News: Front Section
Posted: October 21, 2010
Nedde, Williams and Malone of Redstone buy facility for $526,500
Redstone co-owners Doug Nedde and Larry Williams, and another partner, Patrick Malone, purchased the former Saputo Cheese site. The 88,000 s/f facility is situated on 15.4 acres off Rte. 116. It currently consists of 77,650 s/f production/warehouse space including up to 13,000 s/f refrigerated cooler space, 6,400 s/f office space, and 4,315 s/f storage.
The project partners plan to present a master plan for the property to the Planning Commission this fall. Among the discussed uses are housing, a restaurant/brew pub and a food-related business.
Yves Bradley of Pomerleau Real Estate represented the seller, Saputo Cheese USA, Inc. Originally listed by Pomerleau Real Estate for $1.4 million, its price gradually dropped, and Redstone purchased it for $526,500.
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.
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.
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: