Hughes of New Dover Associates, Inc. brokers $3 million office building sale
Scott Hughes, president of New Dover Associates, Inc. represented the seller, Maric Strathmore, Inc., an affiliated entity of Maric, Inc., and procured the buyer, GMG 21 Strathmore Road, LLC, an affiliated entity of Genesis Management Group, LLC in the sale of 21 Strathmore Rd. for $3 million.
21 Strathmore Rd. is a fully leased 15,504 s/f single story office building. It is fully air-conditioned with a tailboard loading dock and conveniently located in the Natick Business Park 200 yards away from Rte. 9 and close to the regional retail centers of The Natick Mall and Shoppers World.
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,
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.
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:
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.
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.