O'Brien of O'Brien Commercial named broker for two props. - 130,000 s/f
O'Brien Commercial Properties was recently appointed two warehouse/manufacturing exclusive listings. Bret O'Brien is the lead broker for both projects, which total 130,000 s/f.
10 Liberty Way located in The Franklin Industrial Park is a 56,600 s/f freestanding building on five acres, currently occupied by Hilliard Precision Products. Hilliard Precision Products is vacating the property at the end of January and relocating to 125 Depot St. in Bellingham, an 87,200 s/f manufacturing building it purchased through O'Brien in October. 10 Liberty Way offers 21' clear height, four tailboard loading docks, one large drive in bay, one five ton bridge crane, and 7,000 s/f of existing office space. Franklin Industrial offers corporate neighbors, high image roadways and green spaces, as well as highway access via Rte. 495's exit 16.
10 Kenwood Circle is a 153,369 s/f distribution center with 72,191 s/f of available space. The building is approximately 50% occupied by Astro Automotive who recently purchased the property as a tenant from the previous owner RREEF Management. Astro chose to hire O'Brien Commercial Properties to lease the 72,191 s/f vacant space because of their proactive approach and overwhelming presence in the Rte. 495 marketplace. 10 Kenwood circle offers 24' clear height eight tailboard loading docks, one overhead drive in door and 3,000 s/f of existing office space. The availability is readily divisible to 31,000 and 41,000 s/f high bay contiguous spaces.
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,
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.
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.
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:
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.