News: Front Section

KJTS and Associated Builders receive approval for $2.5 million building - LeBlanc of KW Commercial named leasing agent

East Longmeadow, MA KJTS, LLC with Dr. Kevin Coughlin, manager and Associated Builders of South Hadley have received final town approval for a $2.5 million class A, 18,000 s/f medical/dental building to be built at 250 Main St. A groundbreaking will be held in late spring. Expected completion is set for this December. The new building will be located in the office/retail corridor on North Main St. (Rte. 32). 

This is an excellent location with the building-use fitting in with the surrounding businesses and it’s the last buildable lot in this section. It’s a plus for the town as the tax revenues generated will likely be in the $30,000 range vs. the $5,000 on the presently undeveloped parcel.

Associated Builder’s site design makes maximum use of the sloping land by having an aesthetically looking upper level visible from the street and a full lower level; both with their own entrances, off-street parking lots and elevator. The building will be ADA compliant and each office space will be individually controlled with the latest energy- efficient HVAC sustems.

Tentatively, the office spaces are set up with 2 offices per floor, ranging in size from 3,300 s/f up to 7,000 s/f (also sub-dividable). New tenants will be able to coordinate their individual office, exam rooms, lab, dentistry setups, reception area needs with Associated Builder’s designers providing for a more efficient and less costly approach to the space buildouts. 

Keller Williams (KW) Commercial of Longmeadow has been chosen as the exclusive leasing agency for the project with Richard LeBlanc CCIM, associate partner, coordinating the marketing efforts. Pre-construction leasing has already begun which will allow any medical/dental facility ample time to negotiate and plan their business expansion goals.

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
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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>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.
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,
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.