News: Front Section
Posted: December 11, 2020
The Stubblebine Co. handles 98,782 s/f lease to Polar Beverages
Worcester, MA David and James Stubblebine, principals of The Stubblebine Company, and David Skinner, senior advisor, represented Millbrook Property Owner, LLC in the 98,782 s/f lease at 53 Millbrook St. They also directly procured the tenant, Polar Beverages.
Situated at the intersection of the I-190 and I-290 highways, 53 Millbrook St. is surrounded by numerous amenities. The property consists of 98,782 s/f building of renovated high bay distribution space on 4.72 acres with parking and ample loading capabilities along with an active rail spur.
While they have grown nationally, Polar Beverages remains a beloved New England staple. They are a family owned business since 1882 and to this day are still run by the Crowley family. Polar Beverages is the largest independent bottling company in the United States. They not only have their own Polar brands, but also have a strong brand partnership for bottling, private-label manufacturing, and distribution for regional and national brand partners.
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Columns and Thought Leadership
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.
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.
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:
