News: Front Section
Posted: March 6, 2020
The Stubblebine Co. completes three deals - including $2.225m sale
Billerica MA The Stubblebine Company/CORFAC International has completed multiple deals that include the following:
• Micah Stubblebine, principal of The Stubblebine Co. represented the seller, AMA Realty Trust, in the sale of 12 Dunham Rd. for $2.225 million. David and James Stubblebine, also principals of the firm, represented the buyer, 12 Dunham Road LLC in the transaction. The buyer plans to fully upgrade the subject property. The Stubblebine Co. will serve as the leasing agent for the property.
• Zoll Medical has leased 65,000 s/f at 31 High St., owned by SRS Realty Trust. Ellen Garthoff, David and James Stubblebine from The Stubblebine Co. represented the Zoll Medical Group. The landlord was represented by David Corkery of CBRE. 31 High St. is located close to Rtes. 3 and 3A. The industrial warehouse features 12 loading docks on the 65,000 s/f building situated on 18 acres.
• The Stubblebine Co. also completed the lease of 98,250 s/f at 9-11 Mear Rd. in Holbrook to Northern Container Corp. Rob Burns with Cushman & Wakefield represented the tenant. Chris Michniewicz, David and James Stubblebine of the Stubblebine Co. represented the landlord. In a separate transaction, The Stubblebine Co. represented the former and current owners and sold the asset for $5.05 million.
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
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
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.
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.