News: Front Section
Posted: June 24, 2022
Harrington & Co. and Norton Asset Mgmt. work together on 42-acre site sale for $2.2m
Hooksett, NH Mike Harrington of Harrington & Company and Bill Norton of Norton Asset Management have teamed up to consult and represent the owners of 18 Legends Dr. in the sale of their 42-acre property for $2.2 million.
18 Legends Dr. is an industrial zoned property that prior to the sale had been used as a recreational business consisting of a driving range, miniature golf course and batting cages.
The sale culminates an over 30-year relationship between Norton and the owners of the property/business whom he counseled over the years and during the initial stages of developing this property into a successful family-owned business.
The property was purchased by Marmon Aerospace & Defense who received town approvals to build a new 80,000 s/f manufacturing facility at this location. The buyer was represented by Josh Robbie of Savills-US.
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
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.
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.