News: Front Section
Posted: January 29, 2021
JLL brokers $9.5m off-market sale of a 63,000 s/f warehouse facility
Woburn, MA JLL completed the sale of 8 Roessler Rd. The firm brokered the deal between buyer and seller. Oliver Street Capital purchased the fully leased 63,000 s/f high-bay warehouse facility for $9.5 million.
The transaction was led by JLL’s industrial team, including vice president Benjamin Roopenian, and senior vice presidents, Michael Ciummei and Joe Fabiano.
“8 Roessler Rd. marks an exciting opportunity for us as we continue to expand our acquisition activity in the Greater Boston region,” said Jonathan Hyde of Oliver Street Capital.
Roopenian said, “High-bay warehouse facilities like 8 Roessler Rd., have become highly coveted assets for investors looking to capitalize on ecommerce-driven shifts in consumer behavior. This deal speaks to the high desirability of well-located industrial property in Greater Boston.”
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,
.png)
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.
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:
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.
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.
