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.
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,
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.
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.
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.
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: