News: Front Section
Posted: February 26, 2021
The Stubblebine Company handles building sale and two leases in MA
Littleton, MA Micah Stubblebine and James Stubblebine, principals of The Stubblebine Company, negotiated the sale of a 12,800 s/f industrial building at 170 Ayer Rd. for $1.187 million. The Stubblebine Co. represented the seller, HCS Realty LLC, while Shirley Cunico of Doherty Properties represented the buyer, ACP Waterjet. ACP Waterjet provides nationwide water jet & Laser cutting services.
In addition, Micah Stubblebine and James Stubblebine negotiated the lease expansion and extension of 20,638 s/f of flex/industrial space at 225 Wildwood Ave. in Woburn, Mass. The Stubblebine Co. represented the landlord, American ULT Cryogenics, LLC, and directly procured the tenant, Primaira LLC.
Also, Micah Stubblebine negotiated the sublease of 10,166 s/f of office/flex space at 37 Manning Rd. in Billerica Mass. The Stubblebine Co. represented the subtenant, Superconducting Systems, Inc. (SSI), while Kurtis Gibbs and David Ross of Cresa Partners represented the sublandlord.
SSI has pioneered the development of cryogen-free superconducting magnets for the pre-clinical MRI applications, and for human MRI applications.
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Quick Hits
Columns and Thought Leadership
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:
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.
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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.
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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.