 600 Windsor Place.
The 24,000 s/f industrial facility, located in the Boynton Yards development overlay district, sold for $2.5 million. Green Cab was forced to relocate from it's existing facility on Foley St. in Assembly Sq. to make way for the new IKEA store.
Gibbons also represented the seller, Everett Business Center LLC, and Joel Miller of Perishable Management Services represented the buyer, Jetro Cash and Carry Enterprises, in the sale of 5.7 acres in Everett, for $7.25 million.
The land sold was the former city of Everett DPW site locates on Rte. 16 Revere Beach Parkway.
Tags:
Front Section
MORE FROM Front Section
Front Section
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
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.
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.
