News: Front Section
Posted: October 27, 2023
R.W. Holmes and Donahue & Associates
arrange $5.6 million sale
Canton, MA R.W. Holmes negotiated the sale of an industrial building. Located at 1 Pequot Way, the 36,032 s/f building was sold to an owner-user, One Pequot Way, LLC, for $5.6 million, or $156 per s/f. The firm specializes in custom fabrications, exhibit and trade shows, experiential environments, and logistics.
Michael Fahy of R.W. Holmes represented the buyer in the transaction. Mark Donahue of Donahue & Associates represented the seller, Pequot Way, LLC.
Located on a 2.5-acre lot, the one-story industrial/warehouse building was built in 1978. The building has a 26 ft. clear height, three loading docks, and one drive-in door.
“This sale is a great example of the opportunities that owner-occupants have in the current market,” said Fahy. “We are excited to have helped Rise Projects locate this off-market opportunity and expect there to be a continued trend of owner-occupant sales for the foreseeable future.”
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
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.
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.
