News: Front Section
Posted: March 31, 2023
SVN | Parsons Commercial Group | Boston completes $930,000 sale of 37.32-acre four parcel lot
Stow, MA SVN | Parsons Commercial Group | Boston has completed the sale of a 37.32-acre four parcel lot of raw land on Goshen Ln. for $930,000.
Senior advisor, Jake Parsons, of SVN | Parsons represented the seller, EFMC Associates, and procured the buyer, Habitech Acquisitions, in the transaction.
The new owner, Habitech Acquisitions, purchased the surrounding land and has plans to develop an active adult neighborhood consisting of 141 units called “The Cottages at Wandering Pond.”
According to the landscape designer, Thom Minder of Hawk Design, the property will have two neighborhoods - The Greens and The Garden - that will be connected by a wetland area. Plans also include a recreation area facing public-access walking trails, a clubhouse, small pool, activity lawn, and a pickleball court.
“The Cottages at Wandering Pond project is in its final stages of permitting,” said Parsons, “This was the perfect location to develop an active adult neighborhood community due to its proximity to I-495, and the need for additional senior housing in Stow. It was a pleasure working with both the seller and the buyer in this transaction.”
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,
Quick Hits
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.
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.
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: