O'Brien Commercial Properties executes 5,696 s/f lease for GlycoSolutions
Bret O'Brien of O'Brien Commercial Properties recently leased 5,696 s/f of wet lab space at 33 Locke Dr. Bret O'Brien represented the tenant GlycoSolutions Corp., which is relocating from One Innovation Dr. in Worcester. O'Brien identified the space for Glyco Solutions because of the existing infrastructure of fume hoods, sinks, extensive benches and casework, and other specialty life science features.
The landlord, Janelon Trust, was represented by Bill Sullivan and Scott Wyant of R. W. Holmes.
In addition O'Brien recently sold a 9,000 s/f manufacturing building at 163 Woodland St. in Holliston. O'Brien represented the buyer.Peter Lewis purchased the building from Evelyn Shepard in order to relocate and expand his company Highland Laboratories, which was previously leasing space at 42 Pope Road in Holliston. Healard Machine occupied the building as a machine shop for forty years, and Highland Laboratories, which is also a job shop, can utilize much of the existing electrical infrastructure and other features. The purchase price for the property was $625,000, but partial funds have been held back until a portion of the land that is supposed to pass with the building, is approved by land court. O'Brien Commercial Properties was the sole broker of record in this transaction.
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.
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
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.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.