 (2).jpg)
News: Front Section
Posted: January 31, 2020
Nohrden of Burgess Properties brokers $11.85 million sale of Malden office buildings
Malden, MA Burgess Properties Inc. has brokered the sale of 15-23 Pleasant St., 11 Dartmouth St., and 17 Dartmouth St. for a total of $11.85 million.
The three parcels, which sit in the city’s Opportunity Zone, comprise two fully-leased multi-tenanted office and retail buildings on a total of 34,696 s/f of land. The properties are located one block from the Orange Line T and Commuter Rail stop.
NY-based North River Malden II sold the property to Boston-based affiliates of Quaker Lane Capital.
Steve Nohrden of Burgess Properties, Inc. was the sole broker.
Tags:
Front Section
MORE FROM Front Section
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
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.
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:
