Hughes of New Dover Associates, Inc. handles $3.85 million sale of 31,581 s/f building
Scott Hughes, president of New Dover Associates, Inc. represented the seller, Green Brick Development, LLC, and procured the buyer, JOR Greenleaf, LLC in the sale of 1 H.F. Browns Way for $3.85 million.
1 H.F. Browns Way is a single story, fully air conditioned multi-tenanted flex/office building totaling 31,581 s/f on 4.5 acres. The building is located near Rtes 9, 135, 126, 27 and the Mass. Tpke. (I-90). The Natick Mall and Shoppers World are less than three miles from the property. The Property is also located near public transportation, commuter rail and retail shops.
Existing tenants at 1 H.F. Browns Way include Jump Start Physical Therapy, Inc., Peak Fitness LLC DBA Energy Fitness & Gymnastics and Justice Resource Institute, Inc.
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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.
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.
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.