Joyce B. O'Connor Real Estate Inc. leases 2,900 s/f to Hometown Bank
Hometown Bank, with headquarters in Oxford, has leased the former Bank of America, at the Heritage Mall at 569 Southbridge St. The property is owned by the Heritage Mall Associates and consists of 2,900 s/f on over one half acre of land and is the pad site for the 35,000 s/f strip mall.
The bank has two drive thru windows. Hometown Bank has five branch offices.
Chief executive officer Matthew Sosik is planning for a September opening.
Joyce O'Connor of Joyce B. O'Connor Real Estate Inc. represented both lessor and lessee.
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.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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,
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.
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.