News: Front Section
Posted: March 13, 2014
Peterson of Atlantic Commercial Real Estate, LLC brokers $1.9 million sale
Atlantic Commercial Real Estate, LLC has completed the $1.9 million sale of 465 Turnpike St. The landmark property is sited directly on Rte. 138, off the I-93/I-95 highway intersection (Rte. 128).
The 55,000 s/f single-story R&D/industrial building sits on 3 acres at the entrance to Canton Point, Pulte Corp.'s new luxury condominium development on Reservoir Pond. It had been the long-time home to the former Commercial Sheet Metal Corporation, a family-owned manufacturer of precision sheet metal products.
The seller, G&N Realty Trust was represented by Rick Peterson, executive vice president of Atlantic Commercial. The buyer, Cyrus Properties, LLC of Weymouth represented themselves in the sale. Cyrus Properties plans to convert the facility for multi-tenant use after extensive renovations and upgrading of the building's mechanical systems.
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,
.png)
Columns and Thought Leadership
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:
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.
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.
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.