News: Front Section
Posted: October 29, 2008
Lefebvre of Shanley Realtors brokers $2.215 million sale for The Kihei Group
14 Market Sq. has been considered the center of downtown. Its history as a gathering spot for locals and visitors includes Moulton's Fountain Shop, Teddy's Lunch, Café Brioche and its current tenant Breaking New Grounds.
Though the tenant line-up will currently stay the same, the ownership of the building has changed.
Dave Lefebvre of Shanley Realtors brokered a transaction to transfer ownership of the land and the 12,000 s/f, three-story building.
Lefebvre, representing the current owners, The Kihei Group, LLC, combined efforts with the buyer, BNG Properties, Inc. John Bosen, Esq. of the law firm Bosen and Springer represented the interests of the seller, with Denise Poulos, Esq. of Donahue, Tucker, and Ciandella providing counsel for the buyer.
Tenants who occupy space at 14 Market Sq. in addition to Breaking New Grounds, include the retail location of Oriental Gallery on the first level, with Driver/Ryan Architects, Midheaven, Tangram 3D, and The Banks Gallery in offices on the 2nd and 3rd levels.
The selling price, including land and building was $2.215 million.
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,
Quick Hits
Columns and Thought Leadership
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.
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:
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.