News: Front Section
Posted: August 23, 2024
The Stubblebine Company brokers $6.9 million industrial building sale to Milton CAT
Woburn, MA The Stubblebine Company/CORFAC International sold 210 New Boston St., a 24,000 s/f single-story industrial building on 2.1 parcel acres for $6.9 million. James Stubblebine and David Stubblebine, principals, and Aaron Smith, advisor, of The Stubblebine Company represented the seller and directly procured the buyer, Milton CAT.
210 New Boston St. is an exceptionally well-located flex/industrial building located 0.1 mi from the nearest train station and 15.9 mi from the Boston Logan Airport.
Milton CAT is a Caterpillar Dealer for the Northeast region of the United States. Their territory includes Mass., R.I., Maine, N.H., Vermont, and upstate New York. Milton Rents will open another full-service equipment rental location serving the north shore.
Reflecting on the sale, James Stubblebine said, “It was a pleasure working with Brad Farrin and the entire Milton Rent construction and real estate team. They were responsive, honest and professional. This sale price is testament to the strength of the Woburn, Mass. industrial real estate market.”
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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.
Quick Hits
Columns and Thought Leadership
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,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
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.
Investing in a falling rate environment - by Harrison Klein
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.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>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.