News: Front Section
Posted: May 12, 2011
Mulroy of O'Brien Commercial Properties reps Creative Materials in the purchase of 12 Willow Road
Paul Mulroy of O'Brien Commercial Properties recently represented Creative Materials Inc. in the purchase of 12 Willow Rd.
Creative Materials Inc. develops and markets specialty adhesives, coatings and inks. They will be expanding into their new location from Tyngsboro.
"This location is an upgrade from their current space and will allow them to expand their business significantly with the extra space, not to mention the building is located on a beautifully private 8 acre site," said Mulroy. "This is an excellent time to purchase property if you are a user because of low per square prices and great interest rates, which Creative Materials took full advantage of."
Mulroy recommended that they speak to Mass development which helped finance part of this transaction. Creative Materials will use the next few months to make any changes they have planned for the building before moving into the space in July.
Alan Ringuette of The Stubblebine Company represented the seller, Daniels Island LLC.
Tags:
Front Section
MORE FROM Front Section
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,
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore
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.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
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.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
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.