News: Front Section

Reliant Medical Group to begin construction on 32,000 s/f medical facility at MarketPlace Shrewsbury

Shrewsbury, MA The redevelopment of Fairlawn Plaza is moving forward as Reliant Medical Group readies to raze the former Price Chopper Supermarket and construct a new 32,000 s/f medical facility. Reliant will join Hooters that recently opened in the project rebranded as MarketPlace Shrewsbury. 

Located on the north side of Rte. 9 at the signalized intersection of Maple Ave., the project spans 9 acres and provides access to Rte. 9 east and west and Maple Ave. and is close to I-190, 290 and 495 and state roads 20, 122, 70 and 140. 

Demolition of the former supermarket will begin this month followed by commencement of new construction in May. Completion of the new facility is scheduled for February, 2019 with an opening scheduled the following month. 

Reliant is a Worcester-based leading provider of high-quality healthcare with 25 locations throughout the state and is currently in the process of being acquired by Minnesota based Optum, which is a division of the $185 billion managed care conglomerate UnitedHealth Group. 

Jim Umphrey, of Kelleher and Sadowsky brokered the transaction. Boston based Leggat McCall Properties represented the tenant in negotiations with project developer Sam Adams.

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
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.
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.

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.
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: