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.
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.
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.
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
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,
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.