News: Front Section
Posted: May 20, 2016
Paul E. Saperstein Co. to auction a major redevelopment site May 25
Possible rendering of 5 Washington Street - Brookline, MABrookline, MA The Paul E. Saperstein Co., Inc. is conducting an auction of a major redevelopment site at 3-5 Washington St. and 165 Corey Rd. on May 25, at 11:00 a.m. The property is on the Brighton/Brookline line. The project site is a 44,509 s/f parcel currently occupied by office building, gas station and 60 surface parking spaces (including Zipcar and Enterprise Car Share). The property is made up of 5 total parcels. Development options include multi-unit apartment building, condos & retail. Project already under Boston Redevelopment Authority (BRA) review for 6 stories and retail. Interested pharmacy looking for 12,000 s/f space. Excellent opportunity for development in desirable neighborhood and located directly across from Whole Foods Market. The property is in a transit oriented location in the middle of the B and C lines, with land in both Brighton & Brookline. Please contact Samantha Saperstein at ssaperstein@pesco.com for further details or visit www.pesco.com for information package
Terms of Sale: Terms: A deposit of $500,000 by certified or bank check required at the time and place of sale, ans increase of deposit to 10% of total purchase price within two calendar days of sale and balance within 45 days. 1% Buyer’s Premium. Property sold AS IS and with no contingencies. Neither auctioneer nor seller nor attorney make any representations as to the accuracy of the information contained herein. All other terms announced at sale.
The Paul E. Saperstein Co., Inc. is a full service auction and appraisal firm that has been providing one stop services since 1963. They are committed to delivering the highest quality real estate auctions, personal property auctions and appraisal services to banks, mortgage companies, attorneys, corporations, condominium associations, insurance carriers, trusts, courts, local city and town governments, state and federal agencies and individuals.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
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.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov
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
Investing in a falling rate environment - by Harrison Klein
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.
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,
