Malone Commercial Brokers completes 90,400 s/f lease for Bush Equities, Inc.
Malone Commercial Brokers recently completed the following transactions:
* Bush Equities, Inc. leased 90,400 s/f at 70 Quarry Rd. J.B. Brown & Sons is the landlord. Jim Harnden and Matthew Barney of Malone brokered the transaction.
* Ronald Treister will relocate his Maine office to 50 Portland Pier. John Doyon, CCIM and Peter Harrington of Malone assisted with the transaction.
* Health Affiliates of Maine, Inc. leased 657 s/f at 222 St. John St. Cowcatcher LLC is the landlord and East Brown Cow is the property manager. Peter Harrington and David Caron of Malone Commercial Brokers brokered the transaction.
*JJR 443 Congress LLC purchased 443 Congress St. The 7-story 38,000 s/f office building near Monument Sq. is also known as the historic Clapp Memorial Building. The Mary J.E. Clapp Trust was the seller. Joe Malone, CCIM and Harnden and Barney brokered the transaction.
*Miyake LLC leased 1,389 s/f for its restaurant at 470 Fore St. in Portland. The company has two other restaurants in the city, Miyaka and Pai Men Miyake. 468 Fore Street Realty LLC is the landlord. Harrington of Malone brokered the transaction.
* Emerald City leased 862 s/f at 564 Congress St. Emerald City is a retail shop selling gifts for all occasions, cards, jewelry and uniques. Terbax Realty Inc. is the landlord. Malone of Malone brokered the transaction.
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.
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.
>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.
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