News: Front Section
Posted: December 30, 2016
What was your most notable project, deal, or transaction in 2016? - John Parsons of SVN|Parsons
John Parsons Jr.SVN | Parsons Commercial
Group | Boston
The sale of a 19.97 acre parcel on Rte. 140 in Franklin, Mass. to Wood Partners for $7.84 million for the construction of 280 apartments. This project was particularly rewarding because it truly illustrates SVN|PCG’s capabilities for creating value-add opportunities. The land was zoned industrial, and we suggested the highest and best use for the site would be multifamily. We helped the ownership assemble a team of skilled engineers, attorneys and an architectural firm to obtain a comprehensive permit to construct 280 units, and executed a controlled marketing process that yielded multiple qualified offers. Our client achieved a sale price that was a substantial multiple of what the property would have sold for as an industrial parcel.
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
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