News: Front Section
Posted: February 25, 2022
Greyhill Group purchases 881 Boston Post Rd. in Milford for $7 million
Mildford, CT Greyhill Group, a New York real estate private equity firm, has purchased a commercial property at 881 Boston Post Rd., for $7 million, according to Jon Angel, president of Angel Commercial, LLC. The seller was GJS Properties, LLC, from Fairfield, Conn.
Tesla, Inc. leases a portion of this 70,001 s/f building on 3.24 acres as a showroom and service center for its electric vehicles.
“This property caught the attention of many commercial real estate investors,” said Angel, who was the sole broker in this transaction. “Having Tesla as a tenant significantly strengthened the appeal of this investment, and with frontage on Rte. 1 (Boston Post Rd.), this two-story building has excellent visibility and prominent street signage.”
The building features heavy power, a wet sprinkler system, and a security alarm system.
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,
.png)
Quick Hits
Columns and Thought Leadership
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
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.
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.
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.