News: Front Section
Posted: July 11, 2008
McKinley, Kelleher and Matt of Kelleher & Sadowsky Assocs. complete $2.94m sale
John McKinley, principal, William Kelleher, vice president and Paul Matt, associate broker of Kelleher & Sadowsky Associates, Inc., brokered the sale of the 49,000 s/f building located at 799 West Boylston St. The 2.133 acre site is close to Rte. 190. The property was sold to Seven Hills Family Services for $2.94 million.
Tenants within the building include the Junior League of Worcester, Health Awareness, Audio Journal, Abacus Growth Group, The Rape Crisis Center, the Mass. Assn. for the Blind, and Curves for Women. Seven Hills plans to occupy 30,000 s/f with many of the existing tenant's remaining within the facility.
The Seven Hills Family Services works to advance and sponsor rehabilitative, housing, educational, healthcare, social, and related services on behalf of persons with physical, developmental and emotional challenges.
Kelleher & Sadowsky represented the seller, Compass Financial LLC and the buyer, Seven Hills in the transaction.
Tags:
Front Section
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.
Columns and Thought Leadership
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.
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
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.
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
