News: Front Section
Posted: February 4, 2022
The Conrad Group sells 37,780 s/f manufacturing property on behalf of Anderson Four Realty Trust
Rockland, MA The Conrad Group has completed the sale of 30 Airport Park Dr. for $2.4 million.
Originally constructed in the 1960s and expanded in the 70s and 80s, the 37,780 s/f manufacturing facility sits on 2.218 acres and is equipped with heavy power, five cranes and seven drive-in doors.
The building has been the home of Southeastern Metal Fabricators since it was constructed.
The buyer, an affiliate of Dynavac Corp. of Hingham, plans several updates and improvements to the property and will be able to significantly expand its manufacturing base on the south shore.
The Conrad Group team of James McEvoy, senior vice president, and Robert Conrad, president, exclusively represented the seller and introduced the buyer.
Tags:
Front Section
MORE FROM Front Section
Front Section
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
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.
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.
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.
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