News: Front Section
Posted: June 5, 2008
Holmes and Sullivan of R.W. Holmes brokers $7.15 million sale to Janelon
On behalf of Northland Investment (33 Locke Drive L.P.), R.W. Holmes has sold 33 Locke Dr. to Janelon Trust for $7.15 million. 33 Locke Dr. is a two story 60,477 s/f first class office and laboratory building 95% leased to Sepracor.
Sepracor is a leading research based pharmaceutical company that develops, manufactures, and sells drugs for respiratory and central nervous system disorders.
Garry Holmes, SIOR represented Northland along with Bruce Lusa and Bruce Nolen Northland's acquisition/Disposition director and vice president of Asset Management respectively.
Bill Sullivan vice president of R.W. Holmes represented Janelon Trust. WRT Management will be responsible for the day to day operations of the property.
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,
Quick Hits
Columns and Thought Leadership
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.
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: