News: Front Section
Posted: September 6, 2019
O’Brien and Fraser of O’Brien Comm’l. sell 14,000 s/f for $1.3m
Chelmsford, MA GXP Properties has sold 121 Brick Kiln Rd. to Atlantic Restoration for $1.3 million. 121 Brick Kiln Rd. is a 14,000 s/f office building located on four acres of industrial land off Rte. 3 and I-495. O’Brien Commercial Properties represented the buyer and seller in this transaction. Eric O’Brien and Sean Fraser of O’Brien Comm’l. were the brokers of record.
And in Acton, Highrock Covenant Church recently purchased two buildings on a four acre site. The buildings are at 255-257 Great Rd. Highrock will be opening their church campus at the site to soon serve the community. HighrockActon paid $1,412,500 for the real estate and $135,000 for the former Makaha Chinese Restaurant. In total they paid $1,547,500. O’Brien Commercial Properties handled the sale.
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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.
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.
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:
