Mulroy of O'Brien Commercial Properties brokers $1 million sale
Yukon Holdings LLC has purchased 280 Ayer Rd. for $1 million from Jensam Realty. In 1982 Jensam Realty built the brick office and flex building for Manchester Corp., (a related waste water engineering firm). The two story multi-tenant building is situated on a 3 acre commercially zoned lot of land in the Ayer Rd. business district. Paul Mulroy, vice president of O'Brien Commercial Properties represented the buyer in this transaction and Eric O'Brien, president of O'Brien Commercial Properties represented the seller.
In addition Hi-Temp Coatings Inc. has signed a lease at Mill Pond Sq. in Maynard with owner Lexvest Partners, LLC. Hi-Temp Coatings plans to remain in Boxborough and will be relocating its materials testing lab from Acton into 3,408 s/f space at 63 Great Rd. in Maynard. Lexvest was represented by O'Brien Commercial who also procured the tenant.
in this long term lease transaction.
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,
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
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.
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:
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.