McNamara of Poirier Realty sells 13,309 s/f former nursing home
Tom McNamara of Poirier Realty represented the seller, Masters Christian Academy, and assisted the buyer, The Guild of St Agnes of Worcester, Inc., in the sale of 155 Green St. for a sale price of $572,000. The 13,309 s/f former nursing home and private school has a 1.25 acre lot with parking and over 30 rooms located on one level. With handicap accessibility and access to the highway, the property suited the plans of the buyer to consolidate several programs and expand others.
In a separate transaction, McNamara represented the landlord in the lease of 650 North Main St., Leominster, to Rehabilitative Resources, Inc. Doug Nadeau of C-21 Realty Team represented the tenant. The 8,374 s/f single story commercial building on Rte. 12 provided highway access, a large flexible structure, and parking on the 41,000 s/f commercial lot. The landlord and tenant agreed to a 10 year lease which gave the tenant an opportunity to complete their own leasehold improvements. This location had been a Mr. G's Party Center for the previous 10 years.
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,
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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.
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:
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.