News: Front Section

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.
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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.
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Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
Investing in a falling rate environment - by Harrison Klein

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.