Mayrand of Kelleher & Sadowsky brokers $870,000 sale for K.L. Realty
Matthew Mayrand of Kelleher & Sadowsky Associates, Inc., recently brokered the sale of 805 Grafton St. The transaction closed January 28th. The seller Barclay Henderson sold the 6,000 s/f building to K.L. Realty Trust for $870,000. The building was previously leased to Hollywood Video who vacated the building in late 2008.
K.L. Realty Trust plans to renovate the building and open Q Smile Dental. Q Smile Dental will be a modern facility with ten operatories. They plan to open this summer. This will be the owner's third location, with offices in Worcester and Fitchburg.
Mayrand procured the buyer, K.L. Realty Trust, and Joyce O'Connor, Joyce O'Connor Real Estate represented the seller.
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.
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
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,
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.