Mulroy of O'Brien Commercial Properties, Inc. completes three leases totaling 24,090 s/f
Paul Mulroy, senior vice president at O'Brien Commercial Properties, Inc. recently represented Hitch Inc. in leasing 5,000 s/f at 166 Middlesex St. The tenant, The Chelmsford Sports Club, was directly procured by Mulroy. They will be using the space for fitness classes. This completes the leasing efforts at the property.
Mulroy also completed a lease extension at 275 Billerica Rd. The tenant, Pro AV Systems, extended their lease on 12,740 s/f of office and warehouse space. Pro AV continues to grow their audio visual company throughout the region. Mulroy represented the landlord, Shaimus LLC, and originally directly procured the tenant. The 55,000 s/f building is now home to two local businesses and a church.
Also, Mulroy represented C.J. Field Inc. in the leasing of three units at 181 Stedman St., Lowell, MA. The units totaled 6,350 s/f and consisted of warehouse and office space. The tenants, Constitution Construction, Bobby Spindell Training, and Paresh Patel, were all directly procured by Mulroy. These three leases now bring the property to full capacity.
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,
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.
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.