Sherman of Angel Comm'l. leases 4,300 s/f to Crown Worldwide
Crown Relocations, a subsidiary of Crown Worldwide has leased 4,300 s/f of office space at 834 Federal Rd. Brett Sherman, CCIM of Angel Commercial represented the tenant and Goodfellow Ashmore represented the landlord.
Crown was located in Westport, for the past three years before the move. "We wanted to be closer to where our employees live," said Carmella Elletson, the regional director of Crown.
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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.
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.
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.