Vesper Realty represents Charlestown Maritime Center in 46,000 s/f lease
In one of Boston's largest industrial leases, Vesper Realty Advisors has leased over 46,000 s/f of industrial warehouse space and 58,000 s/f of land to Save That Stuff, Inc. at the Charlestown Maritime Center. Philip Moses, Benjamin Sutton and Brett Wagner of Vesper Realty Advisors represented the Charlestown Maritime Center's 221,000 s/f property at 200 Terminal St.
Save That Stuff, represented by Bob Newis of Newis Real Estate, moved from 100 Terminal St. to establish its new headquarters and base of operations.
The Charlestown Maritime Center, an affiliate of The Suffolk Co., is one of the city's largest remaining, privately held, harbor front parcels.
Save That Stuff, Inc., founded in 1990, has been continuously growing into one of the leading recycling companies in Greater Boston. Clients include Reebok, Beth Israel Deaconess Hospital, and Harvard University. The operation at the Charlestown site is efficiently operated, with shipments received by truck, then sent out by ship over seas.
The 200 Terminal St. facility's 221,000 s/f is situated on over 9 acres of land with access to the highways and has high visibility. Located less than 400 yards from the Charlestown Navy Yard, CMC's Deep-water port abuts the Mystic Tobin Bridge, and over 70 acres of Massport land. Modern, fully operating deep water berth with five, 80' Silos and loaders and over 600 linear feet of Boston harbor front. 3 Interstate ramps and Downtown Boston are less than 1.2 miles away.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
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.
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.
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.
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: