Rudolph of Conway Commercial brokers 1,750 s/f lease for The Einstein Company
The Einstein Company, a property management firm with headquarters in Fitchburg, has leased space in the Bridgewater Industrial Park. The deal was brokered by Tom Rudolph of Conway Commercial.
The park is on East St., off Rte. 104 and near an exit to Rte. 495. The space is 1,750 s/f, and includes some outside storage. One of Einstein's larger accounts is Sovereign Bank.
The lease was arranged for the owner Marotta Corp. of Bridgewater by Conway's Rudolph and Adrienne Kravitz of Capital Realty Partners.
"It's the perfect location for us to expand our South Shore and Cape Cod operations," said Dick Rogers, the operations manager for Einstein Co.
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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.
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.
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.
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: