News: Front Section

O’Hara of Coldwell Banker Commercial brokers $2.25 million sale

19 Forest Parkway - Shelton, CT 19 Forest Parkway - Shelton, CT

Shelton, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial, completed the $2.25 million sale of 19 Forest Pkwy. O’Hara representing the buyer, Preferred Tool and Die. The buyer will use the property to expand its manufacturing operation as part of its continued growth in the area. The 25,000 s/f class A building is located in a campus setting. Preferred Tool and Die will use part of the property and the remaining space Coldwell Banker Commercial is marketing for lease.

Chris O'Hara, Coldwell Banker Commercial Chris O'Hara, Coldwell Banker Commercial

Preferred Tool and Die was founded over 40 years ago with the belief that a customer’s needs are the most important part of the manufacturing process. Preferred Tool and Die has grown from a small company providing progressive tooling into one of America’s leading providers of in-house tooling design, production sampling, and precision machining services.

The seller, Alpha Disability, a national veteran disability advocacy group, will be relocating its offices locally to better service its customers.

Coldwell Banker Commercial is a worldwide leader in the commercial real estate industry. Coldwell Banker Commercial is part of the oldest and most respected national real estate brands in the country, which was founded after the San Francisco earthquake of 1906 by Colbert Coldwell, who was later joined by Benjamin Banker. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises over 200 companies and more than 3,000 professionals throughout the U.S., as well as internationally. The organization’s worldwide headquarters is in Parsippany, NJ.

  

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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

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.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.