News: Front Section

The Stubblebine Company completes industrial parcel sale - $420,000

Leominster, MA The Stubblebine Company has completed the sale of a 1.9-acre industrial parcel located on Willard St. in Jytek Park. This positioned property was sold to a local developer for $420,000.

This transaction highlights the demand for industrial land in the region, reflecting the area’s growth and the confidence of investors in the future. The sold parcel is positioned to benefit from the area’s infrastructure and accessibility, making it an ideal location for future industrial developments. 

“We are delighted to have facilitated this sale to a local developer who recognizes the potential of this prime industrial land,” said Justin Hopkins, a senior advisor at The Stubblebine Company. “This sale underscores the strength of the Leominster market and the strategic value of properties within Jytek Park.”

The sold parcel is positioned to benefit from the area’s infrastructure and accessibility, making it an ideal location for future industrial developments. The transaction not only signifies a successful investment but also promises to contribute positively to the local economy by paving the way for new industrial projects and job creation.

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Investing in a falling rate environment - by Harrison Klein

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

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

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
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

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.