News: Front Section
Posted: September 4, 2020
Horvath & Tremblay’s Kelleher, Pentore and Benton handle $8.6 million sale of Arlington Commons
Framingham, MA Dennis Kelleher, John Pentore and Ryan Benton of Horvath & Tremblay have completed the sale of 56-units for $8.6 million. Arlington Commons consisted of two, twin 27-unit buildings and an adjacent two-family on separate tax parcels. The properties sold at a 5.6% cap rate.
Arlington Commons (77-79 and 93 Arlington St.) is situated in a good commuter location, outside of downtown and close to the Framingham Waverly Commuter Rail Stop. The twin, 27-unit apartment buildings, with off-street parking for over 50 cars, contain six studios, 21 one-beds and 27 two-bed apartments. The adjacent two-family, 93 Arlington, contains one two-bed unit and one three-bed unit on a 13,408 s/f lot. All units will need to be programmatically upgraded to bring the properties to their highest and best use.
The town, with over 70,000 residents, is home to the world headquarters of Staples, Bose Audio and TJX, to name a few, as well as Framingham State University.
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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.
Columns and Thought Leadership
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.
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.
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,
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