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.
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.
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.
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.
>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.