News: Front Section
Posted: December 11, 2015
Riverside Properties, Inc. acquires 5-building Route 3 Industrial Park from Finnell Properties
Route 3 Industrial Park - Weymouth, MAWeymouth, MA An affiliate of Riverside Properties, Inc. of Wellesley acquired Route 3 Industrial Park from Finnell Properties. The park was developed by Finnell Properties in the 1970s and into the 1980s.
Riverside Properties, Inc. is now managing the property and marketing available space for lease.
Since acquisition, Riverside has signed new leases with both new tenants and existing tenants for more than 50,000 s/f of space.
Route 3 Industrial Park is a 5 building, 246,625 s/f industrial park. The well-manicured 20 acre park was developed from 1978-1986. It is professionally managed and is home to more than 40 businesses. There is a combination of office, warehouse, manufacturing and service-based businesses in the park. Unit sizes range from 2,500 -15,000 s/f.
Route 3 Industrial Park is conveniently located at 36-106 Finnell Dr., near the intersection of Rte. 3 and Rte. 18. It is approximately 12 miles south of downtown Boston and 4 miles south of the Rte. 128/I-93 split.
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)
Quick Hits
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.
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:
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.