 (2).jpg)
News: Front Section
Posted: August 4, 2017
SVN | Parsons Commercial Group’s Santiago handles 3,000 s/f lease
Parsons Commercial Group
Hopedale, MA SVN | Parsons Commercial Group | Boston completed a 3,000 s/f ease at 5 Condon Way, an industrial warehouse facility. Commercial Real estate advisor Marilyn Santiago, represented the tenant, Precision Stability Storage (PSS).
PSS, headquartered in North Carolina, is expanding its geographic presence with the opening of a new facility in Mass. Located west of Boston, the facility is placed to serve the entire Northeast
PSS provides off-site stability storage for products that require International Council for Harmonisation (ICH) - specified environmental conditions. PSS is a storage only facility utilized by both the product manufacturer and companies that are contracted to provide testing for the product.
“It was a team effort between all parties involved. We had very specific requirements due to the nature of the business. The landlord/owner, Fran Marcoux, was extremely diligent and collaborative in the design of the build out, which proved to be essential to us,” said Jeff Plugis, of PSS.
“5 Condon Way is a hidden gem. You get a quality product, new construction, hands-on ownership, 3 miles to Rte. 495 and equidistant to I-90 or 95,” said Santiago.
5 Condon Way is a 12,000 s/f facility. The spaces are built to suit and can be office, industrial or flex, depending on the tenants’ needs. “The customization of the space was a deciding factor in choosing this location,” said Santiago.
SVN | Parsons Commercial Group |Boston is a commercial real estate firm based in Framingham, Massachusetts. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.
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
.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.
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.
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.
