News: Front Section

Kelleher & Sadowsky represents R.J. Devereaux Corp. in $1.995m industrial building purchase

Northborough, MA According to Kelleher & Sadowsky, R.J. Devereaux Corp. purchased 200 Bartlett St., a 6.7-acre property with three industrial buildings for a total of 34,000 s/f, from Bartlett Street Realty Trust.

The R.J. Devereaux is a full-service and fully qualified utility contractor that has been serving the utilities in the New England area for over 45 years.

The seller, Bartlett Street Realty Trust, had owned the property since 1992.

Brian Johnson and Drew Higgins of Kelleher & Sadowsky represented the buyer and A. Murray Real Estate, LLC represented the seller.

R.J. Devereaux purchased the property for a central operations hub and will utilize the property as a contractor’s yard, training facility, and administrative office space. In addition, R.J. Devereaux plans to retain the long-term existing tenant, Lamy Automotive.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
Investing in a falling rate environment - by Harrison Klein

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.