News: Front Section

Posted: November 29, 2019

Kanter and Kunofsky of Marcus & Millichap and Normandin of Summit complete deals totaling $75 million

Lexington, MA Frank Normandin of Summit Realty Partners, Inc. working in conjunction with Josh Kanter and Glen Kunofsky of Marcus & Millichap/NNN Pro Group, completed four separate tax-free exchanges totaling $75 million in acquisitions on behalf of a family trust.

The multifamily residential properties have been exchanged for 19 single tenant net leased diversified assets in nine U.S. states (VT, NH, CT, MD, VA, NC, GA, FL and AZ).

Tenants include Walmart Neighborhood Market; Dollar General; CVS Pharmacy; TD Bank; Sun Trust Bank; Hospital Corporation of America; DaVita Health Care; Wendy’s; Panera Bread; 7 Eleven; O’Reilly Auto Parts; and Planet Fitness.

Summit’s affiliate, Winslow Property Management will be the property manager for the portfolio.

Reprint

Next Story Previous Story

NeighborWorks Housing Solutions awarded $20,000 grant from Dedham Savings Foundation

Front Section

O’Brien Commercial Properties handles 10,700 s/f in leases in Marlborough and Lancaster, Mass.

Front Section

Boston Realty Advisors represents Audubon Road Associates in the sale of Shawomet Gardens

Front Section

Investing in a falling rate environment - by Harrison Klein

Front Section

Mott & Chace Sotheby’s International Realty brokers $6.5 million sale in Little Compton, RI

READ ON THE GO

DIGITAL EDITIONS

Browse Now

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

The fall season marks the return of IFMA Boston events

Front Section

Investing in a falling rate environment - by Harrison Klein

Front Section

Bulfinch signs long-term lease with TIAA at 95 Mount Auburn St.

Northern New England

PROCON and Hitchiner break ground on 57,000 s/f shared services operations facility

STAY INFORMED FOR $9.99/Mo.

NEREJ PRINT EDITION

Browse Now

STAY CONNECTED

SIGN-UP FOR NEREJ EMAILS

Columns and Thought Leadership

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades

The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary