News: Front Section

Winslow Property Management assists Summit Realty Partners and Katz Properties in acquiring 11,500 s/f strip center

According to Summit Realty Partners, Katz Properties has acquired 564-600 Broadway (U.S. Rte. 1). The 11,500 s/f retail strip center currently has long-term leases in place with Sleepy's and FedEx office as a result of Summit Realty Partners recently extending the Sleepy's lease for ten years. Winslow Property Management, an affiliate of Katz Properties and Summit Realty Partners, provided the due diligence on the acquisition. This highly visible strip center is located on the heavy trafficked U.S. Rte. 1 at the entrance to Home Depot. It is estimated that U.S. Rte. 1 sees traffic counts of 107,500 vehicles per day, providing significant exposure to a large group of potential customers. U.S. Rte. 1 is part of an established super regional retail corridor featuring the Square One Mall and home to national tenants including Super Wal-Mart, Target, Dick's Sporting Goods, Barnes & Nobles, and Best Buy. The property benefits from the new Super Wal-Mart just south of the site which sends customers north past the center upon their exit from the supercenter. Summit Realty Partners is a commercial real estate firm providing brokerage, consulting, development and property management services. Headquartered in Lexington, Massachusetts and operating throughout the United States, they specialize in commercial property with an emphasis on retail.
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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.
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It’s time to get creative with closed college campuses - by Christian Koulichkov

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
Investing in a falling rate environment - by Harrison Klein

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.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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

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.