 (2).jpg)
News: Front Section
Posted: November 29, 2019
Oliver Street Capital and AEW purchase 25 Industrial Way for $14.85 million
Wilmington, MA On behalf of the partnership between real estate investment management firms Oliver Street Capital and AEW Capital Management, JLL completed the purchase of 25 Industrial Way for $14.85 million. The property consists of 120,000 s/f warehouse/distribution center on 5.76 acres.
JLL managing director Christopher Decembrele represented the buyers, while the building sellers Crystal Motors represented themselves.
“Assets of this quality and location are scarce and we’re excited to add it to our portfolio” said Jon Hyde, managing principal at Oliver Street Capital.
“This property offers the perfect location for industrial users looking for convenient access to urban and suburban markets,” said Decembrele. “It’s a great addition to both Oliver Street and AEW’s industrial offerings and perfectly aligns with their investment needs.”
Tags:
Front Section
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,
Quick Hits
.png)
Columns and Thought Leadership
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.
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.
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.
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:
