News: Front Section
Posted: July 8, 2022
NAI Glickman Kovago & Jacobs brokers $1.275m sale of former Bank of America building
Milford, MA NAI Glickman Kovago & Jacobs has facilitated the sale of 82 Prospect St. The former Bank of America building, which includes a two-lane drive-thru, is 2,400 s/f and located on 0.5 acre. Tim Whittredge, of NAI Glickman Kovago & Jacobs assisted both the seller, M.E.H Realty Trust and buyer, Central One Federal Credit Union, in the transaction. The property was purchased for $1.275 million. Central One plans to open a new branch in the location. Renovation is scheduled to begin within the next few months with plans to open the new branch in early 2023.
Central One is a not-for-profit institution with branches in Auburn, Northboro, Shrewsbury, Westboro and Worcester.
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,
Quick Hits
Columns and Thought Leadership
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:
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.
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.
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.