News: Front Section

McGarry of O’Brien Commercial
Properties handles $1.5m sale

Acton, MA O’Brien Commercial Properties completed the sale of a multi-tenant office building located at the gateway to Nagog Park and Nagog Shopping Plaza.

30 Nagog Park is a 13,194 s/f brick building situated on 1.2 acres. The property features ample parking, views of Nagog Pond and access to I-495 and Rte. 2.

Rob McGarry of O’Brien Commercial Properties represented the seller, Infotree Investment LLC and procured the buyer MAG RE Holdings - Acton, LLC.

The property was sold for $1.5 million ($114 per s/f). This was the highest per s/f price “in the last 10 years” based on Costar available data. 

O’Brien Commercial Properties, Inc. is a results-driven commercial real estate brokerage with expertise in the sale and lease of industrial, office and flex buildings and commercial-zoned land in Central and Western Mass., R.I., and N.H.

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
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
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.
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.