News: Front Section
Posted: September 23, 2022
The Stubblebine Company assists Servistar Property Owner LLC in 33,356 s/f purchase
Westfield MA James and David Stubblebine of The Stubblebine Company represented the buyer, Servistar Property Owner LLC in the recent sale of 77 Servistar Industrial Way. Mitch and Ben Bolotin of Colebrook Realty Services, Inc. represented the seller, JMF Realty LLC. Mitch and Ben have been hired to market the property.
77 Servistar Way is a 33,356 s/f industrial building on 6.2 acres. The building was formerly used by Angy’s as a food processing plant and with it’s 23’ clear height and 1,200 amps of power, it is ideal for all industrial uses ranging from warehousing to other flex uses.
The property is situated in an established industrial park and has proximity to I-90, I-91, and Rte. 20.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
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Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
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>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
