O'Brien Comm'l. and Stubblebine handle Central Street's $3.225m sale
321 Central St., LLC has purchased 321 Central St., for $3.225 million or $71 per s/f. Â
The 46,000 s/f building located off I-495 was fully leased to two tenants.
The seller, Central Street, LLC, was represented by Eric O'Brien, president of O'Brien Commercial Props, Inc. and David Stubblebine and James Stubblebine of The Stubblebine Co. The buyer was represented by Jim Grady from NAI Hunneman. O'Brien Comm'l. will continue to manage the property.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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,
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in