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New England Real Estate Journal
April 29-May 5, 2016
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Volume 55 ■ Issue 18
Project of the Month NE / PAGES 8-9A
SPOTLIGHT 2016 SPRING/SUMMER
New England Commercial Real Estate Semi-Annual Guide
SPECIAL INSERT
This Week’s Sections
Jumbo Capital and Dacon complete 48,000 s/f build out for Fishman Transducers at 3 Riverside Dr. Pergola and Doherty of CBRE/NE represent Broder in $33m sale NE / PAGE 6A
ROP, Billboard
Cover Story
Rich, Matt and Kurt Cawley of United Multi Family brokered $6m sale of a four building portfolio NE / LOWER COVER A
TIAA purchases 7-property Fort Point portfolio for $224 million
Columnist
Carol Todreas Retail NE / PAGE 4A
Trending Articles Thibeault Development completes $50m sale of suburban Boston multifamily development site cre.nerej.com/18066 Lendlease serves as construction manager for 392-unit ZINC apartment project cre.nerej.com/17849 Tsoi/Kobus & Assoc. provides design for 26,500 s/f Moakley Cancer Center a Boston Medical Center cre.nerej.com/17904
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Saber Dobbs Ferry secures $42 million construction loan from M&T Bank
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Volume 54 ■ Issue 33
August 14 - 20, 2015
Volume 27 ■ Issue 19
182,000 S/F BUILDING PURCHASED BY A KING STREET PROPERTIES/CARLYLE GROUP First Boston Associates and Conquest Capital Partners combined to be the financiers on the $6.25 million deal. SEE PAGE 6A
Ranieri & Riekstins of NorthMarq arrange $2.55 million in financing
Transwestern | RBJ handles $104.2m sale for Intercontinental R.E. Corp. Transwestern | RBJ has represented Intercontinental Real Estate Corp. in the sale of 830
WALTHAM, MA
Chris Skeffington Including $1.5 million for Lakeshore Apartments, two multifamily properties with a combined 146 units. SEE LOWER COVER OF SECTION B
Durkee, Brown, Viveiros & Werenfels Architects break ground on 25,295 s/f facility
SEE LOWER COVER OF SECTION C
4 Sections 80 Pages Editorial Page.............................. 4A J. Zynda ........................................ 4A Referral Network...................... 11A SIOR News................................. 13A Financial Digest...................SEC. B Appraisal & Consulting ........7-14B Rhode Island......................... SEC. C Billboard................................SEC. D facebook.com/nerejournal twitter.com/nerej youtube.com/NEREJOURNAL nerej.com printed on recycled paper
Steve Purpura
John Lashar Winter St. The 182,000 s/f laboratory and office building was purchased by a King Street Properties/ Carlyle Group joint venture for $104.2 million,
or $572 per s/f. Chris Skeffington, John Lashar, Roy Sandeman, Jon Varholak and Steve Purpura of Transwestern | RBJ represented the seller and sourced the buyer. Transwestern | RBJ has been retained by the new ownership to provide leasing services for the building, which is currently fully occupied. “Greater Boston’s life sciences industry shows no sign of slowing down, making this a tremendous opportunity for our client to achieve maximumreturnoninvestment,”said Skeffington. “We are very excited to work with the new ownership of one of the most prominent laboratory properties in the Boston suburbs. Intercontinental embarked on a significantcapitalimprovementprogram after acquiring the building, making it a viable competitor to the crowded Cambridge submarket.” Built in 2000, the class A institutional quality laboratory building is located off I-95/Rte. 128 and five miles from the Mass. Tpke. Intercontinental purchased the buildingin2005asapartialsale-leaseback to Praecis Pharmaceuticals.The building’s systems are designed and sized to accommodate both chemical andbiologicallaboratoriesandfeature state-of-the-art laboratory, mechanical,electricalandplumbing,including a PH neutralization facility, lab com-
pressed air, CO2, nitrogen and RODI water. On-site amenities include a full-service cafeteria, outside seating,
Roy Sandeman
Cohen of Ashlind Props. brokers 65,000 s/f lease and two sales - $6.71m
Jon Varholak
conference facilities and structured parking,withnumeroushotels,restaurants and retail destinations nearby. With the property 35% occupied at the time of purchase, Intercontinental leased the remaining space within 18 months, and has kept it fully leased since. Building tenants include HistogenicsCorp.,GlaxoSmithKlineand ImmunoGen Inc.
830 Winter Street - Waltham, MA
Founder’s Message Go Yankee’s. I mean go Red Sox. I mean??? I was born in New England, grew up in New England, and have always been a Red Sox fanatic. Babe Ruth began his career with the Red Sox and led them to two World Series. He then was traded to the Yankees and led them to many, many World Series. Twenty years ago I attended a baseball dinner honoring several retired players and found myself sitting beside Babe Ruth’s daughter. Two weeks ago she threw out the first ball at Fenway Park honoring the park’s 100th anniversary. She’s 90. What does all this have to do with commercial real estate? Nothing, but once a year I like to write about the two teams that have been arch rivals since Ruth was traded to the Yankees in Roland Hopkins 1919. In 1991, I was fortunate to attend the weekend Hall of Fame ceremonies at Cooperstown. Ted Williams and Joe DiMaggio were traveling around being honored for the 50th anniversary of Ted’s batting 401 - and Joe hitting in 56 straight games. When they entered a room filled with reporters I handed my wife a camera and said, “Get ready to take a picture.” I stepped in front of him and said, “You and I have a friend in common, Sam Tamposi.” Sam was New Hampshire’s number one real estate developer, owned a small piece of the Red Sox, was one of Ted’s best friends and one of my best clients. He was also one of the nicest men I had ever met. Ted stopped, smiled, and put his arm around me. My wife took the picture that is now framed on my living room wall and used as my Facebook photo. Joe followed and I took from my wife the camera and quickly tried to figure out something I could say to get his attention. So I said, “Hello Mr. DiMaggio - congratulations on hitting in 56 straight games, and I understand that you like blondes.” For those of you who don’t recall, he had married Marilyn Monroe. He stopped, smiled, looked down at the top of my blonde wife’s head (she was 4 ft. 11, very pretty, and a former famous race track jockey). He surprised me and put his arm around her as I took that picture that now hangs in my living room next to Ted. I think the Red Sox and Yankees have been the greatest sports rivalry since Babe Ruth who was the greatest Red Sox player (Ted second) and Joe the second greatest Yankee player. Under the Tom Yawkey ownership the Sox reached the World Series twice but came away ringless. I can’t count how many rings the Yankees won in that time period thanks to people like George Steinbrenner, Mickey Mantle, DiMaggio, Yogi Berra, Whitey Ford, Jeter, Clemons and Alex Rodriguez. Too many more stars to mention here. So in 2003 the Red Sox finally broke the Curse of the Bambino (that’s Babe Ruth’s curse) beating theYankees in a playoff and then going on to win two more World Series since. Is it a new dynasty? Maybe not. The Sox finished CONTINUED ON PAGE 6A
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October 13 - 26, 2015
MULTIFAMILY DEV. OF 38 WEST 33RD ST. ON BEHALF OF THE TORKIAN GROUP
The financing team for the $130 million mixed-use Rivertowns Sq. consisted of Michael Weinstock, Mark Walz and Ryan McAuliffe. SEE ODM/DB LOWER COVER B
Cohen represented Elm Frieght Handlers in the 65,000 s/f lease at 2002 Orville Dr. He represented the buyer in the sale of 85 Engineer Rd., and both parties in the sale of 180 Adams Ave. SEE LONG ISLAND LOWER COVER C
Levine and Sklavenitis of Meridian finance $105m construction loan Meridian Capital Group, one of America’s most active debt brokers, negotiated a $105
stories and 220,000 s/f. “Meridian is very pleased to have advised theTorkian Group, a leading value-added commercial property investor,onthisimportantfinancing,” said Levine. “By leveraging our
NEW YORK, NY
Ronnie Levine
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strong lending relationships, Meridian was able to secure construction financingfromabalancesheetlender, facilitatingthedevelopmentofaclass A residential rental asset in the heart of Manhattan,” he added.
Westbridge secures four sales totaling $16.05m; Includes $9.6m sale by Traub
Aggelos Sklavenitis
million construction loan for the development of a multifamily property located on West 33rd St. on behalf of The Torkian Group. The three-year loan, provided by BankLeumi,featuresaLIBOR-based floating-rate, interest-only payments for the full term and no prepayment penalty. This transaction was negotiated by senior managing director, Ronnie Levine, and vice president, Aggelos Sklavenitis, who are both based in the company’s New York
City headquarters. The multifamily project is located at 38 West 33rd St. and will total 42
Hess, Shalumov, Setton and Galperin of TerraCRG complete $11.7 million sale TerraCRG, one of Brooklyn’s leading commercial real estate brokerage and advisory
BROOKLYN, NY
4 Sections 116 Pages R. Cohen........................................ 2A Executive of the Month............ 13A ODM/DB.................................SEC. B Executive of the Month.............. 5B Long Island............................ SEC. C Question of the Month ............. 15C Upstate...................................SEC. D BuildingEnergy N.Y.C........ INSERT
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Inside Cover A August 14 - 20, 2015
New York Real Estate Journal
Quick Read
Quick Read Diamond Builders and Gadles Dev. begin construction of 12 home site
MANHATTAN, NY Westbridge Realty Group, the full-service investment sales firm founded by Steven Westreich and Adam Traub ar ranged the following sales totaling $16.05 million: • The $9.6 million sale of Steven 1462 2nd Ave., Westreich Manhattan.This isamixed-use8,620s/fbuildingwith eight apartments and the popular Meatball Shop. The 1910 building has 12,000 s/f of air rights that could potentially be sold in a future assemblage. Traub represented the buyer, a local investor who saw upside in the fact that the 1910 building has 12,000 s/f of air rights that could potentially be sold in a
future assemblage. • The $2.9 million sale of 920 Madison St. in Bedford Stuyvesant, Brooklyn. This is a 13-unit, 10,400 s/f building sold with five of the 13 units delivered vacant. Westreich represented the buyer, Judah Klausner, who recently sold properties at 110 and 106 Ridge St. in Manhattan for $50 million to Star Basketball Player David Robinson’s Admiral Capital Group. • The $2.4 million sale of 1004 Hegeman Ave. in East New York. This is a 19-unit 23,280 s/f building that sold for 9.23 times the rent roll. Westreich represented the seller. • The $1.15 million sale of 145 Somers St. in Ocean Hill, Bedford Stuyvesant. This is a six-unit 5,518 s/f building. Westreich represented the buyer, a local investor andTraub representedtheseller,VictorBenatar.
DesRochers of NorthMarq refinances $12.9 million
Adam Hess
Sam Shalumov
firms, arranged the sale of 181-182 Prospect Park West in the Park Slope neighborhoodoftheborough.Adam Hess and his team, Sam Shalumov, Eddie Setton and Kirill Galperin, handledthetransaction.Theproperty sold for $11.7 million. The attached buildings are located across from Prospect Park and consist of 34 units, over 15,000 s/f. The $11.7 million purchase price equated to $780 per s/f, a 4.1% cap-rate, 18x gross rent multiplier and $344,000/
unit. This sale represents an unusual transfer of a significant number of residential units sitting directly on Prospect Park. The purchaser is an investor with severalotherassetsacrossManhattan and Brooklyn that is making a strong push into the Park Slope neighborhood. The seller is a long time Park Slope ownership group that is using the funds as part of a 1031 exchange.
DIX HILLS, NY Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York metro office and Charles Cotsalas, senior vice president/ senior director of NorthMarq Capital’s Long Island office collaboErnest rated to arrange DesRochers financing for a four retail-property portfolio in Suffolk County, Long Island and a retail plaza in Dix Hills, NewYork totaling a combined $12.9 million. The 51,820 s/f Dix Hills Plaza is
located at 1815-1819 East Jericho Turnpike in Dix Hills and was refinanced for $8.5 million.The transactionwasstructuredwitha9-yearterm and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a local bank. A four property portfolio of retail properties,locatedinSuffolkCounty, Long Island was refinanced at $4.4 million.Thebuildingscontainacombined 131,005 s/f. The transaction wasstructuredwithafullyamortizing 18-year term. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
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New England Real Estate Journal
April 29-May 5, 2016
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P O R T F O L I O Irreplaceable Density in Beacon Hill 27–29 HANCOCK STREET · BOSTON, MASSACHUSET TS
40 Residential Units
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New England Real Estate Journal
Quick Read Cronin of Colliers Int’l. brokers sale of 39-acre former 4H property
Volume 55 ■ Issue 18
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April 29 - May 5, 2016
BENEDICT AND SAYLES OF HFF REPS SELLER, AN ACCOUNT ADVISED BY CLARION PTRS.
Sold by Cloverland Properties to The Green Companies. Public records indicate that the property sold for $3.15 million. SEE PAGE 10A
Aho of O’Brien Commercial Properties handles $830,000 sale
Joel Aho represented Security Property Management LLC in the sale of the property at 59 Apsley St. to Rykbost LLP. SEE PAGE 11A
New England Commercial Real Estate Guide 2016 SPRING/SUMMER
New England Commercial Real Estate Semi-Annual Guide
TIAA purchases 7-property Fort Point portfolio for $224 million
Holliday Fenoglio Fowler, L.P. (HFF) has closed the $224 million sale of a seven-property portfolio totaling 408,342 s/f in the Fort Point Channel neighborhood in the city’s Seaport District. HFF exclusively represented the seller, a separate account advised by Clarion Partners, and procured the buyer, an affiliate of TIAA in this landmark transaction. The 97% leased portfolio is comprised of 263 Summer St.; 332 and 374 Congress St.; and 33-41, 34, 38 and 44 Farnsworth St., which are located across the Fort Point Channel from the city’s Financial District. Originally built in the early 1900s, the properties today feature high-quality office space characterized by exposed ceilings, natural lighting and modern efficient workspaces. The HFF investment sales team was led by senior managing director Coleman Benedict and director Ben Sayles. “This portfolio likely represents BOSTON, MA
one of the last large-scale investment opportunities in the Fort Point Channel neighborhood with the bulk of the inventory controlled by a select number of long-term holders,” said Benedict. “Quite possibly the hottest submarket in the country; the Fort Point continues to draw a significant tenant base driven by its unique brick & timber office supply, the influx of thousands of residential units, as well as dozens of new popular restaurants and retailers.” “TIAA is one of the largest stakeholders in the city of Boston with both large debt and equity holdings. We strongly believe in the city, its continued strength and the long-term viability of real estate investments here, which we are actively continuing to seek across asset and risk classes. This portfolio allows us to diversify our current holdings and provides for creative value enhancement moving forward,” said Sam Flood, head of northeast real estate acquisitions, TIAA Global Asset Management.
263 Summer Street - Boston, MA
Rich, Matt and Kurt Cawley of United Multi Family brokered $6 million sale of a four building portfolio
O’Brien of Greater Boston Commercial Properties handles $1.685m bldg. sale Bret O’Brien, president of Greater Boston Commercial Properties (GBCP) represented Orchard Hill Office Park, LLC in the investment sale of a 20,100 s/f office building at 354 Turnpike Rd. to Kolbe Westoriens, LLC. The sale price of 54 Turnpike Road - Canton, MA $1.685 million, or $84 costs will add to per s/f, represented a capitalization the total acquisirate of 8.6% on the current income tion cost in the for the property which is fully leased. estimated range The real return however is subof $300,000 and stantially less due to the fact that reduce the efthe property will require significant fective capitalexpenditures after a recent prolonged ization rate to period of deferred maintenance. Bret O’Brien something closer Capital projects include the fire escape, roof, parking lot, HVAC, to 7.3%. GBCP also procured the buyer windows and block work on the exterior of the building. Construction and was the sole broker of record. CANTON, MA
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2 Sections 112 Pages Editorial Page............................... 4A C. Todreas...................................... 4A Project of the Month................8-9A Referral Network....................... 11A Thru the Years............................ 15A Thru the Lens.............................. 16A Billboard................................SEC. B NE Comm’l. R.E. Guide....... INSERT
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217 Wethersfield Avenue - Hartford, CT
Rich Cawley
Matt Cawley
Rich, Matt and Kurt Cawley of United Multi Family brokered the $6 million sale of a four building portfolio totaling 135 units. The properties consisted of: • 36 units at 149 Wethersfield Ave. (16-two bedrooms, 20-one bedrooms); HARTFORD, CT
• 36 units at 183 Wethersf ield Ave. (1 three-bedroom, 10 two-bedroom and 25 efficiency units); • 30 units at 217 Kurt Cawley WethersfieldAve. (3 two-bedroom and 27 one-bedrooms); and • 30 units at 97-103 Wyllys St. (2 three-bedroom, 13 two-bedroom, 10 one-bedroom and 8 efficiencies). The CAP rate at the time of sale was 11.82% with the property having a gross annual income of $1,376,112.
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one integrated design - one beautiful result INNOVATIVE PROJECTS INNOVATIVE INNOVATIVEPROJECTS PROJECTS
Coddington Building Rowes Wharf Coddington Coddington Building Building Rowes RowesWharf Wharf The innovative, historic restorainnovative, The innovative, historic historic restorarestoration ofThe Coddington Building tion oftion Coddington of Coddington Building Building (formerly (formerly Coddington Hall)Hall) is the (formerly Coddington Coddington isHall) the is the new new of theof of City the ofCity Quincy of Quincy new home ofhome thehome City Quincy School Department. Department. SchoolSchool Department.
Wessling Wessling Architects Architects partnered partnered Wessling Architects partnered with Nauset with Nauset Construction Construction for thisfor this $10.5 $10.5 millionmillion project project winning winning the the with Nauset Construction for this prestigious prestigious Paul winning E. Paul Tsongas E. Tsongas Award Award $10.5 million project the in 2015 in for 2015 thefor historic the historic restoration restoration prestigious Paul E.ofTsongas Award Coddington of Coddington Building. Building.
in 2015 for the historic restoration of Coddington Building.
Rowes Wharf is a modern de-
RowesRowes WharfWharf is a modern is a modern de- development; best known for the velopment; velopment; best known best known for thefor the Boston Harbor Hotel’s multi-story Boston Boston Harbor Harbor Hotel’s Hotel’s multi-story multi-story arch over arch the over plaza. theplaza. plaza. arch over the Wessling Wessling Architects Architects has perhas perWessling Architects has performed formed building building envelope envelope evalu-evaluformed building envelope evaluations, ations, design design and construction and construction phase phase services services for the for facade the facade ations, design and construction restoration restoration and roof andfor replaceroofthe replacephase services facade ment ment projects projects since since 2009 and 2009are and are restoration and roof replacescheduled scheduled to begin to begin PhasePhase 1 of 1 of ment since 2009 and are the plaza’s theprojects plaza’s restoration restoration in 2016. in 2016.
scheduled to begin Phase 1 of the plaza’s restoration in 2016.
Winchester WinchesterLofts Lofts St.St.Agatha’s Agatha’sChurch Church
Winchester Lofts St. Agatha’s Church Wessling Wessling Architects Architects managed managed the the evaluation evaluation and exterior and exterior restorarestoration oftion over of 250,000 over 250,000 s.f. of s.f. historic, of historic, industrial industrial buildings buildings once once part of part of the Winchester the managed Winchester Firearms Firearms Com-ComArchitects the pany pany in New in Haven, New Haven, CT. CT.
Wessling evaluation and exterior restoration of over 250,000 s.f. of historic, Winchester Winchester Lofts boasts Lofts boasts an an industrial, industrial, modern modern design design industrial buildings once part ofwith with exposed exposed brick interior brick interior walls and walls and the Winchester Firearms Comhardwood hardwood floors.floors. pany in New Haven, CT. Winchester Lofts boasts an industrial, modern design with exposed brick interior walls and hardwood floors.
Commissioned Commissioned by St. by Agatha’s St. Agatha’s Parish,Parish, Wessling Wessling Architects Architects pro- providedvided renovation renovation and restoration and restoration services services for thefor upper the upper and lower and lower church, church, existing existing altarby to altar provide provide Commissioned St.toAgatha’s handicap handicap accessibility. accessibility.
Parish, Wessling Architects pro-
vided renovation and restoration Due to Due the to great the great successes, successes, Wessling Wessling Architects returned to services forArchitects thereturned upper and to lower provide provide restorations restorations toaltar theto extetheprovide extechurch, existing to rior facades rior facades in an effort in an effort to mainto mainhandicap accessibility. tain the tain building’s the building’s iconiciconic integrity integrity withinwithin its community. its community. Due to the great successes, Wessling Architects returned to provide restorations to the exterior facades in an effort to maintain the building’s iconic integrity Inwithin FallIn ofFall 2014, 2014, Boston Boston Scientific’s Scientific’s itsof community.
T.D. T.D.Garden Garden Boston BostonScientific Scientific T.D. Garden T.D. Garden is a well-known is a well-known landmark landmark of Boston, of Boston, MA; proud MA; proud homehome of theof Boston the Boston BruinsBruins and Boston and Boston Celtics. Celtics. T.D. Garden T.D. Garden has undergone has undergone a series a series of of restorative restorative projects projects including including facade facade restoration restoration and and roof replacement. roof replacement.
Marlborough Marlborough Campus Campus underwent underwent a unique a unique multi-building multi-building facade facade renovation renovation project project to transform to transform the campus. the campus.
T.D. Garden Boston Scientific Wessling Wessling Architects contribution contribution T.D. Garden is a Architects well-known to thisto project this project earned earned won won landmark of proud firstBoston, place first place asMA; theas Sika theSarnafil Sika Sarnafil home of the Boston Bruins Project Project of theof Year the in Year 2011. in 2011. and Boston Celtics. T.D. Garden has undergone a series of restorative projects including facade restoration and roof replacement.
Wessling Architects contribution to this project earned won first place as the Sika Sarnafil Project of the Year in 2011.
The result The result was awas highaquality high quality proj- project, which ect, which achieved achieved the goal the of goal of a unified a unified corporate corporate campus campus pro- projecting jecting an an image ofBoston equality of equality and and In Fall ofimage 2014, Scientific’s progressive, progressive, innovative innovative thinking thinking underwent toMarlborough employees to employees andCampus visitors and visitors alike. alike.
a unique multi-building facade renovation project to transform the campus.
The result was a high quality project, which achieved the goal of a unified corporate campus projecting an image of equality and progressive, innovative thinking to employees and visitors alike.
1250 Hancock Street | Suite 815N | Quincy, MA 02169 617-773-8150 | www.wesslingarchitects.com
one integrated design - one beautiful result
one integrated design - one beautiful result
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2A April 29 - May 5, 2016
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April 29 - May 5, 2016 3A
May 22 – 25, 2016 I Las Vegas, NV
Las Vegas Convention Center & Westgate Hotel
Make time in your RECon schedule to take advantage of everything the convention has to offer. I Professional Development Workshops – Enhance your career skills with 25 Professional Development Workshops dedicated to education and certification.
I Talent Development Pavilion – A unique combination of exhibits, educational sessions and professional services for individuals at all stages of their careers.
I P3 Pavilion – Cities, municipalities, government and non-profit agencies looking to attract retail development to their communities.
I ICSC Live! – An interview series recorded live at RECon. The industry's most powerful players talk about their unique backgrounds and shed insight on the state of the retail real estate industry.
I Networking Events Sunday, May 22 Opening Reception I 7:30 – 9:30 pm I XS Nightclub at Encore Hotel Monday, May 23 P3 Pavilion Reception I 3:30 – 5:00 pm I LVCC Central Hall Student Reception I 4:00 – 5:00 pm I LVCC Talent Development Pavilion Fortune Tellers Reception & Researcher Award Ceremony I 5:30 – 7:00 pm I Wynn Hotel Diversity Reception I 5:30 – 7:30 pm I Wynn Hotel SPREE RECon Reception I 5:30 – 7:30 pm I Wynn Hotel
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4A April 29 - May 5, 2016
JOINT VENTURE PARTNER WANTED To Develop High End - Luxury Condo/ Hotel and Convenience Shopping Center One Minute Drive from Foxwoods Hotel/ Casino and the 320,000 Sq. Ft. Outlet Mall on Rte. #2, North Stonington,CT Deep Pocketed Investor/Partner Needed, Principals, Broker Protection Guaranteed
[email protected] or 203-335-1575
KING & NEWTON COMMERCIAL REAL ESTATE www.KingNewton.com
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Certified Commercial Investment Member Thomas R. King, MAI, CCIM
Thomas R. King, MAI
Brokers Consultants Appraisers 155 Maple Street, Suite 306 Springfield, MA 01105
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Retail
By Carol Todreas
SERVING THE REAL ESTATE INDUSTRY SINCE 1963
Class-B malls? Maybe it’s time…
Patty Colman, x251 Publishing Director
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Karen Dowell, x254 Senior Vice President
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Is it the rise of many new retailers, the optimism around innovation and entrepreneurship, the large numbers of shopping age millennials or just the relatively stable economy that is the reason that malls are, with caution, somewhat “back.” We hear mostly about redone class-A malls that cater to the upscale shopper. However, recently there has been increasing interest from investors in class-B malls which never recovered from the recession and are available at very attractive prices. These malls are in secondary markets and many have or will have large vacancies owing to the problems of their under performing anchor department stores like JC Penny’s, Sears, and Macy’s. Despite all this, some class -B malls are being purchased for redevelopment. Owners of class-B malls will generally face a property with major holes at one or both ends where lived their “anchor” stores. So then comes the challenge of how to reconfigure and re-tenant such a property and for what? More retail? If so, what kind? Lifestyle? Outlet? Mixed-use? Offices? Entertainment? Medical? For example it might make sense to subdivide one such space into smaller retail stores while the other large space might be leased for a medical center or several restaurants and a grocery store. What will transform the beast into a beauty so it becomes a destination center and profitable asset? Whatever the new mix, the mall will have to provide the consumer with an interesting and enjoyable experience and this usually translates to more open space, different forms of entertainment, and flexible promotional space for seasonal markets and/or temporary stores. Together it must add up to a sense of things, experiences, products and place that are not found on the Internet. So what is the takeaway? It is some
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Published weekly for $139 per year by East Coast Publications 17 Accord Park Drive, Unit 207, Norwell, MA 02061 Periodicals postage paid at Norwell, MA and additional mailing offices. $4.00 Single Copy, $5.00 Special Issue. Subscriptions are non-refundable Publication #ISSN 0028-4890 | USPS #378-860 | Vol. 55, No. 18 Mailing Address: P.O. Box 55, Accord, MA 02018 Express & Overnight Mail: 17 Accord Park Drive, Unit 207, Norwell, MA 02061 Phone: 781-878-4540 | Toll Free: (Outside Mass.) 1-800-654-4993 | Fax: 781-871-1853 www.nerej.com POSTMASTER: Send address changes to New England Real Estate Journal, P.O. Box 55, Accord, MA 02018 or 17 Accord Park Drive, Unit 207, Norwell, MA 02061 REPORT AN ERROR IMMEDIATELY New England Real Estate Journal will not be responsible for more than one incorrect insertion. Disclaimer: The views expressed by contributing writers are not necessarily representative of the New England Real Estate Journal.
Real estate Financing * Condominium Conversions * Construction Loans
* Interim Loans * 2nd Mortgages
* Subdivisions * Sale of Mortgages * Letters of Credit For four decades, we have participated in providing short-term commercial real estate financing. Continually, we have met the needs of our clients and have adjusted to the marketplace with creative alternatives. We offer: • Quick Response and Closings • No “red tape” • Expert loan review by real estate professionals experienced in all facets of real estate; from development to management
call Richard Bendetson at (617) 227-0893, ext 655, Samantha Bendetson, ext 691 or call Brian Sopp, ext. 663 for more information
Diversified Funding, Incorporated
63 Atlantic Avenue, Boston, Massachusetts 02110 Tel. (617) 227-0893 / Fax (617) 227-2995
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New England Real Estate Journal
April 29 - May 5, 2016 5A
STAND OUT from the CROWD Benefits of Exhibiting at NEBFM16 9 Meet face-to-face with decision makers 9 Strengthen relationships with current clients 9 Introduce latest products & services 9 Build brand recognition 9 Generate thousands of leads for your sales team 9 Network with your peers
June 29 & 30 • Boston Convention & Exhibition Center For more information on exhibiting at NEBFM16 Contact Tom Thomas: 916-259-2884
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New England Real Estate Journal
6A April 29 - May 5, 2016
New England
Powerful Marketing Solutions WEB DESIGN ADVERTISING GRAPHIC DESIGN VIDEO PRODUCTION
Clients
15 BROAD ST., A 10-STORY, 73,500 S/F “JEWEL BOX” BUILDING
Pergola and Doherty of CBRE/NE represent Broder in $33 million sale CBRE/New England’s Capital Markets team completed the sale of 15 Broad St., a distinctive BOSTON, MA
Dave Pergola
www.SeedlingCreative.com (781) 929-7946
www.fafardrealestate.com
Visit the paper online nerej.com
Brian Doherty
10-story, 73,500 s/f “jewel box” building located in downtown, for $33 million. CBRE/NE’s Dave Pergola and Brian Doherty represented the seller, Broder, and procured the buyer, Brookfield Property Partners in conjunction with AustralianSuper, Pty.
508-881-1600 LARRY x321
15 Broad St. is situated within one of the hottest investment markets in the United States. The city’s thriving economy—driven by the healthcare, technology and education sectors—is adding jobs and households at a historic pace. “The Boston office investment market continues to perform strongly when compared to other top U.S. cities,” said CBRE/ NE’s Doherty.
508-881-1600 RYAN x307
MILFORD, MA
MILFORD, MA
455 FORTUNE BLVD
QUARRY SQUARE
MILFORD, MA 120 QUARRY DRIVE
2,160 SF / 1,080 SF
OFFICE WAREHOUSE
GREAT PIZZA PARLOR LOCATION
6,800 & 10,800 SQ FT FLEX
BOND expands to R.I. with new Providence office
BOND, one of the Northeast’s premier full-service construction management and general contracting companies, is expanding to the state of Rhode Island with the opening of a new Providence location. The company celebrated with a ribbon cutting ceremony and open house attended by Providence mayor Jorge Elorza, along with BOND clients, business partners, colleagues and employees. The new office is located at One Cedar St., Suite 100. Leading the office is Dan Ramos, regional manager. In his new role, Ramos is responsible for expanding BOND’s geographical presence PROVIDENCE, RI
PAD SITES 1,700 SF DRIVE THRU TO 20,000 SF ANCHOR
DISTRIBUTION, OFFICE FLEX WAREHOUSE, MANUFACTURING 30,000 / 83,000 SF
WESTBORO, MA
24’ CLEAR HIGH-BAY WAREHOUSE AND 6,500 TO 13,500 SF OFFICE
WESTBORO, MA
164 MILK STREET
6 DOCKS, 2 DRIVE-IN DOORS
RT 135 & 9
APARTMENT LAND FOR SALE
PERMIT FOR 200 APARTMENTS-ASHLAND LOT SIZE 5.2 ACRES $49,000/UNIT LAND $9,800,000
WESTMEADOW PLAZA 1,400-1,800 SF
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MILFORD
Upton: 85 Acres
2,000 ft. frontage
Bellingham: 170 Acres
Located on rt. 16 & 495, 12 acres
Uxbridge: 80 Acres
Shown (from left) are Bond representatives: Frank Hayes, COO; Bo Koloski, director of client services; Edward Bond, Jr., CEO; Kim Silvestri, project executive; mayor Elorza; Dan Ramos, regional manager; Thomas Baillie, senior VP, civil & utility division; David Shrestinian, senior VP, building division; and Robert Murray, president. throughout R.I., Southeastern Mass. and Eastern Conn. He works with a new office leadership team including James “Bo” Koloski, director of client services and Kim Silvestri, project executive. Koloski leads the business development effort for Rhode Island, while Silvestri is focused on leading BOND’s healthcare projects. “I want to congratulate BOND on their new location and welcome them to the historic Federal Hill neighborhood,” said mayor Elorza.
New England Real Estate Journal
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April 29 - May 5, 2016 7A
The 2016
STATE OF THE
Northern New England Summit Market June 7, 2016
Real Estate Updates/Trends Industrial, Office, Multifamily, Retail
100 Deer Street, Portsmouth, NH 03801
9:00am-10:00am
Residence Inn Portsmouth
8:00am-9:00am
Construction Projects
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New England Real Estate Journal
8A April 29 - May 5, 2016
LEED
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Project of
Architectural Millwork
BY EXAMPLE.
LEED
PROJECT TEAM INCLUDED: ENVIRONMENTAL SYSTEMS, INC.
BY EXAMPLE. Custom Architectural Millwork since 1986 • Custom Architectural Millwork since 1986 LEED Accredited Professionals • LEED Accredited Professionals FSC Certified • FSC Certified
603.893.2606 • www.chamberlaincompanies.com • Salem, NH
Owner 781-878-4540 Proof Tel: fax: 781-871-1853
NE NY REAl EstAtE JouRNAl Changes
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JUMBO CAPITAL MANAGEMENT, LLC
REAL ESTATE INVESTMENT ASSET & PROPERTY MANAGEMENT
Jumbo Capital Management (JCM) is a privately held, value-focused, commercial real estate investment firm serving institutions, high net-worth individuals, family offices, private trusts, and 1031 investors.
1900 CROWN COLONY DRIVE, SUITE 405 QUINCY, MA 02169 P 617-934-2002, F 617-481-6973 WWW.JUMBOCAPITAL.COM
Jumbo Capital and Dac build out for Fishman Tran ANDOVER, MA Jumbo Capital Management, LLC and Dacon Corporation recently completed a 48,000 s/f build out for Fishman Transducers at 3 Riverside Dr. This design-build interior improvement two-story project kicked-off in November of last year. At press time, Fishman was in the process of occupying the building. The project was a gut renovation of the southern wing of 3 Riverside Dr. consisting of 8,000 s/f of office, 3,000 s/f of sound studios, a 2,000 s/f product display conference center, 16,500 s/f of electric bench assembly space with a small machine shop, 17,000 s/f of storage and a 1,500 s/f employee break room. Fishman is relocating from 6 Riverside Dr. In addition to the build-out, Jumbo Capital replaced the entire HVAC equipment systems to the space and initiated a site and parking lot improvement package. Chris Lawrence of Jones Lang LaSalle represented both Fishman and Jumbo Capital in the lease. Fishman Transducers designs and manufactures acoustic amplification products. The company offers solo performance systems, acoustic effects pedals, acoustic imaging technology products, acoustic amplifiers, acoustic guitar and instrument pickup systems, magnetic sound-hole pickup systems, onboard pickup and preamp systems, outboard preamps, and electric guitar products. It also operates an online store that offers acoustic accessories and parts; guitar picks and luggage tags; adhesives and mounts; bags and covers; clips and clamps; cables and power adapters; jacks and knobs; and replacement pickups. Jumbo Capital is a privately-held
commercial real estate firm based in Quincy, Mass. Committed to providing exceptional real estate services to its investors, they work with all asset classes throughout the Greater Boston Area. With a wide range of focus on small to mid-sized real estate transactions in the Greater Boston area and experience in leveraging
distressed and under-performing assets by investing in all levels of the capital stack, Jumbo aims to deliver consistent risk-adjusted returns to its investors. Dacon is a Natick-based fully integrated design, engineering, and construction firm that provides single-source solutions to clients’ most
Design
New England Real Estate Journal
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the Month
April 29 - May 5, 2016 9A
Drywall
.; CHAMBERLAIN COMPANIES, INC.; DRYWALL SERVICES, INC.
acon complete 48,000 s/f nsducers at 3 Riverside Dr.
Metal Stud Framing
Drywall
Drywall Services, Inc. Complete Commercial Drywall Services
challenging facility requirements. Since 1985, Dacon has designed and built more than 22 million s/f, with a total value in excess of one billion dollars. Dacon has planned, designed, permitted, and built office, medical/ life science, manufacturing, warehouse/distribution, and cold storage facilities throughout New England.
86 Progress Avenue, Unit #2 Tyngsboro, MA 01879
[email protected] tel: 978-649-5848 fax: 978-649-5767
HVAC
Changes
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3 Riverside Drive project team Design Builder .................................................................Dacon Corp. Owner .......................................... Jumbo Capital Management, LLC HVAC .....................................................Environmental Systems, Inc. Architectural Millwork ...................Chamberlain Companies, Inc. Drywall ............................................................Drywall Services, Inc. Builder
Dacon Dacon Design-Build Design-Build Build Solutions Build to to Suit Suit Solutions Design / Build Services: Design / Build Services: Project Test Fits ❘ Project Estimating ❘ GMP Pricing Project Test Fits ❘ Project Estimating ❘ GMP Pricing Construction Documents ❘ Construction Services Construction Documents ❘ Construction Services Tenant Improvements Tenant Improvements
Dacon Drive, Natick, Natick,Massachusetts, Massachusetts, 01760-1337 DaconCorporation Corporation ❘ ❘ 16 16 Huron Huron Drive, 01760-1337 508 www.dacon1.com 508 651 651 3600 ❘❘ www.dacon1.com
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Congratulations to Dacon and the Fishman Transducers project team Environmental Systems, Inc.
is a complete mechanical contracting and engineering firm specializing in the design, installation, and service of heating, ventilation, and air conditioning systems of all types. For more information, please visit our website or call today to speak with a member of our Sales or Service team! (508)226-6006
www.envsys.net
Environmental Systems, Inc.
is a complete mechanical contracting and engineering firm specializing in the design, installation, and service of heating,E nventilation, v i r o n m e n t a land S y s air t e mconditioning s, Inc. is a complete mechanical contracting and e n g i n e e r isystems n g f i r m s p eof c i a lall i z i ntypes. g in the design, installation, and service of heating, ventilation, and air conditioning systems of all types.
For more information, please visit our For more information, please visit our website or c awebsite l l t o d a y t oor s p ecall a k wtoday i t h a m eto m b espeak r o f o u rwith S a l e s ao r Service team! member of our Sales or Service team! (508)226-6006
www.envsys.net
(508) 226-6006 www.envsys.net
10A April 29 - May 5, 2016
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New England Real Estate Journal
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New England PUBLIC RECORD INDICATES PROPERTY WAS SOLD FOR $3.15M
Cronin of Colliers Int’l. brokers sale of 39-acre former 4H property The Boston office of Colliers International has brokered the sale of the 39-acre former 4H property at 466 Chestnut St. at Eliot St. Colliers senior vice president Bob Cronin represented both the seller, Cloverland Properties of Sudbury, Mass., and the buyer, The Green Companies of Newton, Mass. Public records indicate that the sale price for the property was $3.15 million. According to recent press releases, the project at 466 Chestnut St. has been named “The Lanterns at Warren Woods” and it has recently been approved for 93 senior-living residential units. Construction will start in the next 60-days. ASHLAND, MA
Conference sponsorship or speaking information contact Rick Kaplan
781-878-4540, ext. 247,
[email protected]
NAI Hunneman hires Blount as assistant V.P.
Former 4H property, 466 Chestnut Street - Ashland, Ma
According to NAI Hunneman, Markell Blount has joined the company’s leasing and advisory service team as an assistant vice president focusing on landlord and tenant representation in the Cambridge & Life Science Markell Blount submarkets. “Markell brings tremendous energy, enthusiasm, organization, entrepreneurial spirit, and significant market focus to our firm,” said NAI Hunneman president & CEO David Slye. BOSTON, MA
W. L. French and Rampco Construction open the Dudley Reclamation Site located at 123 Oxford Ave.
DUDLEY, MA W. L. French, in partner-
ship with Rampco Construction, has opened the Dudley Reclamation Site located on 123 Oxford Ave. This site has over 4 million tons of airspace and is the only site in the state of Massachusetts with an
Administrative Consent Order (ACO) from MassDEP to accept both
CLIPPERSHIP WHARF, BOSTON, MA
At Lendlease, building better is about the manner in which we operate, our culture of collaboration and the values that guide how we approach our business. Lendlease has been operating in New England for more than 20 years. SERVICES • • • •
Development Construction Management Program Management Project Management
• General Contracting • Design/Build Construction • Owner’s Representative
20 City Square, 2nd Floor l Boston, MA 02129 l T 617 557 6400 l F 617 557 6439
New England Real Estate Journal
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April 29 - May 5, 2016 11A
Referral Network This Week’s Real Estate Specialist
Cheshire, Connecticut
We Cover the State 330 South Street, Cheshire, CT 06410 203-234-9000 / Fax 699-9316
REPRESENTS SELLER, SECURITY PROPERTY MANAGEMENT LLC
Aho of O’Brien Commercial Properties handles $830,000 sale Joel Aho of O’Brien Commercial Properties, Inc. represented Security Property Management LLC in the sale of the property at 59 Apsley St. to Rykbost LLP for $830,000. The 27,758 s/f building was purchased for Joel Aho i nve s t m e n t with the new owner looking to lease the property to multiple tenants. HUDSON, MA
Firms appearing on this page are listed to represent the areas of activity in the New England economic region, and are available to answer your questions regarding investment, financing and/or brokerage opportunities in their area. They are willing to cooperate on all legitimate situations.
Massachusetts
New Hampshire
Southeastern MA
Londonderry
508-272-9910
TINKHAM REALTY
Tony Baldwin, CCIM
Residential, Commercial and Industrial
www.baldwin-realestate.com
[email protected]
Route 102, Londonderry, NH 603-432-7769 / Fax: 603-434-1545 www.tinkhamrealty.com email:
[email protected]
One Park Place, Plymouth, MA 02360
Cape Cod
René L. Poyant, Inc.
Nashua
REAL ESTATE MANAGEMENT
Post Office Square, 20F Camp Opechee Rd. Centerville, MA 02632 508-775-0079
[email protected]
59 Apsley Street - Hudson MA
Worcester
PROLMAN REALTY 100 Elm St. Nashua, NH
603-880-6655
[email protected]
Portsmouth
Bloom of Sherin and Lodgen to receive REBA’s Lifetime Achievement Award BOSTON, MA According to Boston law
firm Sherin and Lodgen LLP, Edward Bloom, a partner in the firm’s real estate department, will receive the Richard B. Johnson Award at the Real Estate Bar Association for Massachusetts (REBA) Spring Conference on May 2. Established in 1977, the award was created to honor Richard B. Johnson, a highly regarded figure in the legal community following distinguished service in World War
II. Award recipients have included members of the judiciary, former REBA officers, members of the land court’s legal staff and Edward Bloom distinguished real estate attorneys. REBA’s highest honor, this lifetime achievement
award recognizes outstanding and selfless contributions to advancing the practice of real estate law. Bloom is widely respected for his knowledge and experience in real estate law. He concentrates his practice on the development, sale, leasing, and mortgaging of office, shopping center, industrial, and condominium properties. He is a past president of REBA, co-chairs its amicus committee and is a past chair of its leasing committee.
Rhode Island
Connecticut
Connecticut
Northern Rhode Island
Cheshire
West Hartford
BERETTA REALTY CO.
www.brodercommercial.com
Since 1965
SALES • APPRAISALS DEVELOPMENT (401) 724-7980
[email protected] 869 Smithfield Ave., Lincoln, RI 02865
We Cover the State 330 South Street, Cheshire, CT 06410 203-234-9000 / Fax 699-9316
43 North Main Street West Hartford, CT 06107 860-249-1540
Providence
Milford
Vermont
446 Main Street, Suite 2200 Worcester, MA 01608 Commercial-Industrial Div. 508-755-0707 www.kelleher-sadowsky.com
Metro West/Franklin
146 Westminster Street, 2nd Floor Providence, RI 02903 (401) 273-1980/Fax 421-4207 www.hayessherry.com
Warwick, RI
www.ButlerRealty.us or email Jeff Butler at
[email protected] Trusted Real Estate Service Since 1977
(401) 886-7800
Vermont’s Commercial Real Estate Leader Since 1987
680 Boston Post Rd. Milford, CT 06460 203-877-1345 / Fax: 203-877-6090
[email protected]
So. Windsor
Sales & Leasing Buyer/Tenant Representation Site Selection 29 Church Street, 3rd Floor, Burlington, VT 05401 802.878.9000 | www.jldavisrealty.com
CT River Valley - NH/VT
Mark F. Butler, Broker Residential & Commercial • Sales & Leasing
800-292-1102 950 Sullivan Ave., #19 South Windsor, CT 06074
[email protected]
800-542-5188
www.townandcountryrealty.com
[email protected]
Southern NH Verani Realty COMMERCIAL SERVICES
Jeff Allaire
www.veranicommercial.com
Sales & Leasing (508) 803-5000
[email protected]
Res/Comm’l/Ind Consultants One Verani Way, Londonderry, NH 03053 800-392-2377
Burlington
Central NH
R.J. Kelly Company 55 Cambridge Street Burlington, MA 01803 781-272-2899
Western Mass.
Brenda Litchfield, CCIM
Concord Commercial, LLC 2½ Beacon Street, Suite 159 Concord, NH 03301
603-225-3200
[email protected]
Hanover/Lebanon
Arnold Peck’s Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
The Kane Company 603-430-4000 netkane.com
Macmillan and Son, Inc.
Commercial, Industrial, Investment Real Estate Services
McLaughry Commercial
Commercial Real Estate
1550 Main Street, Suite 104 Springfield, MA 01103
(413) 736-8338
Bruce Waters 93 S. Main St., W. Lebanon, NH 03784 603-298-8904
Andover, MA
Bedford
Form
Ron Fredette, CCIM, CIPS 138 River Rd., Andover, MA Office: 978-475-2111 Cell: 603-540-4489 Email:
[email protected]
116 South River Road Same photo as New Photo NH • 603-668-7000 Bedford January 28 Deer Street Suite 301 Coldstream Office Park 175 Lincoln Street • Manchester, NH 116 South River Road • Bedford, NH Portsmouth, NH • 603-431-3001 www.nainorwoodgroup.com
Newly redeveloped 2,550+/- SF office/industrial unit New windows, natural timber columns throughout, sandblasted walls, wood ceiling and is handicapped accessible One loading dock. Lease Rate: $7.50 psf, nnn. Call Chris Norwood for details.
Several Class A office units avail for immed occup. Units vary from 911+/- SF to 2,181+/- SF, & a 3,899+/- SF stand-alone building . Units can accommodate a variety of users. Lease rates vary. Some units broker owned. For more info, call Louise or Chris Norwood.
Same photo as January
Same photo as January
Ridgewood Road & Palomino Lane Bedford, NH
225 Lowell Road • Hudson, NH
15 Constit
Several Class 1,771+/- SF to able in one of with convenie Lease rate $1 $1.50 psf for tact Perry Sn
227 Lo
1,300+/-SF bld
New England Real Estate Journal
12A April 29 - May 5, 2016
Visit the paper online nerej.com
New England Seeking
Experienced Estimator - Commercial Construction
Find more info at BigelowFleming.com/Careers 508.230.7050
14 Norfolk Ave, Easton, MA 02375
bigelowfleming.com
Building relationships… one project at a time
Proof
CONVERTING THE BUILDING INTO AFFORDABLE APARTMENTS
Abbot restores brick façade of historic Jamaica Plain building Abbot recently restored the façade of a historic three-story building at 82 Green St. The building formerly served as a public elementary school until the city of Boston determined that it was no longer needed in their educational system. The city decided to create a reuse for the building and, toward that end, designated the Pine Street Inn, a non-profit organization that provides outreach, shelter, training, and emergency services to underprivileged citizens, as the developer. The developer initiated the renovation by converting the interior of the building to a series of affordable apartments. Then, as part of a proactive effort to improve the strucJAMAICA PLAIN, MA
82 Green Street - Jamaica Plain, MA
Tel: 781-878-4540 fax: 781-871-1853
1.39 acres of Commercially zoned land NE NY REal EstatE JouRNal Changes
New Proof
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from: EW run Date: 12-19
Charlestown, RI
Currently has 3 two-family homes and huge barn. Needs extensive rehab or knock down and start fresh. Previous income was $4,500/month or $750 per unit.
ture of the building, the developer determined that extensive repairs were required to fortify the exterior. Following an evaluation by its engineering firm (Commercial Construction Consulting, Inc., Boston), the developer created a series of plans and specifications to replace the roof that had served its useful life, and repair the façade. Abbot was selected for the project based on a competitive bidding process. To complete the multi-faceted restoration, Abbot performed the following masonry work: • Cut and repointed the brick on all four sides of the building; • Reduced the height of two brick chimneys on the roof; • Reused a significant amount of bricks from the two chimneys to replace cracked and damaged bricks thereby maintaining the aesthetics of the building; and • Installed a new slate roof and copper trim. •for full story visit nerej.com•
Class-B malls? Maybe its time… CONTINUED FROM PAGE 4
R. D. Denelle and Company, Inc. Realtors 2935 Tower Hill Road, Box 130, South Kingstown, RI 02880 Contact: Dale Denelle,
[email protected] office: 401-783-7777 Cell: 401-864-5658 www.denelle.com
class-B malls are worthy of redevelopment at this time when investment is relatively inexpensive. However, there will be many land use changes, so it is a good idea early in the process to check out development issues, such as zoning and other development regulations that could lead to a long term hold up. And as always consider a retail market consultant for relevant information on markets, merchandising, diverse tenants, new retail concepts, economic and community realities. It can only help.
Carol Todreas is a principal at Todreas Hanley Associates, Cambridge, Mass.
New England Real Estate Journal
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April 29 - May 5, 2016 13A
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INCLUDES TWO PROJECTS AT BOSTON COLLEGE’S O’NEILL LIBRARY
Kaplan Const. completes work at Boston College and Northeastern Kaplan Construction, a WBE general contractor and construction management firm providing comprehensive building programs across Greater Boston, has wrapped up a series of projects for Boston College and Northeastern University. Boston College: Kaplan worked on two projects at Boston College’s O’Neill Library, one of the center points of the college’s campus. Over the course of three months, Kaplan completed renovations at the Center for Teaching Excellence (CTE). The two-phase project answered the school’s request for a well-located and attractive place for faculty to collaborate as well as to bring together staff members who were previously dispersed in different departments. The library was occupied during construction and Kaplan did much of its work after-hours to avoid disrupting students and staff. Kaplan also renovated the main circulation desk and reconfigured the back office for increased efficiency and functionality. In addition, the interior renovations to a 5,400 s/f area encompassed the overhaul of classroom space and the construction of a new circulation desk and associated administrative areas, including adjustable counters for accessibility and new soffits and lighting for improved visibility. Kaplan also converted existing classrooms into 6 training/testing areas and a media viewing room. BOSTON, MA
A one year subscription includes: • The 52 year old New England Real Estate Journal delivered. • Access to the digital edition on nerej.com. • The Daily RE Cap newsletter which covers New England sales, leases, mortgages, construction and many activities linked to the multi-trillion dollar industry.
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Waiting area at the O’Neill Library - Boston, MA Project team members include Lavallee Brensinger Architects (LBA) and BR+A Consulting Engineers. Northeastern University: In its first project for Northeastern University, Kaplan renovated an existing interior laboratory at the Egan Engineering/Science Research Center for the College of Engineering and installed new mechanicals, lighting, fire alarm, finishes and millwork to create a new experimental laboratory. The research facility includes a grouping of labs that currently serve multiple professors and students. The
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new lab will contain a 1,300-gallon acrylic water tank for experiments and an adjacent space with workstations where graduate students can plan and review experiments. In order to minimize disruptions, the lab space has sound proofing features in the walls, ceiling and doors. During construction, the neighboring labs were operational so Kaplan and its sub-contractors coordinated work closely with Northeastern faculty and staff to reduce interruptions to ongoing experiments. •for full story visit nerej.com•
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April 29 - May 5, 2016 15A
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Quick Read Kelleher and Matt of Kelleher & Sadowsky handle $2.5 million sale Volume 54 ■ Issue 18
nerej.com
May 1 - 7, 2015
LEASED LOCATED IN ITS OFFICE PARKS IN WALTHAM AND WAKEFIELD, MASS.
1 Year Ago
The seller, Bearfoot Realty, Inc. was represented by Matthew Morgan of Cushman & Wakefield. SEE PAGE 8A
NB Development secures 124,732 s/f lease with Harvard Business Pub.
At 20 Guest St., adjacent to Boston Landing in the city’s Brighton neighborhood. SEE COVER OF SECTION B
John Flatley Co. renews 300,000 s/f at the Nashua Technology Park
The leases were renewed with Dell, Plexxi and Amphenol TCS, bringing the building to 85% leased. SEE COVER OF SECTION C
4 Sections 88 Pages Editorial Page .............................. 4A C. Todreas..................................... 4A Referral Network ........................ 9A ODM .......................................SEC. B NNE ........................................SEC. C Spotlight/Maine .....................7-14C Project of the Month ...........10-11C Billboard................................SEC. D facebook.com/nerejournal twitter.com/nerej youtube.com/NEREJOURNAL nerej.com printed on recycled paper
25 Years Ago
Newsletter
Hobbs Brook Management completes 65,000 s/f in new leases Hobbs Brook Management LLC has welcomed nine new companies to its office parks. The firm negotiated leases for 65,000 s/f in its office parks in Waltham and Wa k e f i e l d . Hobbs Brook was represented by Wyman Patricia Holland StreetAdvisors in all nine deals. “Leasing activity has been robust throughout the last several months and we are thrilled to welcome nine new tenants into our portfolio,” said Patricia Holland, real estate manager in Hobbs Brook’s leasing division. “It is clear from our experience that tenants seek Class A office spaces that offer high-quality amenities, convenient locales, superior building materials and a concentration on energy efficiency and sustainable building and maintenance practices. Hobbs Brook prides itself on providing the highest quality environment possible for its tenants.” New tenants in Waltham include: • Panther Global Group, Inc., providing temporary, temp-to-direct hire, direct hire, managed service provider and payrolling services throughout the United States and Latin America, has leased 6,013 s/f for two years at 225 Wyman St. and were represented by Lincoln Property. • MarketCast, a leading global entertainment market research and consulting firm, leased 3,604 s/f for two years at 225 Wyman St. They were brokered by CBRE. • Konica Minolta, a leader in information management focused on enterprise content, technology optimization and cloud services, relocated from Newton to lease 20,000 s/f at 404 Wyman St. for the next 10 years. They were represented by Cushman and Wakefield. • Entrust Datacard, has leased 4,437 s/f for five years and were represented by Cushman and Wakefield. Entrust Datacard offers card issuance, mobile payment, secure online identity and
WALTHAM, MA
secure transaction authentication technologies to government agencies, enterprises and financial institutions in more than 150 countries. Headquartered in Minneapolis, the firm opened its first Mass. location at 404 Wyman St. New tenants in Wakefield, Mass. include: • CPower is a renewable energy company providing demand response services to more than 7,000 C&I companies across the US. Demand Response pays customers to help safeguard the electric grid during times of high energy usage.They have opened a regional 3,349 s/f office at 201 Edgewater Dr., and were represented by the Stevens Group. • OSF|Global Services, a global consulting firm specializing in CRM, eCommerce, custom application development and technology integration services signed a three-year lease for 2,563 s/f at 500 Edgewater Dr. OSF moved from Woburn and was represented by Wyman Street Advisors. • Lantos Technologies, Inc. which developed an intra-aural 3D scanning system that revolutionizes the custom in-ear device market, has leased 13,366 s/f for two years at 201 Edgewater Dr. Lantos relocated from Cambridge and was represented by Jones Lang LaSalle. • Johnson O’Connor Feron & Carucci LLP, a firm of certified public accountants and business consultants, has been providing clients with tax services, assurance services, merger and acquisition strategies, business consulting, and financial planning for more than 70 years. Formerly located elsewhere in the city of Wakefield, Johnson O’Connor, Feron & Carucci leased 9,502 s/f for seven years at 101 Edgewater Dr. and was represented by Mohr Partners. • ON Search Partners, an executive search firm dedicated to providing quality executive search services to clients ranging from early-stage and venture-funded companies to the Fortune 100, has leased 2,179 s/f at 401 Edgewater Place for five years. The firm moved from Burlington, Mass. and was represented by DTZ.
10 Years Ago
404 Wyman Street - Waltham, MA
Angel of Angel Commercial LLC, completes 24,000 s/f in commercial leases for landlord, ECP Quarry LLC Jon Angel, president at Angel Commercial LLC, completed the lease of 24,000 s/f of commercial space at 260284 Quarry Rd. In 2013 ECP Quarry LLC acquired the 83,580 s/f building with the intenJon Angel tion of taking an under managed asset and repositioning it. By making several infrastructural improvements and being a proactive landlord, 260-284 Quarry
MILFORD, CT
Rd. has secured several new tenants. “We were retained by the owner to aid in their asset stabilization plan. The property is now 80% leased with approximately 21,000 s/f remaining, varying in size and loading options,” said Angel.
Worth Avenue Capital closes $500,000 commercial loan to New England based manufacturer GUILFORD, CT Worth Avenue Capital,
LLC (WAC) closed a $500,000 commercial loan to a New England based manufacturer and distributor of high performance construction products. The loan proceeds were used by one of the company’s newly created real estate entities as a down payment for the purchase of a piece of investment real estate. The loan is secured by a blanket mortgage on several other properties that are owned by the principal of the company and the loan was funded by one of WAC’s private lenders.
The operating company who is involved in this transaction has a very strong financial condition and, with the assistance of WAC, was able to secure an additional commercial loan in the seven figure range from a New England based commercial bank whose loan proceeds will enable the company to complete the purchase of the real estate. WAC’s private loan for $500,000 represents “gap” financing for the borrower as it bridged the gap between the purchase price of the property and the bank provided the long term financing.
45 Years Ago
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Newsletter
New England Real Estate Journal
16A April 29 - May 5, 2016
Visit the paper online nerej.com
Thru the Lens
Shown (from left) are: RPL sales associate David Abbott and RPL manager JP Pagano dropping off the donations. PROVIDENCE, RI The Residential Prop-
erties Ltd. Food Drive was recently concluded, resulting in over 5,500 meals provided to the Rhode Island Food Bank. In all, 702 pounds of food was collected, including a variety of canned goods, boxed items, peanut butter, tuna fish, rice, beans, and other essential, high protein foods. In addition, Residential Properties was happy to donate over $1,600 to the
LINCOLN, NH The Builders and Remod-
elers Association of Greater Boston (BRAGB) recently held its 29th annual ski outing for members and their guests at Loon Mountain.The outing is one of BRAGB’s most popular events of the year, and offers attendees the opportunity to build relationships with other members, spend time with friends outside the office, engage in friendly competition, and enjoy the fresh mountain air. Forty-five skiers spent the morning enjoying soft corduroy runs on Loon Peak and North Peak and 2” of new snow on higher elevation trails. Following a brief lunch break around noon, those in attendance congregated
worthy cause. “I am thrilled that our food drive was a huge success and will benefit the Rhode Island Community Food Bank,” said RPL president & CEO, Sally Lapides. RPL, which will celebrate its 35thAnniversary in November, has always been active in supporting the needs of those in Rhode Island. “One of the core values of Residential Properties is giving back to the com-
munity,” said Lapides. “I would like to thank all of our colleagues and clients who participated.” This time of year is particularly slow for donations, making local support all that more important for the Rhode Island Food Bank. With 167 member agency food programs across R.I., the organization has distributed millions of pounds of food and household items to local communities.
on the mountain’s “Coolidge Street” trail to prepare for the trip’s annual ski race. Each racer participated in two runs down Loon Mountain’s course; the faster of the two runs was recorded for official scoring. FBN Construction ultimately took first place in a field of 10 teams. The day was capped off with an après ski party and brief award presentation in the Governor’s Pavilion base area. In addition to the race awards, BRAGB also handed out consolation prizes to other entrants and provided complimentary food and drinks. “In addition to the many professional benefits that BRAGB members
enjoy, we recognize that in order to help our members grow and foster new business opportunities, sometimes it’s helpful to get out of the office and do something recreational,” said Lorraine DeVaux, BRAGB CEO. “Whenever we ask members about their favorite events of the year, this ski trip always tops the list. It allows everyone to get off the jobsite for a little mid-week break, meet up and ski around together. It is also a great way to get some exercise and take advantage of the New England landscape during the winter. We love coming to Loon Mountain every year, and we look forward to continuing the tradition next winter.”
New England Real Estate Journal
Shown (from left) are: John Hamilton, Pyramid Hotel Group; professor Suzanne Markham-Bagnera, Boston University School of Hospitality Administration; Wayne West, Newport Hospitality Group; and David Shamoian, Distinctive Hospitality Group. BOSTON, MA The recent I-CHRIE developers panel. BU SHA professor (International Council on Hotel, Suzanne Markham-Bagnera served as Restaurant and Institutional Educa- moderator for the candid discussion tion) North Eastern/North American among nearly 60 hospitality educators Federation Regional Conference was from the northeastern United States, held at Boston University’s School about issues impacting hotel ownerof Hospitality Administration (BU ship and development. SHA),April 1-3. IHG OwnersAssociWith topics ranging from mergers ation members David Shamoian, part- and acquisitions of brands, successes ner of Distinctive Hospitality Group or case studies of soft brands, chal(association chair 2004-2005) and lenges posed by AirBNB and OTAs, Wayne West, COO of Virginia-based and brand value for the franchisees, Newport Hospitality Group joined the discussion was informative and Pyramid Group’s SVP of acquisitions engaging for the hospitality faculty John Hamilton on the owners and in attendance.
Shown (from left) are: Mike Mathis, president, MGM Springfield; Henry Thomas, President and CEO, Urban League of Springfield; Chelan Brown, Diversity Specialist for Construction and Operations, MGM Springfield; Curt Marcellin, Urban League Board of Directors. SPRINGFIELD, MA On April 11, The Ur-
ban League of Springfield hosted its 103rd Anniversary Gala at the MassMutual Center. Each year, The Urban League uses the gala to honor recipients of their distinguished “Urban League Community Builder Award”
to individuals that have “demonstrated outstanding leadership and accomplishments in technology, innovation and entrepreneurship.” Among this year’s honorees was Chelan Brown, diversity specialist for construction & operations, with MGM Springfield.
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April 29 - May 5, 2016 17A
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Inside Front Cover New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Celebrating the Past, Celebrating the Past, Celebrating the Past, Welcoming the Future.
Welcoming Welcomingthe theFuture. Future. As Dacon Corporation celebrates this milestone anniversary, its principals are grateful to all who have shared in the company’s As Dacon Corporation this milestone anniversary, long history celebrates of growth, development and success.
As Dacon this milestone anniversary, its principals areCorporation grateful to allcelebrates who have shared in the company’s its principals are of grateful all who haveand shared in the company’s long history growth,todevelopment success. long history of growth, development and success. Design/Build | Solution Driven
Anniversary
Dacon Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 508 651 3600 ❘ www.dacon1.com
Design/Build | Solution Driven
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| Solution Driven Anniversary DaconDesign/Build Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 508 651 3600 ❘ www.dacon1.com
Dacon Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 508 651 3600 ❘ www.dacon1.com
New England Commercial Real Estate Semi-Annual Guide
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Collaborative culture of experienced Investment Real Estate Professionals
COLLABORATIVE CULTURE + RELATIONSHIP FOCUSED + DEFINED EXPERTISE
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www.Hor vathTremblay.com 600 Market Street - Suite 686 | Lynnfield, MA 01940 Main: 781-776-4000 | Fax: 781-823-0245 |
[email protected]
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
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New England Commercial Real Estate Semi-Annual Guide
We sell RI
If you sell or lease commercial property in Rhode Island, you should know about RICIE, the “must have” listing resource for Rhode Island’s commercial real estate professionals. With a comprehensive database of commercial listings, a wide array of research and marketing tools, and syndication to more than 40 respected commercial real estate and economic development sites, RICIE has Rhode Island’s commercial real estate market covered. RICIE is a Rhode Island resource with a global presence, developed by real estate professionals, for real estate professionals. 100 Bignall Street, Warwick, RI 02888 401.785.9898 | www.rhodeislandcie.com
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
My partnership with the Carpenters Unionwith makes My partnership the myCarpenters business work. Union makes my business work.
Greg Raucci President Bismark Construction Greg Raucci Milford, CT
President Bismark Construction Milford, CT
Few successful alliances are constructed overnight. Instead, they growover over Few successful alliances are constructed overnight. Instead, they grow time and evolve into long-term partnerships. That’s the case with New time and evolve into long-term partnerships. That’s the case with New England Regional Council of Carpenters and Union Contractors. For decades England Regional Council of Carpenters and Union Contractors. For decades we’ve worked together to develop a skilled and professional workforce that we’ve worked to develop a skilled and professional workforce that supportstogether the construction industry throughout New England. Our Apprentice supports the construction industry throughout New England. Our Apprentice program is first-rate. Our specialized carpenters can excel in the most program is fi rst-rate. Our specialized carpenters can excel in most demanding environments. And ultimately, we make projects morethe successful. demanding environments. And ultimately, we make projects more successful.
The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org
The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org NECU_Raucci_NEREJ_FullBW3.indd 1
8/27/12 4:52 PM
Spring/Summer 2016
New England Commercial Real Estate Semi-Annual Guide
McDonough Realty SeRviceS, inc. (413) 537-9109
[email protected] 270 Exchange Street, Chicopee, MA 01013
Building AvAilABle For SAle 158 CheStnut Street, holyoke, MA • Former automotive repair shop with multiple overhead doors totaling 15,522 SF • Located in downtown Holyoke, less then 1 mile from I-391 and less than 2 miles from I-91 • Ample outdoor parking • Total land area: .68 acres • Price Reduced $450,000 $250,000
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New England Commercial Real Estate Semi-Annual Guide
FOR LEASE
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New England Commercial Real Estate Semi-Annual Guide
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New England Commercial Real Estate Semi-Annual Guide
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NOVEL IRON WORKS, INC.
Fabricators & ErEctors • Structural Steel • Steel JoiSt • Metal Deck • MiScellaneouS iron
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
9
Dear Readers and Subscribers, This is the 55th year of the New England Real Estate Journal and our 15th year of producing the NEREJ Commercial Real Estate Guide. This year’s Spring/Summer guide has been uniquely designed for your convenience in finding New England professionals covering all aspects of our multi-trillion dollar industry. It’s value will be found in the time you save seeking at least one specialist in every commercial real estate and allied field category. You can spend hours searching website lists seeking competent representatives in various regions only to discover you are forced to log on, fill in forms, and then be presented with an abundance of names and companies. It’s all time consuming and frustrating. This comprehensive guide will introduce you to professionals who invite your questions and inquiries. We all know that time is money, and with this special guide, you will be able to save both. You will see that this handy booklet has been designed for you to easily store, search and save. The four-color electronic version of this guide can also be found on our website nerej.com. You can access the electronic version on your desktop, laptop, tablet or smart phone. Thank you for participating and reading. Please feel free to contact me with any questions or comments. Patty Stone-Colman, ext. 251, Publishing Director
[email protected] New England Real Estate Journal, 781-878-4540, 800-654-4993 (outside Mass.) www.nerej.com
2016 New England Commercial Real Estate Semi-Annual Guide A supplement OF NEW ENGLAND REAL ESTATE JOURNAL P.O. Box 55, Accord, MA 02018 781-878-4540, www.nerej.com, twitter.com/nerej
President John Picard x250
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Senior Vice President Karen Dowell x254
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Joanne Connolly, ext. 248 Publisher
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New England Commercial Real Estate Semi-Annual Guide
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“The City of Brockton has entered a new era of substantial revitalization efforts which are attracting new investment and increased economic opportunity for both businesses and residents. A renewed emphasis on pro-development and business-friendly policies have been initiated by our administration and embraced by city agencies through common sense reform and a series of cross-sector partnerships that will improve local commerce and the overall quality of life within the community. A movement to incorporate Brockton’s rich history with economic development efforts will aid in the revitalization of the City, specifically the feel and reputation of the community. As Brockton has established itself through history, it will continue to make its “The City of Brockton has entered a new era of substantial revitalization efforts which are mark in the Commonwealth and the world by fostering an urban attracting investment and increased opportunity for both businesses and are “The City new of Brockton entered a neweconomic era of substantial revitalization which environment thathasencourages good will, resilience, andefforts prosperity. residents. A renewed emphasis on pro-development and business-friendly policies have attracting new investment and increased economic opportunity for both businesses and been Brockton’s future is bright and I strongly encourage entrepreneurs, initiated administration embraced by cityand agencies through common sense reform residents.byAour renewed emphasisand on pro-development business-friendly policies have been investors and developers to consider the opportunities offered by and a series of cross-sector partnerships that will improve localthrough commerce and the overall initiated by our administration and embraced by city agencies common sense reform 21st Century Brockton.” quality of life within the community. and a series of cross-sector partnerships that will improve local commerce and the overall A movement incorporate Brockton’s rich history with economic development efforts will quality of lifeto within the community.
Mayor Bill Carpenter aid in the revitalization of the City, specifically the feel reputation of the community. As A movement to incorporate Brockton’s rich history withand economic development efforts will City of Brockton Brockton has establishedofitself through history, it to makeofitsthe mark in the As aid in the revitalization the City, specifically thewill feelcontinue and reputation community. Commonwealth and the world fostering an urban that encourages Brockton has established itself by through history, it willenvironment continue to make its mark ingood the will, resilience, and prosperity. Brockton’s futureanis urban brightenvironment and I strongly encourage entrepreneurs, Commonwealth and the world by fostering that encourages good will, investors consider the opportunities offered by 21 stencourage Century Brockton.” resilience,and anddevelopers prosperity.toBrockton’s future is bright and I strongly entrepreneurs, Mayor Carpenter offered by 21 st Century Brockton.” investors and developers to consider theBill opportunities City of Brockton Mayor Bill Carpenter City of Brockton
Lives Here! BROCKTONOpportunity BROCKTONOpportunity Lives Here! Massachusetts
B21 B21
Brockton 21ST Century Corporation Massachusetts
Contact: Michael Gallerani Brockton 21ST Century Corporation
[email protected] / 508 586 0021 Contact: Michael Gallerani
[email protected] / 508 586 0021
New England Commercial Real Estate Semi-Annual Guide
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In this exclusive section you will find top experts from many industries with relation to commercial real estate. The top half of each expert page will include a unique market analysis and expert’s contact information. An online digital version of this guide is located on www.nerej.com. By clicking on any of the expert urls you will be taken directly to their company website.
Feature Company Directory 12
Feldman Law Offices
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State Directory Connecticut
33-39
Northern New England
56-65
Massachusetts
40-55
Rhode Island
66-72
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New England Commercial Real Estate Semi-Annual Guide
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1031 Exchange Five reasons to exchange… Have you been feeling it? We have! Commercial real estate transactions have been up considerably in the last few years and a large percentage of those have been 1031 Exchanges. As the largest Intermediary in the country, investment owners and advisors depend on us to help them realize the benefits of a §1031 Exchange...here are 5 reasons to exchange: If an investor bought an apartment building for $100,000 in 1975 and it is now valued at $1.8M dollars, the property has appreciated significantly and is now worth eighteen times what it was in 1975. Clearly, this was a great investment. But, like all investments, one should analyze whether it is now better to hold or to divest the asset. The apartment building is currently owned free and clear of debt. It has been owned for Patricia Flowers more than 27.5 years so it is fully depreciated and no longer eligible for annual depreciation IPX1031 deductions on the investor’s tax return. Reviewing the cash-flow, after property taxes, maintenance, and insurance, it produces net rental income of about $3,000 per month. $36,000 per year on an investment property worth $1.8M amounts to 2% annual income on the investment. However, the original $100,000 investment has grown by 1800% and there is now $1.8 million worth of equity tied up in one asset. Since interest rates are still relatively low, what better time than now to unlock some of that equity and exchange, tax deferred, into one or more properties with greater income and long-term appreciation potential? Through an I.R.C. §1031 exchange, this real estate investor can sell his investment property and accomplish a number of tax and investment goals: the investor defers federal and state capital gains, depreciation recapture and Healthcare 3.8% taxes. The investor can buy property with improved cash-flow, and if encumbered, with an interest deduction to be claimed. If the replacement property is greater in value than the relinquished apartment building, then depreciation deductions will also be available for the increased basis. Additionally, because multiple properties can be acquired through a single exchange, the investor can diversify the real estate portfolio, thereby hedging the investment risk inherent in a single property. Appreciation, depreciation, cash-flow, diversification and tax deferral are important drivers for doing a §1031 exchange. Investors should examine their real estate holdings and do the 5 point analysis suggested in this article. If repositioning a real estate portfolio is in order, the valuable tax benefits of a 1031 Exchange should be considered. Patricia Flowers is vice president of Investment Property Exchange Services, Inc. (IPX1031®), Boston, Mass.
As the nation’s largest Qualified Intermediary, clients and their advisors can trust Investment Property Exchange Services, Inc. (IPX1031®) to professionally manage their §1031 tax deferred exchange and to help them build wealth by preserving profits and maximizing their investment dollars. Join the thousands of clients who have depended upon IPX1031® since 1988 to be their first choice for a Qualified Intermediary.
IPX1031® is part of the Fidelity National Financial family of companies.
Patricia A. Flowers, CES®, Vice President
[email protected] 617.423.1031 office 617.899.4718 mobile www.ipx1031.com
New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
13
Accounting Intermediate stability – state of the Boston real estate market and 2016 outlook The real estate market is booming: This is a phrase that many in the industry hear frequently. Across the country, real estate values are continuing to increase and new construction is up, a trend certainly true in the Greater Boston market. Each week it seems there are new headlines about another real estate sale or new developments breaking ground. As prices have reached record highs and new developments soared, some have begun to ask how high the market will go. Will prices continue to increase? Will the flood of new supply result in prices crashing down? To evaluate the state of the real estate market we have to look at fundamentals. Matthew Jones Strong fundamentals drive high valuations: Although real estate prices have continued DiCicco, Gulman to hit new highs, the fact is the underlying fundamentals have supported the high valuations & Company across nearly all market segments. According to Cushman & Wakefield’s 2015 fourth quarter reports, the office and industrial markets, (both nationally and in Boston), closed the year with low vacancies, high asking rents, and positive net absorption. Strong economic growth in Boston stems from technology, life sciences and biotech industries – boosting jobs and the local population, leading to a sharp increase in prices for renters and buyers. What drives prices higher is the competition in the market for quality assets. Rates remain friendly for borrowers, and capital has been easy to obtain. In addition to debt financing, the market has been flooded with capital from institutional and foreign investors, not to mention extension of the EB-5 program. A period of intermediate stability: Based on the balance of the high prices with strong fundamentals, the market appears to be approaching a period of intermediate stability. Prices in the Boston market don’t have much room to grow given the historically low cap rates, but the economy doesn’t appear to be slowing either. With volatility and uncertainty in the market, it is difficult to predict what 2016 will hold this election year. Political outcomes may have significant long-term effects on the economy and the strength of the real estate market. Matthew Jones, CPA is a manager at DiCicco, Gulman & Company, Woburn, Mass.
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Appraisal Multi-family…How much further, how much faster? Multi-family real estate – MFRE for the purposes of this article – has been and still is a nice place to be if you are to be in real estate. With the surge in housing in most markets, landlords are happy with full buildings and tenants paying whatever the asking rent is. This scenario plays itself in many New England markets. Investors love multi-family. Can’t lose. But lately, some observers are sounding mild alarms about the continued unbridled growth in MFRE in the Greater Boston Markets. What are some of the main general concerns that we should have about MFRE markets? The Fed has moved rates up and they will continue to tick up as the Fed tried to balance growth with an interest rate cushion against the next recession. The Fed promises to be transWilliam Pastuszek, Jr. parent and predicable. Predictable is good. Risk is inevitable. Uncertainty is bad. The Fed is Shepherd Associates not the problem. There’s plenty of money available to buy or refinance. Bankers can’t resist lending on MFRE. The best lenders compete robustly, not only for the best deals but for deals. The rest of the pack hopes to tie up some deals with enough pot sweetening and appraised values high enough. There may be too many partygoers to fit in the room. This is a potential problem. Undisciplined debt helped create the last downturn. A major investor survey suggests that the beginnings of a correction may be in the offing. It reports that enthusiasm seems to have throttled down since end of 2015. The sense is that pricing is at or near peak levels in most major metropolitan area markets. The influence of aggressive foreign investment signals caution. Too much money chasing too few deals will breed what might look like a market bubble in hindsight. Anecdotal evidence suggests many equity investors and lenders are laying back or at least trying to buy and lend smarter, both of which are hard to do in a market of limited inventory and toothy demand. The smart ones are happy with their take this time around. Seasoned investors who find prices to be increasingly unsustainable in an uncertain future let the rookies, speculators, and investors investing at any price rush in. That sort of activity at a market peak is a problem waiting to happen.
• for full story visit nerej.com • William Pastuszek, Jr., MAI, SRA, MRA is the principal of Shepherd Associates, Newton Center, Mass.
Shepherd Associates Real Estate Consulting and Appraisal Services
Commercial/Industrial/Land Litigation Support Disposition/Acquisition Regulatory Audit/Appraisal Review 199 WELLS AVENUE, SUITE 201 NEWTON CENTRE, MA 02459 (617) 928-1778 • FAX (617) 663-6208 e-mail:
[email protected] website: www.shepherdnet.com
William J. Pastuszek, Jr., MAI, SRA, MRA
Spring/Summer 2016
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Architect It is the mixing of old and new that has made Boston attractive to residents and newcomers Spring forward! What do you think about spring? It has been a mild winter and the construction activity never seemed to slow down so the transition to spring is not a huge change this year. The main focus in the news is the presidential primaries and the strange happens on that front but in the real estate industry the news is all about rising prices. The prices recorded for some recent sales, both the larger commercial transactions as well as home prices, show a strong demand in our area. The value is there today but some speculate we cannot sustain these levels. You can look at a variety of factors that contribute to the strong real estate market. According to the Fed, family finances which peaked in the third quarter of 2008, have almost returned David O’Sullivan to that level. They report that household net worth is now at a record $86.8 trillion and that O’Sullivan shows household balance sheets are looking good and is money out there to acquire and invest Architects in real estate. When you look are several factors related to the building industry, similar to what the Federal Reserve Bank of Atlanta did with their Housing Market Recovery Spider Graph, it looked at factors such as job growth, consumer confidence index, housing permits and starts, existing home sales median household income and unemployment and compares years 2007-2015. Most of those factors point to improvement in areas of demand and absorption. It also exposes some issues on constraints such as limited supply. This is just what we see in our local area. There are signs of some segments of economy not increasing the way it was hoped and that is reflected in the Fed decision to not raise short term interest rates. We all know every market is local but today the world economy also plays a role everywhere. In Boston, with its diverse economic base, its large percentage of foreign investment and buyers, we have to look beyond the local factors when analyzing a development for success. The city of Boston as well as adjacent Somerville, Quincy and Cambridge are all adding population as well as office/retail space which is fueling demand for developments.
• for full story visit nerej.com • David O’Sullivan, AIA, is the president of O’Sullivan Architects, Inc., Reading, Mass.
606 Main Street, Suite 3001 Reading, MA 01867
(Just across street, above Northern Bank)
781.439.6166
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New England Commercial Real Estate Semi-Annual Guide
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Attorney Interpreting federal and state housing and subsidy discrimination law The Massachusetts Supreme Judicial Court (SJC) recently issued a decision of national importance rejecting a housing and subsidy discrimination lawsuit brought by tenants against the owners of their apartment complex - - Burbank Apartments Tenant Association v. Kargman, No. SJC11872 (April 13, 2016), in which the owners were represented by Krokidas & Bluestein of Boston. The tenants claimed that the owners violated state and federal law when they did not renew the development’s federal project-based Section 8 subsidies following payoff of their 40-year mortgage, and instead elected to provide subsidies to qualified tenants under HUD’s tenant-based Enhanced Voucher subsidy program, all as permitted by federal and state law. In rejecting the tenants’ claims, the SJC ruled that Massachusetts subsidy discrimination Janet Steckel law requires that residential rental property owners not discriminate against public assistance Lundberg recipients in general, not that they must provide the best, or any particular, form of rental Krokidas & Bluestein assistance. Thus, the fact that the owners chose to provide Enhanced Vouchers rather than project-based assistance was not actionable under the subsidy discrimination statute. Turning to the tenants’ argument that the owners’ decision had a disparate impact on protected classes, the SJC ruled that, although such a claim is cognizable under federal and state housing discrimination law, even where the owners’ actions satisfied federal and state law and contracts, the tenants’ disparate impact claims were unsupported and speculative under the recent U.S. Supreme Court decision in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc., 135 S.Ct. 2507 (2015). Because the Burbank owners had obtained Enhanced Vouchers for all qualified existing tenants, and had even obtained Enhanced Vouchers for previously unsubsidized tenants, the court held that none of the owners’ alleged actions justified the imposition of disparate impact discrimination liability. As a result, the SJC upheld the dismissal of all claims against the owners.
• for full story visit nerej.com • Janet Steckel Lundberg is a partner at Krokidas & Bluestein, LLP, Boston, Mass.
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Commercial Mortgage
Why use a commercial mortgage broker? To help maximize your loan dollars With the range of lending sources available today to the real estate developer and owner, the question is always asked, why use the services of a commercial mortgage broker? The answer is there is a myriad of financing sources available as well as program options, and it really requires the services of a firm with a solid history in the field to sort out what is best for the client, as opposed, to what is best for the lending source. The development process is time consuming enough that the cost for the services of the mortgage broker are more than offset by the choices brought to the table and the time saved for the developer, freeing him or her up to devote to the primary task at hand-creation of value. A mortgage broker can arrange financing for any property type and any ownership structure regardless of size-whether it is permanent debt, bridge, construction and development, joint venture, tax credits or equity financing. The list of funding sources runs the gamut from banks, credit union, and agencies to pension plans, REITs, and individual investors. Many people confuse mortgage brokers with mortgage bankers. Mortgage bankers will close loans with their own funds and then sell the loan to a third party that has agreed to purchase the deal before the mortgage banker has closed the loan. Mortgage bankers will continue to service the loan but take no risk of loss. Mortgage brokers arrange financing between the borrower and the lender. The mortgage broker takes no risk of loss and does not service the loan. The mortgage broker is probably more objective in his choice of lenders because of this need to find the best deal for the client. Since 1994, the commercial division of PHH Home Loans has been involved in arranging favorable financing for real estate related transactions. Over half of our volume has always been repeat business. We pride ourselves on the diversity of our client base which includes small family owned real estate professionals and major regional and national developers and builders. We deliver cost-efficient, creative financing options to our clients. By establishing relationships with a number of capital resources, we can offer up to-the-minute information on the changing requirements of lenders and if necessary, access alternative resources.
• for full story visit nerej.com • Sidney Spiegel is the vice president of commercial division, PHH Home Loans, Waltham, Mass.
cReative soLutions FoR ReaL estate Financing needs
COMMERCIAL DIVISION
Permanent Loans: LocaL & RegionaL expeRtise: Since 1994 the Commercial Division has been involved in arranging financing for Real Estate related transactions.
can Finance any pRopeRty stRuctuRe:
Property types include: condominium construction, single family subdivision, office, retail, assisted living, hotel & specialized properties.
ReLationships aRe the Basis oF ouR Business:
Whether it is relationships with our capital sources or with our clients, we are constantly striving to improve our dealings.
• Office Buildings • Retail Centers • Industrial Buildings • Apartment Buildings - Agency & Conventional - Bridge Loans
ConstruCtion Loans:
• Office Buildings • Retail Centers • Industrial Buildings • Apartment Buildings - Agency & Conventional
Land acquisition / deveLopment / constRuction Loans: • Subdivisions / Condominiums
Wind & soLaR eneRgy
• Single Family Spec Houses
• Construction & Permanent Loans
tax exempt Bonds / tax cRedits sBa Loans Sid Spiegel
Vice President - Commercial Division Phone: 781-684-5712
[email protected] 400 Fifth Ave., Suite 500 Waltham, MA 02451
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Condominium Attorney Condominiums and air rights In this article, I want to show that the condominium form of ownership can optimize the use of a parking lot adjacent to and owned by a religious institution. This is just one example of a creative use of condominiums and air rights. The entire site would become a condominium. The buildings on the site would be Unit 1 and the parking lot with a construction trailer on it would be Unit 2. The religious institution would convey Unit 2 to a developer by a Unit Deed and an Assignment of Air Rights. The Master Deed would provide that the construction trailer would be replaced by a two or three story townhouse development built on the air rights above the parking lot. The reason for the construction trailer is that, in Massachusetts, undeveloped land can not be a Unit. There must Saul Feldman be a structure with walls and a roof on the land. A construction trailer satisfies this requireFeldman Law Office ment under Chapter 183A, the Massachusetts Condominium Statute. The developer as the owner of Unit 2 needs the right, without the consent of any party, to demolish the construction trailer and to construct townhouses over the parking lot. Each townhouse would be Unit 2A, Unit 2B, Unit 2C and so forth depending on the number to be built. This will require an amendment to the master deed, an amended site plan and floor plans. A well drafted master deed can provide for this without any problems, as long as the developer of the townhouses is able to obtain the zoning approvals (e.g., variances for height and density) required and the consent of the developer’s construction lender. While zoning is often a problem, the consent of the lender is made easier because air rights are an interest in real estate and the lender will therefore be able to obtain title insurance for the air rights. The foregoing is obviously an over-simplification. For example, the site may presently consist of a religious school and a temple. There may be reasons to separate the religious school from the temple. To achieve this, Unit 1 could be the temple, Unit 2 the religious school, and Unit 3 the townhouse development. In any event, none of this is rocket science with the right development team! The condominiumizing of the entire site and the sale of air rights is a way for a religious institution to gain significant funds while retaining its buildings and for a developer to acquire a valuable site which he could not otherwise acquire and develop. It can be a win-win situation for both parties.
• for full story visit nerej.com • Saul Feldman, Esq., is an attorney with Feldman Law Office, Boston, Mass.
CONDOMINIUM law Feldman law OFFice Experience with residential, commercial, and mixed-use condominiums throughout Massachusetts since 1968; from 2 unit condominiums to condominiums with over 300 units, on registered and recorded land. Contact:
Saul J. Feldman, Esq.
[email protected] OR
Angel Kozeli Mozina, Esq.
[email protected]
Feldman law OFFice
REAL ESTATE / CONDOMINIUM LAW 185 Devonshire Street, Suite 400, Boston, Massachusetts 02110
617 523-1825
www.FeldmanRELaw.com
Spring/Summer 2016
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Counselor Sharing traction in the markets with differentiation The moderate positive trends in jobs, income and inflation continue to favor economic fundamentals impacting commercial real estate performance and investment. Velocity, volume, absorption, pricing and occupancy are broadly consistent with positive macroeconomic trends. However, competition has sharpened in most local property submarkets. Differentiation is important to share in the traction. Cost effective strategies with enhanced services are apparent in the regional property submarkets and the property packages are continually evolving. Beyond rent concessions, hardwired building services, onsite 24-7 concierge and arranged accessibility and mobility alliances are a few that are gaining traction. Hardwired building services threshold with ubiquitous and dependable high speed interDavid Kirk net, both secure and wireless, and if necessary supported by cable or dish connections. Other Kirk & Company basic utility connections such as power and water should be competitive to better in capacity, continuity, connectivity and accessibility. Flexibility and generosity in subdivision and tenant improvements, certainly not new ingredients to getting the deal done, are ever more important in the competitive market. Building services warrant a fresh look with changing professional workforce and startups that thrive in 24-7 environment. Cleaning, emergency maintenance and repair and concierge-like services can differentiate the offering both in hotter and weaker submarkets. Accessibility and mobility have new priority meanings for differentiating property offerings. Food and grocery trucks, health, fitness and grooming services on wheels and other mobile services enhance locations and can often be arranged cost effectively. Occasionally, financial support, at least initially, is justified. Mobility is now defined by the shareconomy. Shuttles, bicycles, scooters and cycles must be accommodated onsite. Opportunities for alliances with local or regional transportation service providers have proliferated. The bus stop at the property line is still a major plus; however, strategies for competitive accessibility and mobility can be more creative. Sharing traction in the highly competitive property markets with differentiation has revised meaning and new strategies. Being nimble and creative can significantly enhance the market position and marketability of the bricks and mortar. Get the check list out! Be a marketer for the new millennium!
• for full story visit nerej.com • David Kirk is principal and founder of Kirk & Company, Real Estate Counselors, Boston, Mass.
David S. Kirk, CRE®, MAI®, MAI David S. Kirk, CRE && Brett Pelletier Brett Pelletier David S. Kirk, CRE®, MAI & Brett Pelletier
KK IRK & COMPANY IRK & COMPANY Real Estate Counselors Real Estate Counselors
Counseling, Valuation, Due Diligence, Counseling, Valuation, Due Diligence, Fiduciary Services, Counseling, Valuation, Due Market Diligence, Services, Fiduciary Services, & Fiduciary Feasibility Market & Feasibility Analysis, Litigation Support Market &Analysis, FeasibilityLitigation Analysis, Litigation Support Support Summer Street, Street, Suite 99 99 Summer SuiteM120 M120 Boston, MA 02110-1256 Boston, MA 02110-1256 www.KIRKCO.com www.KIRKCO.com Phone (617) 261-7100 Fax (617) 261-7910 Phone (617) 261-7100 Fax (617) 261-7910
[email protected] [email protected]
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Insurance Environmental exposures and real estate There are many aspects of risk that real estate firms face today in the course of acquiring, selling, managing, developing or redeveloping property. It is critical for a real estate owner to identify environmental risks. Real estate firms spend a significant amount of money to mitigate risk by crafting contractual language to address their concerns. This may address some of the exposure but not all. The use of environmental insurance programs can be designed and implemented to provide protection to backstop contractual language as well as providing coverage for those areas where contractual wording may not go far enough. There is mounting pressure from lenders today regarding environmental exposure. Their assessment of environmental risk Spencer Macalaster is much more stringent and could be the difference in whether the lender makes funds available Risk Strategies Co. in a transaction. In addition to lenders, other investment funds and private equity investors are also concerned about the impacts of environmental risks that could affect the valuation of the asset and put the Directors and Officers at risk. Negative press in the media has created awareness with tenants, condo owners, condo associations and community groups that want to ensure an environmentally friendly property. Environmental enforcement has become more aggressive with additional funding from the government. Most recently, real estate firms have faced high profile environmental exposures such as legionella, mold and indoor air quality issues brought about through awareness in the media. PCB’s in caulking, asbestos, lead, Chinese Drywall, aboveground storage tanks, underground storage tanks, refrigerants and mishandling of maintenance detergents are other areas that have impacted the real estate industry recently. For example, one of the larger events that have affected real estate firms recently was during the construction boom between 2004 and 2007. Chinese drywall was brought into the United States due to a lack of gypsum material. This shortage was brought on by the Florida hurricanes in 2004 and 2005. The amount of drywall brought in during that period was enough to build 60,000 average sized homes. These materials contained chemicals that emitted a smell like sulfur and corroded electrical wiring, copper piping and other metal components that could cause health problems.
• for full story visit nerej.com • Spencer Macalaster is executive V.P. and real estate practice leader with Risk Strategies Company, Boston.
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For more information about Risk Strategies Company and their solutions, contact Spencer Macalaster at (617) 330-5705 or
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
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NH Broker The first quarter has been robust this year April brings Q-2-16. We have found the first quarter to be robust this year. Lots of activity, both in brokerage and advisory services. But while activity is good, it does not always translate to a sale or a lease. Yet, more activity is always better than less activity in the commercial real estate sector. In the background are Donald Trump, Bernie Sanders and Hillary Clinton (along with Ted Cruz). It certainly is a curious and entertaining time. It prompts one to ponder what the election may do to confidence and how it may impact the overall economy. But that is in the future and largely out of our hands, so we at Norton Asset Management and Harrington & Reeves focus on the business at hand, which means setting up showings, working on deal terms, coaching Bill Norton folks on what is in their best interest, which is not just about money, as other deal terms can be Norton Asset Management, Inc. as stimportant, or even more important, than the final money terms. Like so many things in the 21 Century, financial terms are important, but flexibility is critical, and thus is worth paying for. We hear and read about young Millennials who are choosing not to buy homes because they don’t want to be tied down (or feel they can’t afford to be). In the go-go days when home prices just kept rising, a home was almost a liquid asset but not so much anymore. In one region, smaller, cheaper homes under $275,000 sell very quickly, so they could be considered to be somewhat liquid. But bigger more expensive homes are much less so. On a recent trip to Alabama, I met a gentleman who was tickled pink to be selling his house in Oklahoma for $300,000 - after seven years and for nearly $100,000 less than his asking price! He would pay off his mortgage and have slightly more than $100,000 cash left over, hence his move to a lower-cost state. During the heydays of the eighties and early 2000s, commercial buildings were in demand with prices rising and they too could be traded quickly. But then the recessions came and it was very difficult to sell, and then only with a steep discount. Since the Great Recession of 2009, there has been very little new construction or new development. While office demand is still sluggish due mostly to technology efficiencies and firms simply choosing to do more with fewer employees, high-bay manufacturing space is suddenly in demand. About 20% of leases roll each year, so there is always some turn in each sector (high-bay, office, retail, etc.).
• for full story visit nerej.com • Bill Norton, CRE, FMA, Hon. NH AIA, Norton Asset Management, Inc., Manchester, NH
Back on the Market! 16 Foundry St. Exit 16 at I-93 Concord, NH 14,000± SF was built out by Kaplan Education/Hesser College with classrooms, labs, offices and administrative space. Ideal Professional, Medical or Dental Office Space Condominiums from 1,580 SF to 22,000 SF.
For Lease or Sale
Call or email for more information. Bill Norton, CRE 603-625-9628
[email protected]
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New England Commercial Real Estate Semi-Annual Guide
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Property Management Contrary to popular belief... I guess I’m a bit of a contrarian when it comes to questions of the economy and the longrange outlook. That tendency comes out as a result of my more than three decades in the property management profession. In short, contrary to popular belief, upturns or down, smart property managers can always realize income growth. In this new year, we’ll continue to see an economic improvement. The market will continue to improve and multifamily will again in 2016 lead the way with vacancy rates going even lower than they’ve been and rents remaining strong. We’ll see a continuation of the dichotomy between CBD and suburb in the face of shifting demographics. Millennials, this generation where rental is king, will continue to seek the walk-to-the-action of their live/work/play Christopher Mellen lifestyles and Boomers will continue to sell their homes to be near their kids and adapt that Simon Companies lifestyle themselves. On the office side of the equation, the market also continues to strengthen, especially in the CBD. But this is true as well in the beleaguered suburbs. While we’re still experiencing a 14 or 15% suburban vacancy, which is certainly not good, we’re starting 2016 with a scenario that’s brighter than at the end of the recession, and I see in both downtown and in the suburbs vacancies continue to whittle down. As for 2017, the office side of the market will need watching, as I expect the sector will experience a softening. The good news here is that there’s not the same supply or new construction we were left with at the start of the last downturn, which will at least minimize the burden of a lot of new unleased property. As for multifamily, the sector will be riding the crest of this year’s expanding rental market, especially as driven by the above-mentioned demographic shifts. Nonetheless, while the sector is poised to best sustain any softening, I do have reservations for 2017 as the economic tide slowly starts to turn and we enter a year of equilibrium. But here’s where my contrarian thinking kicks into gear. While the fortunes--literally and figuratively--of so many commercial real estate market segments are tied to the ebb and flow of the economy (ask any broker), property managers are uniquely positioned to prosper in all kinds of conditions. I really do believe that, for creative property managers, there’s actually job security in downturns.
• for full story visit nerej.com • Christopher Mellen is vice president of property management division, Simon Companies, Braintree, Mass. 639 Granite Street Braintree, MA 02184 781-848-2500
639 Granite Street Braintree, MA 02184 781-848-2500
Professional Developers, Owners and Managers of Commercial and Multifamily Professional Developers, Real Estate Since 1966. Owners and Managers of Commercial Multifamily Contact us toand learn how our
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Spring/Summer 2016
New England Commercial Real Estate Semi-Annual Guide
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New England Restaurant Broker When you need a restaurant specialist The National Restaurant Exchange helps you close more deals It’s amazing how many food and beverage businesses dot the landscape. If it’s true that “small business drives our country”, then restaurants are the life-blood of our society. No matter where you go, look to your left, look to your right…convenience stores, liquor stores, fast food, slow food, pubs, full-service, nightclubs, function facilities, ad naseum. Then you can break them down into chains, into ethnic subsets…every downtown, every shopping center, most office complexes…“my God, they’re everywhere.” As a commercial broker, or even a residential broker, you’ll come into a situation where you’ll list a food or liquor operation. But with listing, you have made a commitment to help that owner, who many times, is in distress. You can do more damage than helping if you’re not Dennis Serpone up-to-date on the ever-changing dynamics of the industry. Trends are changing, government New England Restaurant Brokers regulations are changing, competition is increasing, financing is a major problem, landlords are indifferent, and working with lawyers are many times a force that requires the patience and concentration of a watchmaker. There is a bigger issue that relates directly to the Seller…how much is his business worth? Does the Seller know? We know what he ‘wants’, but is that a realistic number? In order to answer that question, you have to know what his business is worth in today’s market. That number is a function of an all-cash deal, bank financing, seller financing, lease negotiations…and more importantly…market value. Fortunately, you don’t have to worry about all that. New England Restaurant Brokers and our newest division, the National Restaurant Exchange, has sold hundreds of restaurants in the last 36 years, many co-brokered with folks just like you. We’ve been consultants, expert witnesses, and a nationally recognized industry authority. Let us prove that we’re your best industry friend. Dennis Serpone is president of New England Restaurant Brokers and The National Restaurant Exchange, Wakefield, Mass.
FREESTANDING PRIME FAST FOOD BLDG. “When was the last time you could buy a business and real estate for ONLY THE REAL ESTATE VALUE?” SUPREME DONUTS & MORE (real estate included)
LOCATION: 102 Rockdale Ave., New Bedford SELLING PRICE: Selling for only the Town Assessment of $350,000 SQUARE FOOTAGE: Bldg. is approx. 1,700 sf ... land is 10,000 sf HOURS OF OPERATION: Most days: 4:30 am - 8 pm SEATING: 22 Seats COMMENTS: 4 LEGAL slot machines generate huge profits - The ideal buyer is a baker or an existing coffee, breakfast shop owner desiring another location. VALUABLE Drive-thru. If you’re bankable, if you’re ready to work to make incredible profits, call Dennis at (617)721-9655 or email me at
[email protected]. Dennis Serpone, President NEW ENGLAND RESTAURANT BROKERS and the NATIONAL RESTAURANT EXCHANGE “Specializing in the sale of food & liquor businesses for over 36 years” 580 Salem St., Ste. 32, Wakefield, MA 01880 • Cell: (617) 721-9655
[email protected] • www.NERestaurantBrokers.com
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REDUCED OXYGEN REDUCED OXYGEN INTAKE AND INTAKE AND REDUCED OXYGEN REDUCED OXYGEN DECREASED DECREASED BLOOD INTAKE AND INTAKE AND BLOOD CIRCULATION DECREASED DECREASED CIRCULATION REDUCED OXYGEN BLOOD REDUCED OXYGEN BLOOD CIRCULATION INTAKE AND INTAKE AND
CIRCULATION DECREASED REDUCED OXYGEN BLOOD INTAKE AND REDUCED OXYGEN CIRCULATION DECREASED INTAKE AND BLOOD DECREASED CIRCULATION BLOOD CIRCULATION
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INCREASED INCREASED BLOOD BLOOD PRESSURE INCREASED PRESSURE AND HIGH BLOOD AND HIGH INCREASED BLOOD SUGAR PRESSURE BLOOD SUGAR BLOOD INCREASED AND HIGH PRESSURE BLOOD SUGAR BLOOD INCREASED
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behavior with your dailyyou jobthe activities. InMovement brings products and services you need to unite healthy and services you need to unite healthy InMovement brings you the products InMovement brings you the products and services you need to unite healthy behavior with your daily job activities. InMovement brings you the products Elevate behavior with your daily job activities. and services you need to unite healthy Elevate and services you need unite healthy behavior with your to daily job activities. DeskTop™ DT2 and services to unite healthy Elevate behavioryou withneed your daily job activities. DeskTop™ DT2 behavior with your daily jobElevate activities. Generous work DeskTop™ DT2 Generous work behavior with your daily job activities. Elevate surface a DeskTop™ DT2for Generous surface forwork a Elevate DeskTop™ DT2 Elevate fully functional Generous work surface for a fully DT2 functional Elevate DeskTop™ Generous work workstation DeskTop™ DT2 fully functional workstation surface for a DeskTop™ Generous work surface forDT2 a Elevate Generous work workstation Elevate Generous work surface for a fully functional fully functional DeskTop™ DT2 surface forforaDT2 surface a fully functional workstation DeskTop™ workstation Generous work fully functional workstation fully functional Generous Life Fitness surface forwork a workstation Life Fitness workstation surface for a TreadMill Desk™ fully functional Life Fitness TreadMill Desk™ fully functional 45 LifeBacked Fitness by workstation TreadMill Backed byDesk™ 45 Life Fitness Life Fitness TreadMill Desk™ years of industry workstation Backed 45 years ofby industry TreadMill Life Fitness Backed byDesk™ 45 leading design TreadMill Desk™ years ofdesign industry leading Life Fitness Backed 45 TreadMill Desk™ years ofby industry Backed by 45 leading design years ofby industry leading design Backed 45 TreadMill Desk™ years of industry Life Fitness leading design years of industry Backed bydesign 45 Life Fitness leading leading design TreadMill Desk™ years of industry TreadMill Backed byDesk™ 45 leading design Backed 45 years ofby industry years of design industry leading leading design
BIIGG CCHHAA N G E B N G E BBIIGG CCHH AA NN GG EE GE E B IBGI GC CHHAANNG T TO O
T TO O T O A 2015 customers small the workday InMovement can create a big impact. SAsurvey M A of LInMovement L MOV E M Erevealed N T that CA N changes L E Ato T O through A 2015 survey of InMovement customers revealed that small changes to D the workday through InMovement can create a big impact. 2015 survey of InMovement customers revealed that small changes to the workday through InMovement can create a big impact.
S M A L L AM V survey E Mof E NT C Arevealed N Lthatthat Esmall A D TtotoOthe 2015O survey of InMovement customers workdaythrough through InMovement create big impact. A 2015 InMovement customers revealed smallchanges changes the workday InMovement cancan create a bigaimpact. CHANGED RECOMMEND A 2015 survey of InMovement customers revealed small changes to the workday through InMovementWOULD can create a big impact. OF PEOPLE CHANGED WOULD RECOMMEND SMALL MO V E M E N T OF CPEOPLE AHABITS N L that EA D TO WORK INMOVEMENT WORK HABITS INMOVEMENT OF that PEOPLE CHANGED RECOMMEND 99% 98% A 2015 survey of InMovement customers revealed small changes to the workday through InMovement can WOULD create a big impact. WORK HABITS INMOVEMENT 98% S M A L L M O V E99% ME N T C A N L E A D T O A MORALE BOOSTER A FUNDAMENTAL CHANGE A MORALE BOOSTER A FUNDAMENTAL CHANGE S2015 Msurvey A LofLInMovement MOV E Mbehavior E Nand Ttransforming C small A Nchanges LE T Othrough Cultivating positive connections employee wellness. Changing workplace culture. 99% 98% customers revealed that toA theD workday InMovement can create BOOSTER a through big impact. Cultivating positive through employee wellness. Changing behavior and transforming workplace culture. Aconnections MORALE A FUNDAMENTAL CHANGE
99% 99%
OF PEOPLE CHANGED WORK HABITS OF PEOPLE CHANGED WORK HABITS OF PEOPLE CHANGED A FUNDAMENTAL CHANGE WORK HABITS Changing behavior and transforming workplace culture. A FUNDAMENTAL CHANGE Changing behavior and transforming workplace culture. OF PEOPLE CHANGED Changing behavior and transforming workplace culture. A FUNDAMENTAL CHANGE InMovement customers revealed that small changes to the WORKbehavior HABITS Changing and transforming workplace culture.
B98% IG CHANGE B G C CH HA AN NG GE E 98% B II G
WOULD RECOMMEND INMOVEMENT WOULD RECOMMEND INMOVEMENT WOULD RECOMMEND A MORALE BOOSTER INMOVEMENT Cultivating positiveAconnections through employee wellness. MORALE BOOSTER Cultivating positive connections through employee wellness. 90% Report influence on other behaviors 90% Report influence on other behaviors WOULD RECOMMEND Cultivating positive connections through employee wellness. 90% Report influence on other behaviors A MORALE BOOSTER 69% Increase job satisfaction 69% Increase jobon satisfaction A 2015 survey of workday through InMovement can create a big impact. 90% Report influence other behaviors INMOVEMENT Cultivating positive connections through employee wellness. 69% Increase jobon satisfaction 90%69% Report influence other behaviors Increase job satisfaction A 2015 survey of InMovement customers revealed that small changes to the workday through InMovement can create a big impact. OF PEOPLE CHANGED RECOMMEND 69% Increase satisfaction 90% WOULD Report influence onjob other behaviors WORK HABITS INMOVEMENT A MORALE BOOSTER 69% Increase job satisfaction A FUNDAMENTAL CHANGE Cultivating positive connections through employee wellness. INCREASED SENSE Changing behavior and transforming culture. INCREASE IN EMPLOYEE OF PEOPLEworkplace CHANGED WOULD RECOMMEND INCREASED SENSE OFOF INCREASE IN EMPLOYEE INCREASED SENSE OFOF EMPLOYEE WELL-BEING INCREASE IN EMPLOYEE PRODUCTIVITY OF PEOPLE CHANGED WOULD RECOMMEND INCREASED SENSE WORK HABITS INMOVEMENT INCREASE IN EMPLOYEE A MORALE BOOSTER A FUNDAMENTAL CHANGE EMPLOYEE WELL-BEING PRODUCTIVITY 90% Report influence PRODUCTIVITY onPRODUCTIVITY other behaviors EMPLOYEE WELL-BEING EMPLOYEE WELL-BEING WORK HABITS INMOVEMENT INCREASED SENSE OF INCREASE IN EMPLOYEE Cultivating positive connections through employee wellness. Changing behavior and transforming workplace culture. 69% Increase job satisfaction INCREASED SENSE OF INCREASE IN EMPLOYEE A CONTAINMENT MEASURE A STRONGER WORKFORCE EMPLOYEE WELL-BEING PRODUCTIVITY A CONTAINMENT MEASURE A MORALE BOOSTER EMPLOYEE WELL-BEING A FUNDAMENTAL PRODUCTIVITY A STRONGER Cutting down on medical MEASURE costs and disability claims. 90% Report influence on other behaviors ACHANGE CONTAINMENT MEASURE Empowering companies toWORKFORCE attract, retain and A CONTAINMENT AA STRONGER WORKFORCE STRONGER WORKFORCE down on medical costscosts and culture. disability claims. Aconnections MORALE BOOSTER Cultivating positive through employee wellness. A Cutting FUNDAMENTAL CHANGE Changing behavior andCutting transforming workplace Empowering companies to attract, down on in medical and disability claims. motivate employees. Cutting down on medical costsMEASURE andphysical disability claims. 69% Increase job satisfaction Empowering companies to attract, retainretain and and Rise impact on health Empowering companies to attract, retain and A 73% CONTAINMENT A STRONGER WORKFORCE A CONTAINMENT MEASURE Cultivating positive A connections through employee wellness. motivate employees. Changing behavior and73% transforming workplace culture. STRONGER WORKFORCE motivate employees. 69% Reduction in pain and discomfort Rise in impact on physical health 73% Rise in impact on physical health 62% Reduction inemployees. stress levels 90% Empowering Report influence on other behaviors motivate Cutting down on in medical costs and disability claims. 73% Rise impact oncosts physical health Cutting down on medical and disability claims. companies to attract, retain and Empowering companies to attract, retain and 69%INCREASED Reduction inSENSE pain and discomfort 69% Reduction in pain and discomfort 17% Drop inon absenteeism OF INCREASE IN 62% Reduction in EMPLOYEE stress levels 90% Report influence other behaviors Reduction in stress levels 69%62% Increase job satisfaction 69% Reduction in pain and discomfort motivate employees. motivate employees. 62% Reduction in stress levels 73% 73% RiseRise in impact on on physical health in impact physical health 17% Drop in absenteeism 17% Drop in absenteeism EMPLOYEE WELL-BEING PRODUCTIVITY 69% Increase job satisfaction 17% Drop in absenteeism © 2015 InMovement. All rights reserved. All images and logos are properties of Reduction their Reduction respectivein owners. not include accessories or monitors. 69% 69% Reduction in pain and discomfort Reduction in pain and discomfort 62% stress levelsdo 62% inProducts stress levels INCREASED SENSE OF INCREASE INabsenteeism EMPLOYEE © 2015 InMovement. rights reserved.All All images images and properties of their respective owners. Products do not do include accessories or monitors. 17% Drop in absenteeism 17% Drop in © 2015 InMovement. AllAll rights reserved. andlogos logosare are properties of their respective owners. Products not include accessories or monitors.
99% 99% 76% 99% 76% 76% 99%
98% 98% 88% 98% 88% 88% 98%
76% 76% 76% 76%
88% 88% 88% 88%
76% 76%
88% 88%
© 2015 InMovement. All rights reserved. All images and logos are properties of their respective owners. Products do not include accessories or monitors. A CONTAINMENT MEASURE EMPLOYEE WELL-BEING PRODUCTIVITY A STRONGER WORKFORCE © 2015 InMovement.All All rights rights reserved. and logos are are properties of their respective owners. Products do not include or monitors. Cutting down on medical costs and disability claims. © 2015 InMovement. reserved.All Allimages images and logos properties of their owners. Products include accessories or monitors. INCREASED SENSE OF INCREASE IN EMPLOYEE Empowering companies torespective attract, retain anddo notaccessories INCREASED SENSE OF EMPLOYEE WELL-BEING INCREASE IN EMPLOYEE PRODUCTIVITY A CONTAINMENT MEASURE motivate employees. A STRONGER WORKFORCE 73% Rise in impact on physical health EMPLOYEE WELL-BEING PRODUCTIVITY Cutting down on medicalincosts and claims. Empowering retain and 69% Reduction pain and disability discomfort 62%companies Reduction to in attract, stress levels A CONTAINMENT MEASURE motivate employees. A STRONGER WORKFORCE 73% Rise in impact on physical health 17% Drop in absenteeism A CONTAINMENT MEASURE Cutting down on medical costs disability claims. A STRONGER WORKFORCE Empowering companies to attract, 69% Reduction in pain andand discomfort 62% Reduction in stress levelsretain and Cutting down on medical costs and disability claims. Empowering companies to attract, and accessories or monitors. employees. © 2015 InMovement. All rights reserved. All images and logos are properties of their respective owners. Productsretain do not include 73% Rise in impact on physical health 17% motivate Drop in absenteeism motivate employees. 73% Reduction Rise in impact on physical health 69% in pain and discomfort 62% Reduction in stress levels 69% Reduction in pain and discomfort © 2015 InMovement. All rights reserved. All images and logos are properties 62% of their respective Products do not include accessories or monitors. Reduction in stress levels 17% Drop inowners. absenteeism 17% Drop in absenteeism
For more information on workspace fitness solutions, please call 1-800-334-4733
© 2015 InMovement. All rights reserved. All images and logos are properties of their respective owners. Products do not include accessories or monitors. © 2015 InMovement. All rights reserved. All images and logos are properties of their respective owners. Products do not include accessories or monitors.
Retail locations: FRAMINGHAM, HANOVER, NEWTON, ATTLEBORO, MA; NASHUA, NORTH HAMPTON, NH
www.pfe-inc.com
Spring/Summer 2016
New England Commercial Real Estate Semi-Annual Guide
Sponsorship and Speaking opportunities available.
The 2016
STATE OF THE
Northern New England Market Summit June 7, 2016 Residence Inn Portsmouth 100 Deer Street, Portsmouth, NH 03801
Register today for early bird rate $79 Regular rate $119
Contact Rick Kaplan New England Real Estate Journal 800-654-4993, ext. 247
[email protected] Register at nerejnnemarket.eventbrite.com
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New England Commercial Real Estate Semi-Annual Guide
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With the Carpenters Union, we With thetoCarpenters Union, know what expect from the we know what to expect from the development phase to completion development of the project. phase to completion of the project. Mark DiNapoli President & General Mark DiNapoliManager Northeast Region President & General Manager SuffolkNortheast Construction Region Suffolk Construction
Long-lasting partnerships are born of shared values and vision. For Suffolk Long-lasting partnerships are born of shared values and vision. For Suffolk Construction and the New England Regional Council of Carpenters, Construction the bonds New England Regional Council ofexceptional Carpenters, those and common include well-trained workers, quality, those common bonds include well-trained workers, exceptional quality, collaboration, and a commitment to the communities in which we work. collaboration, and a commitment to the communities in which we work. and The Carpenters Union delivers a predictability that contractors The Carpenters Union delivers a predictability contractors andmore. developers can rely on – from timeframe tothat budget to safety and developers cannot relyonly on unique – fromintimeframe toindustry; budget to more. That’s the building it’ssafety uniqueand in any industry. That’s not only unique in the building industry; it’s unique in any industry.
The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org
NECU_DiNapoli_NEREJ_FullBW1.indd 1
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A supplement of the New England Real Estate Journal
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Auctioneers Directory
Paul E. Saperstein Company, Inc. .......................................29 AMG Auction Marketing Group ..........................................29 James R. St. Jean Auctioneers & Liquidators.................29 Robert Marcus Real Estate...................................................29 Sullivan & Sullivan Auctioneers.........................................29 Stanely J. Paine Auctioneers ..............................................30 Paul McInnis, Inc. ...................................................................30 Harv Levin, Inc. Auctioneers ................................................30 Daniel P. McLaughlin & Co., Inc..........................................30 Aaron Posnik Auctioneers Appraisers .............................30 Tranzon Auction Properties..................................................30 Berman Auctioneers & Appraisers ....................................31 John McInnis Auctioneers ...................................................31 Southcoast Auctions & Realty, Inc.....................................31
New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
29
NEREJ-AD16-AMG:NEREJ-AD08-AMG.qxd 3/31/2016 4:31 PM Auctioneers
28 Years of Auction Excellence
Bringing Buyers and Sellers Together The Paul E. Saperstein Co., Inc. (“PESCO”) has been New England’s preeminent auction and appraisal firm throughout our 50 years in business, since opening in 1963. We are committed to delivering the highest quality real estate and equipment auctions as well as appraisal services.
144 Centre Street, Holbrook, MA 02343 Phone: 617-227-6553
Fax: 781-767-9686
MA Lic 295, N.H 2508, R.I 4035, VT 057-0002204
Award winning Real Estate Marketing!
■ Residential ■ Commercial ■ Industrial ■ Land ■ Asset Sales ■ Municipal Auctions ■ Benefit Events www.amgss.com 800-209-3900
[email protected]
Dale W. Schaetzke, CAI, AARE, CES, GRI MA License #207, VT License #057-0002433, NH License # 5018
Visit our website at www.pesco.com
NEW ENGLAND’S LEADING AUCTION COMPANY SPECIALIZING IN ■
■ ■
Commercial, Residential & Industrial Real Estate Business Liquidations Online Auctions
Professional • Knowledgeable “Experience
“Experience and and dedication workingworking for you.” dedication for you.” Contact: Professional • Knowledgeable
Robert Marcus “Experience and dedication
[email protected] working for you.”
Contact:
James R. St. Jean AUCTIONEERS
45 Exeter Road, PO Box 400, Epping, NH 03042
1-800-639-1810
Robert
345 Boylston Contact: Street Marcus Newton, Marcus MA 02459 Robert
[email protected] MA Lic.#823
[email protected]
345 Boylston Street 617-277-1116
345 Boylston Street, Newton, Newton,MA MA02459 02459 MA Lic. #823
MA Lic.#823
617-277-1116
www.jsjauctions.com
NY Tel: 781-878-4540 Proof NE REal EstatE JouRNal Changes
New Proof
Proof Approved
COMMERCIAL & RESIDENTIALSize: REAL ESTATE ASection: UCTIONS one Block Guide ·RECOGNIZED LEADER
·RPatty EGIONAL from: run Date: 4-25
EXPERTS
WE’RE SERIOUS ABOUT SERVICE! OVER 25 YEARS OF FOCUS & EXPERIENCE
CHECK OUT NEW OUR MOBILE-READY WEBSITE! MASSACHUSETTS ● NEW HAMPSHIRE ● RHODE ISLAND
617-350-7700
SULLIVAN-AUCTIONEERS.COM
30
New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Auctioneers
MORTGAGEE’S FORECLOSURE AUCTIONS Friday, April 30, 2010 At 10:00 AM
Daniel P. McLaughlin & Company On the premises
65 DAn ROAD, CAntOn, MA 78,000 SF BuilDing On 6+ ACReS
New England’s Real Estate Auction Professionals
• Real Estate Auctions • Personal Property Appraisals and Valuation Services • Asset Recovery, Sales & Disposition Services • Offering Estate Services to Executors and Fiduciary Advisors • Webcast, Live and Online Auctions
Terms: $100,000 deposit in certified check, bank cashier’s check or cash at the time and place of the sale. Balance due within 45 days. For further information on these and other properties or to join our mailing list please visit our website: WWW.RE-AUCTIONS.COM All deposits must be in the form of certified check, bank cashier’s check or cash.
31 New Chardon Street Boston, MA 02114 617-646-1019
617-731-4455
www.PaineAuctioneers.com • MA Lic. #120 • NH Lic. #2779 • RI Lic. #0546
Real Estate Auctions and Brokerage Throughout the Tel: Northeast 781-878-4540 NE NY
Proof REalResults EstatESince JouRNal Delivering Superior 1976 New Proof
Changes
Proof Approved
Size: 2.91x3.16 1BLoCK Section: Guide from: Karen Dowell x254
[email protected] run Date: 4-24
www.paulmcinnis.com 1-800-242-8354 Paul McInnis, Inc. 1 Juniper Road North Hampton, NH 03862 FL License – AU3781;MA License – AU 205 ME License – AUC217;NH License – 2089 RI License – 3723;VT License – 057.0000603
PROOF Changes
(603) 436-8488
Harv Levin Fax (603) 436-6711
President website: P.O. Box 2114 (603) 436-8488 www.auctionsnewengland.com New Castle, NH 03854 Fax (603) 436-6711 auctionsnewengland.com
email:
[email protected]
SPECIALIZING IN REAL ESTATE P.O. Box 2114 • New Castle, NH 03854
• NH Lic. #2736 • MA Lic. #1541 ME Lic. #AUC957 • RI Lic. #7774 VT Lic., #057-0002209 FL. Lic. #AU 2301
NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
New Proof
Proof Approved
“Established in 1932’’
Size: 2.91x3.16 Section: Guide • Industrial Plants From: Karen Dowell x254 • Machinery • Construction Equipment • Run •Date: 4-29
• Commercial, Industrial & Residential Real Estate •
West Springfield, MA • Philadelphia, PA 413-733-5238 • 610-853-6655 TOLL FREE 1-877-POSNIK-1 (767-6451)
www.posnik.com
MA Auc. Lic. #161
The man with the “Golden Gavel”™
MA Lic. #835
www.RE-Auctions.com
31 New Chardon Street Boston, MA 02114 617-646-1019 • Fax: 617-646-1290 • MA Lic. # 835
PROOF Changes
PA Auc. Lic. # AY000241L
NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
New Proof
Proof Approved
207-775-4300 www.tranzon.com
Size: 2.91x3.16 1BLOCK Section: Guide From: Karen Dowell x254
[email protected] Run Date: 4-29
TRANZON AUCTION PROPERTIES SERVING CLIENTS IN NEW ENGLAND, NEW JERSEY & UPSTATE NEW YORK WITH OFFICES IN: PORTLAND, MAINE WAKEFIELD, MASSACHUSETTS WESTPORT, CONNECTICUT KENMORE, NEW YORK SOMERSET, NEW JERSEY
New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
Auctioneers
Have a Property You Need to Sell? We routinely deal with business inventory and capital equipment that needs to be sold as part of a business-liquidation. Over the years, we have dealt with every kind of major asset, including construction equipment, cars, trucks, boats and airplanes. We help a wide range of individuals, companies, attorneys and financial institutions achieve their financial goals through the timely sale of real estate, business and personal property.
North Shore’s Largest Auction House Specializing in the Sale of
Real Estate & Estates
We have a simple mission: work closely with each client to sell their property for fair market value in a timely manner.
www.mcinnisauctions.com
Call us today at 508-753-3989 or visit us on the web at www.BermanAuctions.com for a free
76 Main Street – Amesbury, MA 01913
consultation.
800-822-1417 MA #770 - NH #2182 ME #AUC840 - FL#AU2662
Mark H. Shear Auctioneer/Broker
201 Park Ave, Worcester, MA 01609 508-753-3989 • www.BermanAuctions.com
(Licensed in: MA, NH, VT, CT)
[email protected]
There are Two Ways to Sell Real Property – On the Market for Months or Off the Market in Minutes. Take Action! NE NY Tel: 781-878-4540 Have an Auction. The Auction Advantage! REal EstatE JouRNal
Proof Changes
New Proof
Size: 2.91x3.16 1B from: KD run Date: 04/26/13
Proof Approved
Section: NE CrG
Commercial & Residential Real Estate Auctions auctionzip.com – ID #5964
Southcoast Auctions & Realty, Inc. - George A. Collias A Reputation for Results – for over 30 years
(508) 679-7919
If you missed NE NY this spring PROOF REAL ESTATE JOURNAL New England Commercial Real Estate Semi-Annual Guide, be sure to let us know you will appear in the next winter guide Changes
New Proof
Proof Approved
Size: 6x3.16 2BLOCK Section: Guide From:Karen Dowell x254
[email protected] Run Date: 11-27
crop 2”
Tel: 781-878-4540
Call Karen Dowell, 781-878-4540, ext. 254
[email protected] www.nerej.com
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New England Commercial Real Estate Semi-Annual Guide
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2016 Spotlights New England Real Estate Journal
May 27
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Industry Leaders
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July 29
August 26
Mid-Year Review
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September 30
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New England Commercial Real Estate Semi-Annual Guide
Connecticut Directory
Commercial Lending ..............................................................34 CT Broker ..................................................................................34 CT Broker ..................................................................................34 Design Build .............................................................................35 Environmental Consulting ....................................................35 Brokers Directory .............................................................37-39
33
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New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
“I CLOSE “I CLOSE “ ILOANS.” CLOSE LOANS.” LOANS.” (Commercial Loans) (Commercial Loans) CT Commercial Lending
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Michael M. Ciaburri callhas Michael today! Michael M. Ciaburri has been a Bank President & CEO. been a Bank President & CEO. He knows the financial ropes He knows the financial ropes first-hand.
Michael M. Ciaburri Managing Partner
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203-605-4082
If you need commercial loan money, If you need commercial loan money, call Michael today! (Tel)
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Michael M. Ciaburri Managing Partner
www.weclosecommercialloans.com
203-605-4082 (Tel)
(Email)
Worth Avenue Capital LLC
[email protected] 203-605-4082 (Email) (Tel)
CT Broker
Michael M. Ciaburri Managing Partner
[email protected] (Email)
Worth Avenue Capital LLC
NY Tel: 781-878-4540 Worth Avenue Capital LLC Proof NE REal EstatE JouRNal Changes
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Located at the Intersection of Our Clients & their Needs
765 East Main Street Branford, Connecticut
CT Broker
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CT Design/Build
Excellence on Every Level Design / Build Services: Project Test Fits ❘ Project Estimating ❘ GMP Pricing Construction Documents ❘ Construction Services ❘ Tenant Improvements
Dacon Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 ❘ 508 651 3600 ❘ www.dacon1.com
Environmental Consulting
Bringing out the true value & development potential of properties throughout Connecticut BGTEnvironmEnTal (BGTE) is a full service environmental consulting firm
established in 2016 by Zoe A. Belcher, LG, LEP, with over 15 years of environmental assessment, remediation and Brownfield redevelopment experience. BGTE is fully insured and registered with the federal government and Connecticut as a women-owned small business (WOBE, WBE).
Service Areas • Phase 1 ESA • Site Investigation • Remedial Services • LEP Services • Brownfields Redevelopment 14 Cedar Meadow Rd. | Moodus, CT 06469
860-918-2280 |
[email protected]
If you missed this spring PROOF New England Commercial Real Estate Semi-Annual Guide, be sure to let us know you will appear in the next winter guide Changes
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NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
Call Annie McEvoy, 781-878-4540, ext. 242
[email protected] www.nerej.com
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Our partnership with the Our partnership with the the Carpenters Union provides Carpenters Union provides quality and consistency our the quality and consistency our company is known for. company is known for. Steve Cloud
Steveand Cloud President Owner President and Owner M. Frank Higgins & Company M. Frank Higgins & Company Newington, CT Newington, CT
The company you keep means as much professionally as it does personally. That’s why a partnership with the New England Regional Council of The company you keep as much professionally as it does personally. Carpenters can means be the difference between a successful project and a bad That’s why a partnership with the New England Regional Council union of reputation. With a professional, skilled, and dedicated workforce, carpenters deliver the most reliable alabor and quality to and contractors. Carpenters can be the difference between successful project a bad OurWith apprentice program isskilled, thriving,and anddedicated our experienced carpenters reputation. a professional, workforce, unioncan provide the the specialized skills needed complete project quickly. carpenters deliver most reliable labortoand quality your to contractors.
Our apprentice program is thriving, and our experienced carpenters can provide the specialized skills needed to complete your project quickly. The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org
The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org NECU_Cloud_NEREJ_FullBW1.indd 1
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CT Brokers ACRE Group, LLC P.O. Box 422 New Hartford, CT 06057 860-738-2222 Jacqueline Michelle Barrett
Bondi & Commercial 25 Witch Meadow Rd. Salem, CT 06420 860-887-3400 Ken Bondi
Academic Co-Realty Services 118 Whitfield St. Guilford, CT 06437 203-458-0550 Gregory Walwer, Ph.D
R. Calabrese Agency LLC 553 Plank Rd. Waterbury, CT 06705 203-573-0342 Ralph Calabrese Tony Valenti Bob Bowdoin
Advance Realty CT, LLC 192 Main St. Ste. 12 Bristol, CT 06010 860-585-5635 Joel Witkiewicz, CCIM Allyn & Associates, LLC 108 West Town St. Norwich, CT 06360 860-892-1335 Fred Allyn Jr., Fred Allyn III Arnold Peck’s Commercial World 680 Boston Post Rd Milford, CT 06460 203-877-1345 Arnold Peck Atherton Commercial 702 Bridgeport Ave., Ste. 301 Shelton, CT 06484 203-924-9400 Bryan Atherton Berkshire Hathaway Home Services New England Properties 172 West Main St. Avon, CT 06001 860-409-2245 Bruce Cagenello, CCIM Sam Macaluso, ICSC Gail Erickson
CBRE | New England 185 Asylum St., City Place 1, 31st Floor Hartford, CT 06103 860-525-9171 Jeffery Livingston Cheshire Real Estate 402 Highland Ave. Cheshire, CT 06410 203-250-6677 Suzzanne Robitaille
Commercial Services Realty 154 New Britain Ave. Ste. 201 Rocky Hill, CT 06067 860-721-0005 Peter D’Addeo, CCIM David Adam Realty, Inc. 28 Church Lane Westport, CT 06880 203-349-5005 Dow Realty Co. 943 Grand Avenue New Haven, CT 06511 203-776-0000 Jeff Dow
Coldwell Banker Commercial Scalzo Group 2 Stony Hill Rd. Bethel, CT 06801 203-744-7077
Drubner Commercial 500 Chase Parkway Waterbury, CT 06708 203-753-4116 John G. Famiglietti
Colliers International 864 Wethersfield Avenue Hartford, CT 06114 860-249-6521 Nicholas Morizio Keith Kumnick, Jay Wamester
DVB Commercial Realty, LLC 16 River St. Norwalk, CT 06850 203-855-8050 John Zervos
16 La Rovera Terrace, Ansonia, CT 06401
860-409-2245
[email protected]
Colonial Properties 200 Boston Post Rd. Orange, CT 06477 203-795-8060 Michael Richetelli Fred Messore Kevin Weirsman
Chozick Realty, Inc. 100 Wells St #1D Hartford, CT 06103 860-247-7400 Rick Chozick
Harpool Commercial Realty, LLC
Global Knowledge. Regional Expertise.
Colliers International 205 Whitney Ave., Ste. 300 New Haven, CT 06511 203-562-5000 Nicholas Morizio Keith Kumnick Jay Wamester
203-985-9911
[email protected] National Retail Site Selection Specialist acquiring single to multiple sites + sell/lease their excess property.
ERA Broder Commercial Group 43 North Main St. West Hartford, CT 06107 860-313-1300 Facility Concepts Corp 821 North Mountain Rd. Newington, CT 06111 860-953-3373 Rene Bernard
Contact Annie McEvoy to be listed for FREE!
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CT Brokers Fischer Real Estate Inc. 236 Boston Post Rd. Orange, CT 06477 203-795-5554, ext.304 Alan Fischer, CCIM, SIOR
Hodson Realty 6515 Main St. Trumbull, CT 06611 203-268-7743 Steve Hodson
One Century Tower New Haven, CT 06510 203-495-8000 L.A. Drinkwater Steve Witten
Gavlick Realty 100 Franklin St. Bristol, CT 06010 860-589-2900
H. Pearce Co. 393 State St. North Haven, CT 06473 203-281-3400 Barbara L. Pearce
Mathews Commercial 134 Highland Ave. Waterbury, CT 06708 203-753-5800 Gerry Matthews
William M. Hotchkiss Company 195 Church St. New Haven, CT 06503 203-772-3200 Richard Coote
The Matrix Corporate Center 39 Old Ridgebury Rd. Danbury, CT 06810 203-943-7788 Aaron Smiles
Geenty Group, Realtors 765 East Main St. Branford, CT 06405 203-488-1005 Kevin Geenty, Kris Geenty Godin Property Brokers 2030 Straits Tpke., Ste.5 Middlebury, CT 06762 203-577-2277 Ed Godin, Jr. Goodfellow Ashmore 26 Mill Plain Rd. Danbury, CT 06811 203-744-7025 Todd Payne Joseph Wrinn Harpool Commercial Realty 16 La Rovera Terrace Ansonia, CT 06401 203-985-9911 Shirely Harpool Hat City Real Estate, LLC One Ives St., Ste. 202 Danbury, CT 06810 203-628-7522 Michael McLachlan Hart Corp. 30 Tower Ln. #5 Avon, CT 06001 860-678-2222 Arthur Ross HK Group 243 Riverside Ave. Westport, CT 06880 203-454-8700 Tom Hill Realty & Investment One Broadcast Ln. Waterbury, CT 06706 Tom Hill, CCIM, SIOR
Geri Jacobson 35 Mile Creek Rd. Old Lyme, CT 06371 860-982-9296 Larry Katz Commercial Realty 71 East Ave., Ste. M Norwalk, CT 06851 203-853-4777 Larry Katz Levey Miller Maretz LLC 1768 Litchfield Tnpk. Woodbridge, CT 06525 203-389-5377 Steve Miller Kerin & Fazio, LLC 1129 Post Rd. Fairfield, CT 06824 203-259-9500 Christopher Kerin Londregan Commercial Real Estate Group P.O. Box 426 Old Saybrook, CT 06475 860-388-9100, ext. 1 Tim Londregan Lyman Real Estate Brokerage & Development 1160 Boston Post Rd. Westbrook, CT 06498 860-887-5000 Ron Lyman Marcus & Millichap 265 Church St., Ste. 201
MJB Real Estate Services 735 Boston Post Rd., East Westport, CT 06880 203-222-6200 Mark Brockwell Dan Johnson New England Retail Properties, Inc. 150 Hartford Ave. Wethersfield, CT 06109 860-529-9000 Mark D’Addabbo & Matt Halprin New Haven Group, Inc. 8396 Orange St. New Haven, CT 06511 203-773-3060 Steven K. Inglese HB Nitkin 230 Mason St. Greenwich, CT 06830 203-861-9000 Craig Way Morrow Realty, LLC 39 Washington St. Bristol, CT 06010 860-205-8640 Jeffrey Morrow Northeast Retail Leasing & Management Company 360 Bloomfield Ave. Ste. 208 Windsor, CT 06095 860-683-9000 Daniel Plotkin O, R& L Commercial
Contact Annie McEvoy to be listed for FREE!
[email protected]
Spring/Summer 2016
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CT Brokers 2 Summit Place Branford, CT 06405 203-488-1555 J. Richard Lee Pearce George J. Smith Commercial 247 Broad St. Milford, CT 06460 203-783-9999 Frosty Smith Barbara Pearce Pequot Commercial 15 Chesterfield Rd., Ste. 4 East Lyme, CT 06333
203-876-7507 Herbert Mehlman Reese Commercial Real Estate Services 2275 Silas Deane Hwy. Ste. 300 Rocky Hill, CT 06067 860-721-900 Dale Reese CCIM, CPM®, RPA Ryer Associates 103 Mill Plain Rd. Danbury, CT 06811 203-797-0200 Jeff Ryer
Press/Cuozzo Realtors 2751 Dixwell Ave. Hamden, CT 06518 203-288-1900 Stephen Press
Michael Rimkie 565 East Cotton Hill Rd. New Hartford, CT 06057 860-626-5029
Proto Group 114A Washington Ave. North Haven, CT 06473 203-234-6371 Lou Proto, Steve Patten
Saugatuck Commercial Real Estate LLC 9 Burr Rd. Westport, CT 06880 203-222-4190
Prudential Connecticut Capitol Region 970 Farmington Ave West Hartford, CT 06107 860-521-1741
Sentry Commercial 100 Pearl St., 14th Floor Hartford, CT 06103 860-528-0884 Mark Duclos, Sherri Thompson
Prudential Connecticut Fairfield County 1200 High Ridge Rd. Stamford, CT 06905 203-351-1500 Pyramid R.E. and Management 20 Summer St., 3rd Floor Stamford, CT 06901 203-348-8566 Norman Lotstein Bruce Sheldon Dick Palmer Realty3 CT Corporate Offices 130 Webster Square Rd. Berlin, CT 06037 860-828-3230 Adorna Carroll, Beth Smedick William Raveis Commercial 179 N. Broad St. Milford, CT 06460
Simon Real Estate Group Corporate Center West 433 So. Main St. West Hartford, CT 06110 860-313-5400 Mel Cody The Southpoint Group, LLC One Selleck St. Norwalk, CT 06855 203-307-0785 David Flayhan Speer Real Estate 151 Talman St. Norwich, CT 06360 860-859-3987 Sheri Speer Star Commercial Real Estate 275 Post Rd. East Westport, CT 06880 203-557-9111
Deborah Foehr Tower Realty Corp. 246 Federal Rd. P.O. Box 5242 Brookfield, CT 06804 Mick Consalvo Trevor Davis Commercial Real Estate 363 Main St., Ste. 502 Middletown, CT 06457 860-347-8738 Trevor Davis, Jr. U.S. Properties 5 Shaws Cove, New London, CT 06320 860-437-0101 Susan Howard Vidal/Wettenstein, LLC 719 Post Road East Westport, CT 06880 203-226-7101 Randy Vidal Bruce Wettenstein Scott Zakos Robert Lewis David Fugitt Von Ancken & Associates 211 State St. Bridgeport, CT 06604 203-366-1088 Robert Von Ancken William Raveis-Old Saybrook 33 Main St. Old Saybrook, CT 06475 860-395-3268 Williams Realty Services 143 Merrow Rd., Rte. 195 Tolland, CT 06084 860-872-4663 Alan Williams Worth Avenue Capital, LLC 171 Old Sachems Head Road Guilford, CT 06437 203-605-4082 Michael M. Ciaburri Francis T. Zappone Co. 37 Meriden Rd. Waterbury, CT 06705 203-757-1261
Contact Annie McEvoy to be listed for FREE!
[email protected]
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Massachusetts Directory
Southeastern Mass. Broker .................................................41 Western Mass. Broker...........................................................41 Metro West/Route 495 ...........................................................41 Architect....................................................................................42 Management ............................................................................42 Design/Build.............................................................................42 Accounting ...............................................................................43 Development ............................................................................43 Broker/Leasing Agent ............................................................43 Aerial Photography ................................................................44 EIFS .............................................................................................44 Civil Engineer, Land Planner, Surveyor .............................44 Brokers Directory .............................................................46-55
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Southeastern Mass. Broker
The Conrad Group, Inc.
100 Grandview Road, Suite #212, Braintree, MA 02184
Office (617) 328-1965 | Fax (617) 328-3021 www.theconradgroup.com Robert S. Conrad, President Paul McCourt, Senior Vice President, James McEvoy, Senior Vice President Peter H. Cooney, Senior Vice President Brian McDonough, Asst. Vice President
Western Mass. Broker Changes
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NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
Real Estate Management & Brokerage Services 41 Taylor St., Springfield, MA 01103
(413) 781-8000 / Fax (413) 781-2100 Email:
[email protected] URL:http://www.sdplotkin.com Bill Low • Evan Plotkin • David Wolos • Liam Reynolds Dan Moore • Jennifer Kiely • Wilfredo Lopez
Metro West / 495 Brokers NY Tel: 781-878-4540 Proof NE REal EstatE JouRNal Changes Size: 2 Block from: Patty run Date: 4-25
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MA Architect
Listening to your needs, desires and goals. www.osullivanarchitects.com
781-439-6166
MA Management Creating Communities Since 1951
Specializing in the management and development of apartment communities and commercial properties, delivering superior Creating Communities Since 1951 customer service and maintaining exceptional quality standards. Corcoran managed properties are characterized by thoughtful • Full Service Property Management planning, welcoming interiors and award-winning landscaping. • Land Acquisition & Development Today, Corcoran Management Company is responsible for the • Fee Management for Third Parties management of high qualityMarket rentalRate apartments, condominiums and • Affordable, & Tax Credit Properties commercial space in New England as well as the southeastern • Office Space & Commercial Buildings United States. • Accredited Management Organization ®
• Full Service Property Management • Land Acquisition & Development • Fee Management for Third Parties • Affordable, Market Rate & Tax Credit Properties • Sustainable Construction & Maintenance • Accredited Management Organization ®
Corcoran Management Company 100 Grandview Road Suite 205 Braintree, MA 02184 (781) 849-0011 www.corcoranmgmt.com
www.corcoranapts.com
MA Design/Build
NY Tel: 781-878-4540 Proof NE REal EstatE JouRNal
Specializing in the management and development of apartment communities and commercial properties, delivering superior customer service and maintaining exceptional quality standards.
Corcoran managed properties are characterized by thoughtful planning, welcoming interiors and award-winning landscaping. Today, Corcoran Management Company is responsible for the management of more than 7,500 high quality rental apartments and condominiums, along with more than 120,000 square feet of commercial space in New England and the southeastern United States.
Changes
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Excellence on Every Level Design / Build Services: Project Test Fits ❘ Project Estimating ❘ GMP Pricing Construction Documents ❘ Construction Services ❘ Tenant Improvements
Dacon Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 ❘ 508 651 3600 ❘ www.dacon1.com
New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
MA Accounting
Boston | Woburn | dgccpa.com
It makes all the difference when a business advisor knows your industry and speaks your language. They ask the right questions. They provide innovative solutions. They contribute to the bottom line. At DiCicco, Gulman & Company (DGC) we go above and beyond the usual accounting services to help you proactively address your unique business issues. Find out how we can help grow your business. Call us at 781-937-5300 or visit www.dgccpa.com today.
MA Development Residential
industRial
F.X. Messina Enterprises P.O. Box 859059, 400 Franklin Street Braintree, MA 02185-9059 Tel: 781/848-5000, Fax: 781-848-4900
Real Estate Investments For All Your Real Estate Needs shopping CenteRs offiCe
MA Broker/Leasing Agent
PROOF park
NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL plaza Building
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The D.L. Saunders Real Estate Corp., AMO, Exclusive Managing & Leasing Agents Est. 1898
617-426-4000, Ext. 757 • www.parkplazaexeccentre.com • www.parkplazabuilding.com
Brokers Always Welcome
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MA Aerial Photography
Aerial Stock Files!
Over 400,000+ New England 2016 and earlier views on file! ~ High Resolution ~ Crystal Clear Images ~ Visit www.lesvants.com Serving New England for over 46 years! Custom aerial photography our specialty Boston / Tewksbury, MA www.lesvants.com 978-851-3431
Les Vants Aerial Photos
New Engla
Since 1971
nd’s Most Experienced Aerial Photographers!
Architectural / Commercial / Real Estate / Industrial / Legal / Vertical / Oblique
Member Professional Aerial Photographers Association, Inc. / 2006 & 1995 Best of Show Winner
MA EIFS Changes
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Exterior Designs I N C O R P O R AT E D Specializing in EIFS
• EIFS • ACM
• VINYL SIDING • THIN BRICK
• FIBER CEMENT SIDING • WATERPROOFING
YOUR EXTERIOR CLADDING EXPERTS… Manchester, NH 03101 • Phone (603) 668-4113 www.exteriordesigns.com
MA Civil Engineer, Land Planner, Surveyor NY Tel: 781-878-4540 Proof NE REal EstatE JouRNal
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Newport
w w w. d i p r e t e - e n g .c o m
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MA Brokers Directory ABG Commercial 307 Cambridge St. Cambridge, MA 02141 617-492-9900 Addison Wellesley Real Estate 427 Watertown St. Newton, MA 02458 617-244-2400 Jim Barrett Advanced Creative Real Estate Specialties P.O. Box 81236 Wellesley, MA 02481 781-239-0070 Renate Millward Agenda Commercial Real Estate 405 Waltham St., Ste. 374 Lexington, MA 02421 781-674-0163 Daniel Baczkowski John Flynn Allard Real Estate 365 May St. Worcester, MA 01602 508-795-7265 Robert Allard Allied Real Estate 1895 Centre St., Ste. 7 Boston, MA 02122 617-329-9988 Richard Laham Bruce Laham All Star Realty 2326 Mass. Ave. Cambridge, MA 02140 617-642-4363 Jerry Mazzeo
160 Federal Street Boston, MA 02110 +1 617 330 8000 www.colliers.com TEL
> Tenant Advisory Services > Landlord Representation > Valuation & Advisory Services > Landlord Representation > Retail Services > Development & Consulting Services Retail Services >>Investment Sales > Real Estate Management Services > Investment Sales S. Alexander Tucker L. Hansen >Todd Capital Markets E. Blount & Consulting NicholasServices M. Herz >Kristin Development BreslinManagement Caleb W. Hudak >Roger RealW.Estate Services M. Campoli >Lisa Valuation & Advisory Services Thomas J. Hynes, Jr. > Tenant Advisory Services > Capital Markets
John A. Carroll, Jr.
Timothy W. Lahey
American Commercial RE 14 Forest St. Sherborn, MA 01770 508-655-5423 Dusty Burke
The Begley Cos. 185 New Boston St. Woburn, MA 01801 781-935-9000 Courtney Green
AMG/Auction Marketing Group P.O. Box 107 Shrewsbury, MA 01545 508-842-1900 Dale Schaetzke
Bierbrier Development 430 Bedford St. Lexington, MA 02173 781-863-1800 Len Bierbrier
Andover Buyers Broker, Inc. 8 Tallyho Lane Andover, MA 01810 978-475-3700 Jack McSweeney Atlantic Properties 100 Armstrong Rd. Plymouth, MA 02360 508-746-2500 Ben Stout, Zach McMahon, Colin Moynihan, Pat Leahy Auburndale Realty Co. P.O. Box 66125 335 Auburn St. Newton, MA 02466 617-332-6900 Robert Nahagian Back Bay Properties 20 Park Plaza Boston, MA 02116 617-338-6102 Christopher Carroll Eric Hersum Baldwin Realty Group 124 Main St., Ste. G Carver, MA 02330 508-272-9910 Tony Baldwin, CCIM
Boston Commercial Properties 275 Grove St., Ste. 2-400 Newton, MA 02466 781-239-8233 Warren Brown Boston Realty Advisors 715 Boylston St. Boston, MA 02116 617-375-7900 Jason Weisman Boston Restaurant Group P.O. Box 327 Boxford, MA 01921-9907 978-887-9895 Charlie Perkins, Wendy Perkins Brown & Wagner, LLC 31 State St. Boston, MA 02109 617-557-9110 Kevin Brown Bulfinch Companies 25 New Chardon St. Boston, MA 02114 617-720-4000 Robert Schlager
Commercial and Industrial Brokerage
Tel 508-588-1717 457 Belmont Street
Brockton, MA 02301 Tel. 508-588-1717 Fax. 508-586-9566 E-Mail:
[email protected] 457 Belmont Street
Brockton, MA 02301
Commercial & Industrial LEASE Real Estate FORwww.donahueassociates.com
21,000 SF Warehouse
E. Lawrence Contact Chris Patty Stone Colman to be listed for FREE!
[email protected]
John A. Carroll III
Theodore J. Chryssicas
Theodore A. Lee
12 Ledin Drive, Avon, MA
Spring/Summer 2016
New England Commercial Real Estate Semi-Annual Guide
MA Brokers Directory Burnham Real Estate 31 Lake Ave. Melrose, MA 02176 781-665-8400 David Burnham
C21 Saga Realty 11 Central St. Southbridge, MA 01550 508-764-3287 Ralph Loconto
C21 Bourne Landing Realtors 248 Main St. Buzzards Bay, MA 02532 800-439-2524
C21 Shoreland Real Estate 269 Stevens St. Hyannis, MA 02601 508-775-4440 Margo Pisacano
C21 Commercial Assoc. Realty 230 Maple Ave. Swansea, MA 02777 508-837-6408 Keith Andrade
C. Brendan Noonan & Company 614 Mass. Ave. Cambridge, MA 02138 617-868-3200 Brendan Noonan
C21 Commercial Realty Team 5 Park St. Leominster, MA 01453 978-537-1900 Bruce Gallant
Cale Commercial Realty Grp. 157 Berkeley Rd. North Andover, MA 01845 978-258-2350 Mark Dickey
C21 Commonwealth Commercial 161 Mount Auburn St. Watertown, MA 02472 617-383-8329 Thayer Morgan C21 Concept One 1550 Middlesex St. Lowell, MA 01852 978-458-4225 C21 Legacy Properties 218 Holland St. Somerville, MA 02144 617-666-2121 Patricia Nq Charlie Ball Marsha Yankovich
600 Loring Avenue Salem, Massachusetts 01970
978.741.3696 • Fax 978.745.1223 drumlingroup.com
Commercial Brokerage, Consulting & Property Management David Hark •
[email protected] Richard Newburg •
[email protected] Mark Shapiro •
[email protected]
Campanelli Companies One Campanelli Dr. Braintree, MA 02185 781-849-1442 Dan DeMarco Jon Campanelli
Capital Commercial Real Estate, LLC 160 Old Derby St., Ste. 263 Hingham, MA 02043 781-749-1990 George Jamieson Capital Expansion P.O. Box 710 Cataumet, MA 02534 508-259-3408 Chris Bailey Capital Group Properties 259 Turnpike Rd., Ste. 100 Southborough, MA 01772 508-229-1819 Paul D‘Anello Capital Realty and Development 402 North Falmouth Hwy. North Falmouth, MA 02556 508-564-4000 Robert Burke Carbone Commercial Real Estate, Inc. 5 Stone Edge Ln. Woburn, MA 01801 781-935-5444 Peter Carbone Jr., CCIM Edward Carbone, CCIM Casler and Company 145 Rosemary St., Bldg. D Needham, MA 02494 781-444-3443 Bradford Casler CBRE | New England 33 Arch St. Boston, MA 02210 617-912-7000
Real Estate Management & Brokerage Services
41 Taylor St., Springfield, MA 01103
(413) 781-8000 / Fax (413) 781-2100 Email:
[email protected] Wwesite: www.sdplotkin.com Bill Low • Evan Plotkin David Wolos • Liam Reynolds Dan Moore • Wilfredo Lopez Jennifer Kiely
Contact Patty Stone Colman to be listed for FREE!
[email protected]
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MA Brokers Directory Chandler Co. LLC 68 Chandler St. Boston, MA 02116 617-350-3133 Kenneth Girvin Clarendon Real Estate Group 100 Huntington Ave. Boston, MA 02116 617-236-0333 Richard Taylor Cornell Mills Clients 1st Real Estate Services P.O. Box 712 Beverly, MA 01915 978-927-2500 Coastal Commercial Real Estate Sales and Leasing 700 Pleasant St., Ste. 330 New Bedford, MA 02740 508-990-4280 Lori A. Nery Coldwell Banker P.O. Box 842 Dennis, MA 02638 508-397-6924 David Kaplan Coldwell Banker Commercial 171 Huron Ave. Cambridge, MA 02138 781-354-8810 Kevin Delaney Coldwell Banker Commercial 40 Kenoza Ave. Haverhill, MA 01830 978-373-3897 Steven DeSisto Charles Coco
Brokerage Services
Doug Waybright President 75 Third Avenue Waltham, MA 02451
t. 781-890-7600 x216 f. 781-890-9737 Email.
[email protected]
Coldwell Banker Commercial NRT 1730 Mass. Ave. Cambridge, MA 02138 617-876-5728 Kyla Herblum Colebrook Realty Services 1441 Main St. Springfield, MA 01103 413-781-0066 Mitch Bolotin, John Dill George A. Collias Co. P.O. Box 2519 Fall River, MA 02722 508-679-7919 George Collias Peter Tache
Commercial Property Specialists, Inc. 914 Concord St. Framingham, MA 01701 508-370-0400 Nancy Elliott Michael Seadia Com-Re Corp. 382 North Main St., Ste. 206 E. Longmeadow, MA 01028 413-525-4191 Tom Morrissette Robert Price Condyne Two Adams Place, Ste. 100 Quincy, MA 02169 781-848-8787
Colliers International 160 Federal St. Boston, MA 02110 617-330-8000
Conn. & West Mass. Comm’l. & Invest. Properties 351 Pleasant St., #125 Northampton, MA 01060 413-584-0566
Collins Commercial Real Estate, LLC 246 Durfee St. Fall River, MA 02722 508-676-8500 Kelley Collins Michelle Pelletier
Construction Ombudsman 12 Fleetwood Dr. P. O. Box 673 Norfolk, MA 02056 508-528-0162 Hank Wazan
Combined Props. Inc. 300 Commercial St. Malden, MA 02148 781-388-0318 Gregory Regazzini Commercial Realty Advisors 222 W Main St. Hyannis, MA 02601 508-862-9000 Daniel Button
Conrad Group 300 Congress St., Ste. 302 Quincy, MA 02169 617-328-1965 Robert Conrad, Gary May Paul McCourt, Jim McEvoy Conway Commercial 137 Washington St. Norwell, MA 02061 781-982-2333 Paul Durgin, Dave Ellis, Tony Vacca, Chris Schepis, Kim Dawson
• Shopping center leasing, repositioning and redevelopment • Property Management • Store fit-out and construction management services • Site selection and new store development Serving owners and retailers throughout New England and New York with over 75 years of collective experience. Daniel Plotkin, Michael Sarasin, George Lee, Dana Vient, Cathy Roy, Richard Giveans 860-683-9000 www.northeastretail.com
Mark Healy 413-244-6715 1776 Main Street • Springfield, MA 01102
Contact Patty Stone Colman to be listed for FREE!
[email protected]
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MA Brokers Directory Coppins Company, Inc. 3 Thornton Rd. Winchester, MA 01890 781-721-1800 William Coppins II
Brian Dapice & Associates 500 Cummings Center Beverly, MA 01915 978-922-6400 Brian Dapice
Dundee Properties, LLC P.O. Box 3099 Andover, MA 01810 978-682-4042 Jeffrey Sheehy
Corporate Realty Assoc. 1350 Belmont St., Ste. 101 Brockton, MA 02301 508-586-1115 Bradford Tighe Anthony Baldwin
The Dartmouth Company 351 Newbury St. Boston, MA 02115 617-262-6620 David Smookler, Sean Gildea
Eastport Real Estate Services 318 Bear Hill Rd. Waltham, MA 02451 781-890-5855 Michael Price, Michael Burkin
CRG Commercial 1280 Centre St., Newton, MA 02459 617-393-4200 Fred Greene Countrywide Home Loans 7 Prospect St. Webster, MA 01570 508-380-4900 Chad Rivardt Cresa Boston 200 State St., 13th Floor Boston, MA 02109 617-758-6000 Joseph Sciolla
Davenport Realty 20 North Main St. South Yarmouth, MA 02664 508-394-8800 ext. 164 David Kaplan Denenberg Realty Advisors 230 Commercial St. Boston, MA 02109 617-720-5656 Development Associates 630 Silver St., Unit 3C Agawam, MA 01001 413-789-3720 Ken Vincunas
Cummings Properties 200 West Cummings Park Woburn, MA 01801 781-935-8000
The Diamond Group 17 Story St. Cambridge, MA 02138 617-661-1313 Richard Diamond Tiffany Delph
D.A.B. Brokerage Services 33 Pond Ave., Ste. 918 Brookline, MA 02445 617-566-6966
DiCenso Realty Associates 10 Mazzeo Dr., Ste. 214 Randolph, MA 02368 781-986-8855
Dacon Corp. 16 Huron Dr. Natick, MA 01760 508-651-3600
DiFranco Realty, Inc. 75 Marci Ave. E. Longmeadow, MA 02028 413-525-2484 Mark DiFranco
THE STUBBLEBINE COMPANY
One Cranberry Hill, Lexington, MA 02421
781-862-6168/781-862-6212 www.stubblebinecompany.com David Stubblebine, James Stubblebine, Alan Ringuette, Micah Stubblebine, Ellen Garthoff, Rob Stave
M. Donahue Assoc. 457 Belmont St. Brockton, MA 02301 508-588-1717 The Drumlin Group 600 Loring Ave. Salem, MA 01970 978-741-3696 David Hark Richard Newburg Mark Shapiro
EFP Mgmt./Cedar Hill 249 Cedar Hill Marlboro, MA 01752 508-450-9699 Robert Ciavarra Elliot & Co. LLC 212 Carnegie Row Norwood, MA 02062 781-762-1990 Elliot Ravech Dennis Nolfi Exit Realty Associates 1028 Commonwealth Ave. Boston, MA 02110 6171-730-9800 Sam Resnick Fafard Commercial R.E. 120 Quarry Dr. Milford, MA 01757 508-881-1600, ext. 321 Larry Doane Fantini & Gorga 150 Federal St. Boston, MA 02110 617-951-2600 George Fantini Jr., John Gorga Fine Properties, Inc. 298 Boston Tpk., Ste. 10 Shrewsbury, MA 01545 508-753-0820 Jane Fine First Bristol Corp. 10 North Main St., P.O. Box 2516 Fall River, MA 02772 508-679-1180 Jamie Karam
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MA Brokers Directory First Investment Props., LLC 555 Tunrpike St., Ste. 54 North Andover, MA 01845 978-686-8666 Lorena Watt, Peter O’Neill
Gibson Sotheby’s International Realty 277 Dartmouth St. Boston, MA 02116 617-680-6060 Jay Plasteras
Flannery & Co., Realtors 3 Springfield St. Wilbraham, MA 01095 413-596-9982 Don Flannery
Glickman Kovago & Co. One Dix St. Worcester, MA 01609 508-753-9100 James Glickman Peter Kovago
The Flatley Company 35 Braintree Hill Office Park Braintree, MA 02184 781-848-2000 Bill Bush, Dee Minnock
Godino & Company 225 River View Ave., Ste. 101 Newton, MA 02461 617-965-4200 Tom Godino Sr., Tom Coyle
Flynn-Boston Realty Advisors 1495 Hancock St., 4th Floor Quincy, MA 02169 617-479-9000 Daniel Flynn
Gold Triangle Realty 352 Boston Turnpike Shrewsbury, MA 01545 508-752-5591 Robert Falter
Foster-Healey Real Estate 50 Central St., Leominster, MA 01453 978-537-8301
Gordon Real Estate Corp. 957 Worcester Rd. Framingham, MA 01701 508-370-3333 Peter Gordon, James Gordon
Foster-Healey Real Estate 26 Pearson Blvd., Gardner, MA 01440 978-630-2070
GM Realty Advisors 11 Lockeland Rd. Winchester, MA 01890 781-756-1404
FRE Building Co. Inc. 290 Eliot St. Ashland, MA 01721 508-881-1600, ext. 310 Don Cassano Richard Freitas, CCIM
The Grossman Companies 1266 Furnace Brook Pkwy. Braintree, MA 02184 617-472-2000 Richard McKinnon
Freitas Associates, Inc. 126 Main St., North Easton, MA 02356 508-238-2042 Richard Freitas, CCIM
GVA Thompson Doyle Hennessey & Stevens 75 Federal St. Boston, MA 02110 617-330-6900
F.X. Messina Enterprises 400 Franklin St. Boston, MA 02185-9059 617-848-5000
Hartnett Management Co. 1 Forge Village Rd. P.O. Box 1099 Groton, MA 01450 978-448-4050 Frank Hartnett
Gallagher Real Estate 386 West Main St. Northborough, MA 01532 508-393-7900 Paul Gallagher
Hashem Realty 133 Main St. Rte. 28 North Reading, MA 01864
978-664-4191 Jack Hashem Barb Hassan Realty, Inc. 31 Wendell Ave. Pittsfield, MA 01201 413-447-7300 Barbara Davis-Hassan, CCIM The Haughey Co. 1660 Soldiers Field Rd. Boston, MA 02135 617-782-0012 Haynes Management, Inc. 34 Washington St. Ste. DEC 7 Wellesley, MA 02181 781-235-4300 Vida Doyle, Michael Hoban Heritage Corp. Real Estate Corp. 1211 Washington St. West Newton, MA 02465 617-969-7800 x1 Steven Moskowitz Hillcrest Properties 260 Bear Hill Rd., Ste. 300 Waltham, MA 02451 781-890-9222 Daniel V. Messina CCIM, CPM® Hodosh Properties 1553 Brayton Point Rd. Somerset, MA 02725 508-672-3424 Hurwitz Associates P.O. Box 260193 Boston, MA 02126-0193 617-323-2700 Industrial Concepts Brokerage, LLC 380 Humphrey St. Swampscott, MA 01907 617-459-4094 Fred Massa Infinity Real Estate Group Inc. 1611 Northampton St. Holyoke, MA 01040 413-532-8907 Mark Berezin, Tim Thompson Randy Bernstein
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MA Brokers Directory Interbay Funding, LLC 124 Washington St., Ste. 201 Foxborough, MA 02035 800-538-6900, ext. 8693
R.J. Kelly Company 55 Cambridge St. Burlington, MA 01803 781-272-2899
Kinlin Grover Commercial 55 Main St. Orleans, MA 02653 508-255-8211
Integrity Floor Care P.O. Box 421 Mendon, MA 01756 508-400-1481 Jim Tobin
Keliher Real Estate 251 Newbury St. Boston, MA 02061 617-267-0100
Klemmer Associates, LLC 31 Holton St. Winchester, MA 01890 781-729-5000
JLL One Post Office Sq. Boston, MA 02109 617-531-4175
Kenny RE & Appraisal 27 Berkeley Rd. Framingham, MA 01701 508-877-2391 Eugene Kenny
KW Commercial 168 N. Main St. Andover, MA 01810 603-836-2700 Ron Fredette
Jones Town & Country Realtors 200 Triangle St. Amherst, MA 01002 413-549-3700 Patricia Patenaude, Joyce Fill
Kerrigan Realty Assoc. 580 High St. Dedham, MA 02026 508-494-3911 William Kerrigan Lisa Kerrigan
KW Commercial Pioneer Valley 66 Dwight Rd. Longmeadow, MA 01106 413-355-3351 Richard LeBlanc, CCIM
Jordan Rittenberg Associates 25 Bound Brook Rd. Newton, MA 02461 617-964-3765 Jordan Rittenberg
Kessler Realty 31 Longview Dr. Marblehead, MA 01945 781-631-9738 Marc Kessler Joseph Kessler
Land & Investment Props. One Charles St. South, Ste. 308 Boston, MA 02116 617-722-8298
Jumpp Company 1 Meeting House Rd., #6 Chelmsford, MA 01824 978-250-1540 Richard Jumpp The Katz Companies 37 Harvard St., Ste. 8 Worcester, MA 01609 508-791-7310 Myron Katz Keefe & Company, Inc. 3 Bay Farm Rd. Duxbury, MA 02332 781-585-2222 Art Keefe Kelleher & Sadowsky Assoc. 446 Main St. Worcester, MA 01608 508-755-0707 John McKinley Keller Williams Realty 63 Park St. Andover, MA 01810 978-686-9020 Peter Robinson
KeyPoint Partners 1 Burlington Woods Dr. Burlington, MA 01803 781-273-5555 Robert Lemons, Don Mace, Lynne Cohen-Friedman, Michael Branton Jonathan Aron King Real Estate 9 Travers St. Haverhill, MA 01830 978-374-4784 King Weinstein King & Newton Commercial Real Estate 935 Main St., Ste. 201 Springfield, MA 01103 413-732-2300 Tom King Taylor Newton Kinlin Grover Real Estate 4 Wianno Ave. Osterville, MA 02655 508-420-1130
Ralph Leonard Associates, Inc. 118 Bridge St. Beverly, MA 01915 978-922-0252 Ralph Leonard Lincoln National Inc. 265 Saint Paul St. Brookline, MA 02446 Barnett Berliner Linear Retail Properties 5 Burlington Woods Dr. Burlington, MA 01803 781-273-5665, ext. 200 Aubrey Cannuscio Jim Clifford M&J Associates, Inc. 450 Washington St., Ste. 207 Dedham, MA 02026 781-326-7370 Mark Shair Macmillan and Son, Inc. 1537 Main St. Springfield, MA 01103 413-736-8338
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MA Brokers Directory The Madden Group 55 Myrtle St. Melrose, MA 02176 781-662-1700 Mike Chapin, Jason Madden Manitou Realty P.O. Box 786 North Adams, MA 01247 800-294-2811 Mark Riley Robert Marcus 345 Boylston St. Newton, MA 02459 617-277-1116 Marcus & Millichap 400 5th Ave., Ste. 105 Waltham, MA 02451 781-373-7123 Robert Horvarth Tony Massimino, Realtor 102 River Rd. Hanover, MA 02339 781-826-2211 McDonough Realty Services, Inc. Matt McDonough 270 Exchange St. Chicopee, MA 01013 413-746-5500 Matt McDonough John McInnis Auctioneers 76 Main St. Amesbury, MA 01913 800-822-1417 Daniel P. McLaughlin & Company 31 New Chardon St. Boston, MA 02114 617-646-1019 McLaughlin Investments, Inc. 8 NE Executive Park Burlington, MA 01803 781-229-2022 John McLaughlin McPherson Corp. 460 Totten Pond Rd. Waltham, MA 02154 617-890-8212 Mega Group 7 Federal St., Ste. 15
Danvers, MA 01923 978-762-9771 Suzanne Schneider The Mercure Group 156 Worcester Providence Tpke., Ste. 23 Sutton, MA 01590 508-868-1940 George Lamothe MetroWest Commercial R.E. 30 Turnpike Rd., Unit 10 Southboro, MA 508-370-0003 Eric Brosler, Mark Rosen Marlene Aron, Trish O’Neil Laurence Soifer, James Maloney MGR Commercial Real Estate 9 Pond Lane, Ste. 2E Concord, MA 01742 978-341-0880 Michael Rosenbaum Nathan R. Miller Properties 6 Beacon St. Boston, MA 02116 617-742-9480 Miller-Shapiro Co., Inc. P.O. Box 526 Lynnfield, MA 01907 617-921-3020 Mark Shapiro Minco Corp. 102G State St. Newburyport, MA 01950 Molisse Realty Group LLC 23 Snow Road Marshfield, MA 02050 781-837-5600 Brian Molisse, John Cullen, John Farraher, Lenny Rowe Nelson Companies 75 Third Avenue Waltham, MA 02451 781-890-7600, ext. 205 Doug Waybright Neelon Properties 255 Bear Hill Rd. Waltham, MA 02451 781-890-4610
New Dover Assoc. 495 Old Connecticut Path, Ste. 310 Framingham, MA 01701 508-370-0405 Scott Hughes Stephen Bradley Daniel Cambria New England Restaurant Brokers 580 Salem St., Ste. 32 Wakefield, MA 01880 617-721-9655 Dennis Serpone Niemann Associates P.O. Box 638 Lexington, MA 2420 781-259-1660 Deirdre Niemann Nordblom Co. 15 Third Ave. Burlington, MA 01803 781-272-4000 Doug Wynward, Jim O’Neill Northeast Business Exchange 7 Paradise Lane Rochester, MA 02770 508-763-0209 Mike Maak, Ken MacLeod Northeast Community Bank 40 Grove S., Ste. 310 Wellesley, MA 02482 781-416-2790 Susan Barile, Dan Berke Northland 2150 Washington St. Newton, MA 02462 617-965-7100 NorthWay Commercial Brokerage 200 Merrimack St. Haverhill, MA 01830 978-590-1038 Burt Barrett, CCIM Northeast Retail Leasing & Management Company 360 Bloomfield Ave. Ste. 208 Windsor, CT 06095 860-683-9000
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MA Brokers Directory Daniel Plotkin, Michael Sarasin, George Lee, Dana Vient, Cathy Roy, Richard Giveans Jay Nuss Realty Group, LLC 45 Braintree Hill Office Park, Ste. 302 Braintree, MA 02184 781-848-9400 Jay Nuss O’Brien Commercial Props. 5 Mount Royal Ave. Berlin, MA 01053 978-838-9829 Eric O’Brien, Bret O’Brien O’Connell and Co., Inc. 1297 Old Worcester Rd. Framingham, MA 01701 508-361-3990 Fred O’Connell, Dorina O’Connell Joyce B. O’Connor Real Estate P.O. Box 70552 Worcester, MA 01607 508-865-1188
Painstaking Leasing & Mgmt. 182 Turnpike Rd. Westborough, MA 01581 508-341-7408 Robert Ciavarra Paramount Partners 639 Granite St., Ste. 305 Braintree, MA 02184 781-848-1550 SVN | Parsons Commercial Group | BOSTON 1881 Worcester Rd. Ste. 200 Framingham, MA 01701 508-820-2700 Peckham Boston Advisors 9 Hawthorne Place Ste. 16L Boston, MA 02114 617-523-4440 John Peckham, III Perlmutter Realty Group 7 Standish Way Canton, MA 02021 617-201-1931
Oddo, Inc. P.O. Box 663 Winchester, MA 01890 781-721-5600
Phoenix Commercial R.E. 1000 Worcester Rd. Framingham, MA 01702 508-820-0133
The Orlov Company, Inc. 2 Joel’s Way Wayland, MA 01778-2427 508-641-1971 Nicholas Orlov
NAI Plotkin 41 Taylor St. Springfield, MA 01103 413-781-8000 Bill Low, Evan Plotkin David Wolos, Liam Reynolds, Dan Moore, Wilfredo Lopez Jennifer Kiely
Opal Real Estate Group 1776 Main St. Springfield, MA 01102 413-726-9836 Demetrios Panteleakis Mark Healy Orsett Properties 372 Washington St. Wellesley, MA 02481 781-237-1007 Peter Holland Stanley J. Paine Auctioneers 373 Boylston St. Newton, MA 02459 617-731-4455
Pinnacle 125 Summer St., Ste. 1880 Boston, MA 02110 617-946-5600 John Cullinane Poirier Realty 293 Whitney St. Leominster, MA 01453 978-534-9445 Tom McNamara Kevin Sideleau
Aaron Posnick Springfield, MA 413-733-5328 Powers & Company P.O. Box 435 Lynnfield, MA 01940 781-334-4661 Mary Powers Rene L. Poyant, Inc. 20F Camp Opechee Rd. Centerville, MA 02632 508-775-0079 PRE, Inc. 1A Eastview Rd. Hopkinton, MA 01748 508-435-7609 Philip Portser Professional R.E. Services 45 N. Main St., 2nd Floor Fall River, MA 02720 508-678-4704 Property Consultants 375 Common St. Lawrence, MA 01840 978-687-9300 Arthur Richter Prudential Premier Properties 767 East Falmouth Hwy. East Falmouth, MA 02536 508-495-0056 Prudential Prime Properties 619 Main St. Centerville, MA 02632 508-775-1976 Christopher Hallett Prudential Prime Properties 2 South Bolton St. Marlborough, MA 01752 508-485-4096 Quinn Associates, Inc. 130 Liberty St. #9 Brockton, MA 02301 508-588-5600 Peter Quinn, Paul D’Angelo Rader Properties 80 Washington St., J-40 Norwell, MA 02061 781-681-9000 x20 David Mitchell
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MA Brokers Directory The Realty Advisory 1645 Falmouth Rd. (Rte. 28) Ste. 10F Centerville, MA 02632 508-775-6000 John T. Shields RE/MAX Andrew Realty Services 12 High St, Medford, MA 02155 781-395-7676 John Veneziano, Scott David Cutler
Newton, MA 02461 617-658-1200 David Levenfeld Ronex Corp. P.O. Box 81335 Wellesley Hills, MA 02481 781-489-6282 x11 R.M. Bradley & Co., Inc. 75 Arlington St., Ste. 500 Boston, MA 02116 617-421-0750 Donald M. Campbell
RE/MAX Executive Realty 445 Franklin Village Dr. Franklin, MA 02038 508-541-1350 ext.1 Rick Kaplan
R.W. Holmes Realty Co. 321 Commonwealth Rd. Ste. 202 Wayland, MA 01778 508-655-5626
RE/MAX Partners/ Carroll & Coco 44 Park St. Andover, MA 01810 978-475-2100 Tom Carroll
Frank Ronne 639 Granite St. Braintree, MA 02184 781-380-3700
RE/MAX Landmark, Realtors Westwood, MA 781-320-0020 Christy May Renaissance Real Estate P.O. Box 128 Lynnfield, MA 01940 781-334-2476 Al Kozhuk Resnick Auction Group 1028 Commonwealth Ave. Boston, MA 02215 617-730-9800 Sam Resnick Retail Development Partners P.O. Box 374 Sandwich, MA 02563 508-420-7437 Paul Gibbs Richards Barry Joyce & Ptrs. 53 State St. Boston, MA 02109 617-439-6000 The River Group, Inc. 54 Jaconnet St.
Russ Driscoll 391 Britton St. Raynham, MA 02767 508-509-4445 Russ Driscoll Ruth Rosenfield Real Estate 376 Dudley Rd. Newton Centre, MA 02459 617-332-3448 Ruth Rosenfield Sherryl Rosenberg Corey Rosenfield Sachem Realty Inc. 556 Center St., Ste. A Middleboro, MA 02346 508-947-1225 Paul E. Saperstein Company, Inc. 144 Centre St. Holbrook, MA 02343 617-227-6553 Saracen Properties 130 Turner St. Building 3, Ste. 620 Waltham, MA 02453 781-250-8010 Cary Tarpinian
D.L. Saunders Companies The Park Plaza Office Building, Floor 7 Boston, MA 02116 617-426-4000, ext. 702 Lisa Saunders Scott Commercial & Industrical Real Estate 421 Merrimack St., Ste. 102 Methuen, MA 01844 617-689-8500 Dan Scott, Alice Ward, Ryan Scott The Serwer Co. LLC 133 Laurel Dr. Needham, MA 02492 781-449-7660 Jeremy Serwer Shoreline Mortgage 769 Plain St., Unit M Marshfield, MA 02050 781-544-3377 Frank Gasbarro Shorenstein Realty Services 1000 Winter St. Bay Colony Corp. Center Waltham, MA 02451 Mark Cozzens South Boston Realty 254 Dorchester St. South Boston, MA 02127 617-464-2300 William O’Leary, Karen Connors Southeast Commercial Real Estate 95 State Rd., P.O. Box 1419 Sagamore Beach, MA 02562 508-833-5050 Michael Giancola Sperry Van Ness/ Comvest Realty 360 Church st., Ste. 120 Northboro, MA 01532 508-393-9733 SSG Development LLC 651 Washington St., Ste. 200
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MA Brokers Directory Brookline, MA 02446 617-938-6485 Gerald Cohen
Carol Todreas, Jivan Colabawalla, Marc Older
STAG Partners 99 Chauncey St., 10th Fl. Boston, MA 02111 617-226-4953 David King, Brad Sweeney
The Triad Real Estate Group 86 Kearney Rd. Needham, MA 02494 781-455-9001 Gary Rothuopf
The Stubblebine Company One Cranberry Hill Lexington, MA 02421 781-862-6168 David Stubblebine James Stubblebine Alan Rinquette Micah Stubblebine Ellen Garthoff Dennis Uhlman
True Associates 35 Forbes Rd. Westwood, MA 02090 781-329-5151 Peter True, Tara True
Stein Investment Properties 103 Levbert Rd. Newton, MA 02459 617-244-6479 The Stevens Group 10 Post Office Square Boston, MA 02109 617-886-9300 Mark Stevens W.C. Stone 137 Weymouth St. Rockland, MA 02370 781-878-7222 Sullivan & Company 137 South St. Boston, MA 02111 617-350-7700 Summit Realty Partners 80 Hayden Ave., Lexington, MA 02421 781-862-9700, ext. 225 Chris McMahon Sweeney Real Estate Network 120 Stafford St., Ste. 209 Worcester, MA 01603 508-792-3900 Bob Sweeney, Gerry Kashuk Todreas Hanley Associates 200 Mass. Ave., Ste. 6 Cambridge, MA 02140 617-482-7008
TRB & Associates 35 Matthew Ln. Waltham, MA 02452 617-285-2578 Thomas Blakely Unicorn Commercial Realty 293 Washington St. Norwell, MA 02061 781-659-2255 Bob Fraser, Joe McDonnell Upper Cape Commercial 3220 Cranberry Hwy. Buzzards Bay, MA 02601 508-759-4727 Randy Walker Urban/Born Associates 50-1 White Place Brookline, MA 02445 617-277-3180 Annette Born Vantage Real Estate Group 930 Commonwealth Ave. South Boston, MA 02215 617-739-0009 Andrew Mann VirtuReal.net LLC 47 Merrimac St. Newburyport, MA 01950 978-499-0005 Rene Bernard
The Wallace Co., LLC 14 Farmer Road, Ste. 100 Milton, MA 02186 617-696-6080 Mark F. Wallace J M Whitney & Co 151 Coolidge Ave., Ste. 102 Watertown, MA 02472 617-924-7500 Curtis Whitney Wluka Real Estate Corp. 2 Chestnut St. Sharon, MA 02067 781-784-5125 Nancy Wluka Wolcott Realty 142 Westfield Rd. Russell, MA 01071 413-562-4778 Martin O’Connell Worcester Commercial Props. 475 Pleasant St. Worcester, MA 01609 508-793-8600 Sheldon Katz Wronka, Ltd. 15 New England Executive Park Burlington, MA 01803 781-229-2233 Ernie Wronka Yannios Real Estate Investment Brokerage 27 Water St., Ste. 304 Wakefield, MA 01880 781-224-0081 James Yannios Zekos Group 386 South St. Shrewsbury, MA 01545 508-842-6400 Paul Zekos
Waldman & Assocaites 24 Whitewood Road Westwood, MA 02090 781-492-1586 Dan Waldman
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New England Commercial Real Estate Semi-Annual Guide
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Northern New England Directory
ME Broker .................................................................................57 NH Broker .................................................................................57 VT Broker ..................................................................................57 NH Construction Manager....................................................58 NH Drywall & Framing ..........................................................58 NH Property Management....................................................58 NNE Accounting......................................................................59 NH Roofing ................................................................................59 NH Fire Protection ..................................................................59 NH Painting/Flooring/Covering ...........................................60 NNE Design/Build ...................................................................60 NH Broker .................................................................................60 Brokers Directory .............................................................61-65
New England Commercial Real Estate Semi-Annual Guide
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VT Broker
Vermont’s Commercial Real Estate Leader Since 1987
Sales & Leasing Buyer/Tenant Representation Site Selection 29 Church Street, 3rd Floor Burlington, VT 05401
802.878.9000 www.jldavisrealty.com
ME Broker
The BoulosNewCompany Proof Proof Approved Changes Size: 6x3.16 dbl box From: Patty
Section: Spot
crop 2”
PROOF
NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
Run Date: 4-29
Powering Maine’s commercial real estate market since 1975. Office Industrial
Retail Investment
Land Special Use
FULL SERVICE COMMERCIAL REAL ESTATE One Canal Plaza | Suite 500 | Portland, ME 04101 207.772.1333 | www.boulos.com
NH Broker
Serving all of New Hampshire Judy Tinkham • Jerry Hersch Rte. 102, Londonderry, NH 03053
(603) 432-7769 • ( F) (603) 434-1545 Visit our Web Site @ Tinkhamrealty.com Email:
[email protected]
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NH Construction Manager
Celebrating 25 years providing
High Performance Construction 5 Tech Circle, Amherst, New Hampshire 03031-2848 TEL 603/673-3200 FAX 603/673-1020
[email protected] www.fulcrum-nh.com
NH Drywall & Framing Changes
New Proof
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NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL
Run Date: 00/00/11
Experience. Trust. Reputation. Value.
www.metrowalls.net
You get that and more when you work with Metro Walls. We are a full service commercial framing and drywall company with over a decade of top quality work on some of the area's premier construction projects. We specialize in complex, challenging construction projects for demanding owners, and have built our reputation on client satisfaction. We constantly strive to exceed expectations on every job: auto dealerships, multi-unit residential, retail, institutional, municipal and hotel properties. With one of the area's largest workforces, Metro Walls excels with our "get it done" attitude and commitment to safety. When you need a polished, top-quality project done on time and on budget, call Metro Walls! In addition to NH & MA, we now service Maine with our new office! 23 Evergreen Dr. 49 Hancock Street Portland, ME 04103 Manchester, NH 03101 Ph: 207.887.9065 Ph: 603.668.2648
NH Property Management
NY Tel: 781-878-4540 PROOF NE REAL ESTATE JOURNAL We Offer Reserve Analysis Changes
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Condominium Rental Services
Section: Guide
Serving Central and Northern New England
Financial Management and Limited Management Programs Available
603-429-2019
Professional Property Management For Condominium Communities Resort Communities Commercial Properties
Member CAI-NH www.harvardmanagement.com
636 Daniel Webster Hwy PO Box 2019 Merrimack, NH 03054
New England Commercial Real Estate Semi-Annual Guide
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NNE Accounting
Boston | Woburn | dgccpa.com
It makes all the difference when a business advisor knows your industry and speaks your language. They ask the right questions. They provide innovative solutions. They contribute to the bottom line. At DiCicco, Gulman & Company (DGC) we go above and beyond the usual accounting services to help you proactively address your unique business issues. Find out how we can help grow your business. Call us at 781-937-5300 or visit www.dgccpa.com today.
NH Roofing
ASAP Roofing “Our Standards Are Higher”
Commercial and Residential Shingle Specialists
Scott Field, President 3 Executive Park Drive, Suite 227, Bedford, NH 03110
(603) 300-6758
Sales Design
Emergency (603) 300-6758 Sales
[email protected] Design www.RoofingDoneASAP.com Installation
Installation Inspections
24 / 7 / 365 Service
NH Fire Protection Inspections
PROOF
Main Office 8 No Wentworth Ave Londonderry NH 03053 781-878-4540 603-432-8221 f 603-434-3194
NE NY Tel: 24REAL / 7 / 365 Service ESTATE JOURNAL
From: Patty Run Date: 11-27
603-432-8221 f 603-434-3194
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Sales Design Service Department New Proof Main Proof Approved Changes Office Installation 55 Harvey Road 8 No Wentworth Ave Inspections Londonderry NH 03053 Size: 6x3.16 2BLOCK Section: Guide Londonderry NH 03053 603-432-8221 24 / 7 / 365 Service f 603-434-8128
Upper Valley Office 104 Etna Road Lebanon NH 03766 603-448-5461 f 603-448-7334
Service Department 55 Harvey Road Londonderry NH 03053 603-432-8221 Monadnock Office f 603-434-8128 227 Old Homestead Hwy www.hampshirefire.com
Upper Valley Office 104 Etna Road Lebanon NH 03766 www.hampshirefire.com 603-448-5461 f 603-448-7334 Monadnock Office 227 Old Homestead Hwy Swanzey NH 03446 603-358-6736 f 603-358-6832
Swanzey NH 03446 603-358-6736 f 603-358-6832
Main Office 8 No Wentworth Ave Londonderry NH 03053 603-432-8221 f 603-434-3194 Service Department 55 Harvey Road Londonderry NH 03053 603-432-8221 f 603-434-8128 Upper Valley Office 104 Etna Road Lebanon NH 03766 603-448-5461 f 603-448-7334 Monadnock Office 227 Old Homestead Hwy Swanzey NH 03446 603-358-6736 f 603-358-6832
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NH Painting/Flooring/Covering Interior
Exterior
CPI
Floor Coatings "For All Your Specialty Floor Coating Needs" • Garage Floors • • Warehouse Floors • • Epoxy Systems • • Concrete Staining - Polishing • • Shot Blasting - Grinding •
and
603-659-2788 • Toll Free: 877-659-2788 • CPI Floor Coatings Fax: 603-659-2389 a division of Caprioli Painting
• Since 1989 • Interior • Exterior Lou Caprioli, President • Residential • Commercial • 20 Beech Street Extension, Newmarket, NH 03857 • Wallpaper Hanging • Spray Painting • Power Washing • Phone: (603) 659-2788
cpifloorcoatings.com
Fax: (603) 659-2389
603-659-2788 • Toll Free: 877-659-2788 • Fax: 603-659-2389
capriolipainting.com
[email protected] www.capriolipainting.com
NNE Design/Build
P R O O F
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NNE Brokers Directory MAINE
Affiliated Realty 63 Silver St. Waterville, ME 04901 207-873-0751 Baldacci Real Estate Group 5 Milk St., Portland, ME 04101 207-775-7363 Robert Baldacci Anthony Amstrong, Brian Casalinova Ken Green Cardente Real Estate 299 Forest Ave. Portland, ME 04101 207-347-7171 Matthew Cardente Greg Perry CBRE | New England 1 Canal Plaza Portland, ME 04101 207-772-1333 Drew Sigfridson Coldwell Banker Millett Realty 155 Center St. Auburn, ME 04201 207-754-4676 Roxane Cole Commercial Real Estate, LLC 207-653-6702 Roxane Cole, CCIM Commercial Properties, Inc. 100 Silver St. Portland, ME 04101 207-774-1885 Abigail Cassidy
Local Knowledge. Regional Focus. Global Reach.
Local Knowledge. 207-773-7100 Regional Focus. www.dunham-group.com Global Reach.
Industrial • Office • Retail • Investment Land • Mixed-Use • Multi-Family
Industrial • Office • Retail Investment • Land • Mixed-Use Multi-family
207-773-7100
www.dunham-group.com
Fishman Realty Group 470 Forest Ave. Portland, ME 04101 207-775-6561 Anthony J. Donovan J. Lee Nelsen Steve Noyes Marc Fishman Jim VanVulkanberg Gosline & Company P.O. Box 247 Gardiner, ME 04345 207-582-1100 Norman Gosline KW Commercial 50 Sewall St., 2nd Floor Portland, ME 04102 207-553-2491 Ed Herczeg Magnusson Balfour Commercial & Business Brokers 95 India St. Portland, ME 04101 207-774-7715 Scott Balfour John Robinson Major, O’Connor & Rich 4 Canal Plaza Portland, ME 04101 207-773-5000 Malone Commercial Brokers 30 Milk St. Portland, ME 04104 207-772-2422 Joseph Malone Mark Malone Masiello Group Real Estate 17 C Railroad Ave. Gorham, ME 04038 207-839-6930 NAI The Dunham Group 10 Dana St., Ste. 400 Portland, ME 04101 207-773-7100 Frank O’Connor, CCIM, SIOR Thomas Moulton, CCIM, SIOR Tom Dunham, SIOR Greg Hastings, SIOR Charlie Craig Chris Craig
Katherine Allen Justin Lamontagne Mark Sandler Properties Northeast 5 Milk St. Portland, ME 04101 207-774-0800 Tony Armstrong SoundVest Properties Coldwell Banker Commercial 558 Main St. Rockland, ME 04841 207-596-7478 Realty of Maine, Auction Division 458 Main St. Bangor, ME 04401 207-852-5487 John Cheney RE/MAX By The Bay Commercial The Common at 88 Middle St. Portland, ME 04101 207-773-2345 John Robinson Susan Scanlon Erik Urbanek Tranzon Auction Properties 93 Exchange St. P.O. Box 4508 Portland, ME 04112 207-775-4300
NEW HAMPSHIRE
Arbonin Companies, LLC P.O. Box 1263 Atkinson, NH 03811 603-362-6463 AmeriCorp Real Estate Services 880 Candia Rd., Ste. 6 Manchester, NH 03109 603-625-8500 Aron Brown
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NNE Brokers Directory Argosy Group 136 Rte. 101A Amherst, NH 03031 603-578-5820 Howard Gollihue Deirdre Avery Astoria Properties, LLC 11 Corporate Dr. Belmont, NH 03220 603-527-9090 Greg Kirsch Barry Group 1662 Elm St., P.O. Box 178 Manchester, NH 03105 603-669-9090 Bill Barry Berkshire Hathaway Verani Realty One Verani Way Londonderry, NH 03053 603-845-2500 Bennett R.E. Brokerage 247A Mammoth Rd. Manchester, NH 03109 603-668-2682 Bob Bennett
Butler Realty Commercial 14 Stiles Rd. Salem, NH 03079 603-893-7500 George Butler C21 Home Team 5 Hanson St. Dover, NH 03820 603-749-4800 Peter Russell CBRE | New England 14 Manchester Sq., Ste. 235 Portsmouth, NH 03801 603-427-1333 CBRE | New England 2 Wall St. Manchester, NH 03101 603-626-0036 Coldwell Banker Weeks Assoc. 350 Court St. Laconia, NH 03246 603-528-3388 Steve Weeks Ray Simoneau
Berge’s Real Estate 22 South Broadway Salem, NH 03079 603-893-8686 x203 Nancy Mosher
Coldwell Banker Covey Realtors 222 Main St., P.O. Box 319 Littleton, NH 03561 603-444-6737 King Covey
Brady Sullivan Properties 670 North Commercial St., Ste. 303 Manchester, NH 03101 603-622-6223 Charles Panasis
Concord Commercial 2 ½ Beacon St., Ste. 159 Concord, NH 03301 603-225-3200 Jody Keeler, CPA Brenda Litchfield, CCIM
Robert Bramley Real Estate 9 Trafalgar Square Nashua, NH 03063 603-889-5209 Robert Bramley
Corrigan Company 8C Hills Ave. Concord, NH 03301 603-226-3801
Brooks Properties 9 Red Roof Ln. Salem, NH 03079 603-894-1104 Joe Friedman
James Cropsey Real Estate 376 Sanborn Rd. Tilton, NH 03276-5729 603-786-9633 James Cropsey
Cushman & Wakefield of NH 650 Elm St., 4th Floor Manchester, NH 03101 603-669-1854 Thomas Farrelly, Denis Dancoes Dalton Company P.O. Box 1308 Salem, NH 03079 603-893-7261 Edward Dalton Equity Group Realtors P.O. Box 2015 Lebanon, NH 03766 603-526-4000 James Ward Goodnow Real Estate Services P.O. Box 2389 Salem, NH 03079 603-893-5000 Christopher Goodnow Colliers International New Hampshire 175 Canal St., Ste. 401 Manchester, NH 03101 603-623-0100 Bob Roher Jim DeStefano Colliers International New Hampshire 500 Market St., Ste. 9 Portsmouth, NH 03801 David Choate Hastings Real Estate 349 Main St. Dublin, NH 03444 603-563-8104 Bryan Hastings R.E. Haynes Co. 23 South Main St. Hanover, N.H. 603-643-8080 Robert Haynes Hirsch & Company 32 Daniel Webster Hwy. Merrimack, NH 03054 603-886-4700
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NNE Brokers Directory Hodges Development Corp. 201 Loudon Rd. Concord, NH 03301 603-224-9221 Barry Sanborn
Masiello Group Commercial 408 Lafayette Rd. Hampton, NH 03842 603-601-1119 Patricia Visconte
INEX Properties 40 Stark St. Manchester, NH 03101 603-665-6153 Mark Lacombe
McCoy Professionals, LLC 140 Epping Rd. Exeter, NH 03833 603-772-2900 Paul McCoy
Jackman Commercial Realty 526 Fox Hollow Way Manchester, NH 03104 603-645-6441 John Jackman
Paul McInnis, Inc. 1 Juniper Rd. North Hampton, NH 03862 603-964-1301 Chris McInnis
The Kane Company 210 Commerce Way, Ste. 100 Portsmouth, NH 03801 603-430-4000
Premiere Properties 255 So. Main St. Concord, NH 03301 603-224-3373 Scott Walker Donna Rice
Kanteres Real Estate 36 Salmon St. Manchester, NH 03104 603-627-5063 William Kanteres Kingsland Company One Lawson Ln. Ste. 215 Burlinton, VT 05401 802-658-0088 Duncan Harris KW Commercial NH 168 S. River Rd., Bedford, NH 03110 603-836-2700 D Ron Fredette 603-836-2632 D David Grappone Lang McLaughry Spera 93 South Main St. West Lebanon, NH 03784 603-298-8904 The Lannan Co., Inc. 7D Taggart Dr. Nashua, NH 03060 603-888-8950 Harv Levin, Inc. P.O Box 2114 New Castle, NH 03854 800-522-8488
Prolman Realty 100 Elm St. Nashua, NH 03060 603-880-6655 Lisa Ferrari
Norton Asset Mgmt. 196 Bridge St., Ste. 102 Manchester, NH 03104 603-625-9628 Bill Norton Alan Roy Omni Group 824 South Mammoth Manchester, NH 03109 603-669-8050 Hugh R. O’Neil Real Estate 12 Appledore Rd. Bedford, NH 03110 603-472-5130 Hugh O’Neil Original Township Properties 343 Main St. Sandown, NH 03873 603-887-8666 Paul Yunes Peabody & Smith 383 Main St. Franconia, NH 03580 603-823-5700 Michael Coyle Mary Doherty Kenneth Moscdale
McLaughry Commercial 93 South Main St. P.O. Box 5419 West Lebanon, NH 03784 603-298-8904 Bruce Waters
Mark Phillips 35 Hodgdon Farm Lane Newington, NH 03801 603-433-1566
MEG Companies 25 Orchard View Dr. Londonderry, NH 03053 603-434-6700 Andrew Levy
Phoenix Realty Group 9 Cedarwood Dr., Ste. 5 Bedford, NH 03031 603-628-6844 Arthur Slattery
NAI Norwood Group 100 Market St., Ste. 200 Portsmouth, NH 03801 603-431-3001
Points East Properties 111 Bow St. Portsmouth, NH 03801 603-433-3331 Fred Attalla
Nautilus Realty Group 25 Lafayette Rd., North Hampton, NH 03862 603-540-8380
Polimeno Realty 137 Main St., P.O. Box 28 N. Woodstock, NH 03262 Jay Polimeno
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NNE Brokers Directory Prudential Rush Realty 314 Lafayette Rd. Hampton, NH 03842 603-431-8977 Prudential Wiita Family 4 Park St., Concord, NH 03301 603-228-0151 Peter Quinn Commercial 95 Albany St., Box 3 Portsmouth, NH 03801 603-436-3611 REI Service Corp. 763 Chestnut St. Manchester, NH 03104 603-645-6450 Doris Duhamel-Labbe Seaboard Whalen Real Estate Management 118 Maplewood Ave., C-1 Portsmouth, NH 03801 603-436-1870 Greg Whalen Shanley Realtors LLC 4 Greenleaf Woods Rd. Unit 101 Portsmouth, NH 03802 603-436-4808 David Lefebvre
Tamposi-Nash Real Estate Group 400 Amherst St. Nashua, NH 03063 603-889-0009 William Luers
Woodard Associates 45 Lyme Rd., Ste. 306 Hanover, NH 03755 603-643-1508 Michael Woodard
Joy Tarbell Realty 3641 White Mountain Hwy. North Conway, NH 03860 603-356-7200 x11 Joy Tarbell
VERMONT
Tinkham Realty, Inc. 3 McAllisster Dr. Londonderry, NH 03053 603-432-7769 Judy Tinkham Jerry Hersch Town & Country Realty Assoc. 26 Tremont St. Claremont, NH 03743 603-542-5188 Don Chabot VEAR Commercial Properties 456 West Hollis St. Nashua, NH 03062 603-882-6000
Shea Commercial Properties 88 Stiles Rd., Ste. 204 Salem, NH 03079 603-893-7663 Harry Shea
The Valentine Group Three Nashua Rd. Londonderry, NH 03038 603-434-9700 Ralph Valentine
Robert Smaha 32 Bartley Hill Rd. Londonderry, NH 03053 603-203-0344
Weichert Realtors, Points East Properties 400 The Hill – Deer St. Portsmouth, NH 03801 603-812-0183 Fred Attalla
Fini Real Estate Group 169 South River Rd. Ste. 2 Bedford, NH 03110 603-647-6800 Matt Toolin Tom Fini Stebbins Commercial Properties 730 Pine St. Manchester, NH 03104 603-669-6323 x106 Tom Dickson
Windhill Realty, LLC 43 North Rd., Ste. 300 Deerfield, NH 03037 603-463-8887 Windsor Brooks Property Advisors Cocheco Falls Millworks, 100 Main St., Dover, NH 03820 603-750-7501
Bean Group | Vermont 7524 Happy Valley Rd. Taftsville, VT 05073 802-457-8192 Jack Dodd P.O. Box 28 St. Albans, VT 05478 802-233-5656 Granger Real Estate 490 Vt. Rte. 30 Newfane, VT 05345 802-365-7600 Hickok & Boardman 346 Shelburne Rd. Burlington, VT 05401 800-451-5004 Thomas Raub Richard MacKenzie Michael Simoneau Thomas Hirchak Co. 1878 Cadys Falls Rd. Morrisville, VT 05661 802-888-4662 Kelley Real Estate 138 Main St. Ludlow, VT 05149 802-228-5333 Masiello Group Real Estate 218 Main St. Brattleboro, VT 05301 802-257-1111 NAI J.L. Davis Realty 2822 St George Rd. Williston, VT 05495 802-878-9000 Jeff Nick Greg Dirmaier Rick Harrison Neville Companies, Inc. 30 Kimball Ave., Ste. 101 South Burlington, VT 05403 802-862-0208 John Wilking
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Back Cover
April 29-May 5, 2016
New England Real Estate Journal
Visit the paper online nerej.com
Spring/Summer 2016
New England Commercial Real Estate Semi-Annual Guide
NNE Brokers Directory Omega Real Estate Associates, Inc. 203 Cornerstone Dr. Williston, VT 05495 802-872-9392 Nicole Senecal Pomerleau Real Estate 69 College St. Burlington, VT 05401 802-863-8210 John Rao Yves Bradley Redstone 210 College St., Ste. 201 Burlington, VT 05401 802-658-7400 Larry Williams Shire Town Properties, LLC 279 Sunset Lake Rd. Williamsville, VT 05362 802-380-1157 Gordon Bristol
Stowe Realty 245 Mountain Rd. P.O. Box 1348 Stowe, VT 05672 800-639-1812
Vermont Sunrise Business Sales Rutland, VT 05702 802-438-9900 John Colvin
D.R. Symmes & Associates 222 Holiday Dr., Ste. 6 White River Junction, VT 05001 802-295-9400
Wason Associates One New Hampshire Ave., Ste. 125 Portsmouth, NH 03801 603-766-4982
Town & Country Realty Assoc. P.O. Box 280, Rte. 5 Ascutney, VT 05030 802-674-6311
White + Burke Real Estate Investment P.O. Box 1007 168 Battery St. Burlington, VT 05402 802-862-1225
V/T Commercial 186 College St., Ste. 300 Burlington,VT 05401 802-864-2000 Bill Kiendl, CCIM Tony Blake
If you missed this spring New England Commercial Real Estate Semi-Annual Guide, be sure to let us know you will appear in the next winter guide
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Rhode Island Directory
RI Broker ...................................................................................67 RI Appraisal ..............................................................................67 RI Aerial Photographer..........................................................67 RI Broker ...................................................................................68 RI Broker ...................................................................................68 RI Design/Build........................................................................68 RI Broker/Leasing ...................................................................69 RI Civil Engineer, Land Planner, Surveyor ........................69 RI Accounting ..........................................................................69 RI Brokers Directory.........................................................71-72
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RI Broker
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Excellence on Every Level Design / Build Services: Project Test Fits ❘ Project Estimating ❘ GMP Pricing Construction Documents ❘ Construction Services ❘ Tenant Improvements
Dacon Corporation ❘ 16 Huron Drive, Natick, Massachusetts, 01760-1337 ❘ 508 651 3600 ❘ www.dacon1.com
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RI Broker/Leasing Agent
Office Space with State House Views One State Street, Providence
6,000-12,000 RSF Available 9/1/17 with Private Garden & 25 Parking Spaces Building Features: Prime Location Across from State House Marble & Granite Entryway Direct Access to I-95 and Amtrak Station 24/7 Security & Property Management The D.L. Saunders Real Estate Corp., AMO, Exclusive Managing & Leasing Agents 800-782-8537, Ext. 757 •
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Union carpenters Union carpenters make mymycompany make company thethe best. best.
Dave Rampone Dave Rampone President, Hart Engineering President, Hart Engineering Cumberland, RI Cumberland, RI
Construction has always been a tough, competitive business. You want a Construction has always been a tough, competitive business. You want a company who can actually complete a project, not just compete for one. company who can actually complete a project, not just compete for one. Union contractors recognize they need to be at their best every day to win Union contractors recognize they need to be at their best every day to win business and be successful. That’s why they partner with the New England businessRegional and beCouncil successful. That’s whyOur theyprofessional partner with New England of Carpenters. andthe well-trained workforce Regionalemphasizes Council ofsafety, Carpenters. Our professional and well-trained workforce quality and productivity on the job site, helping to reduce risk emphasizes safety, quality and on–the jobright site,time helping tosuccessful reduce risk and maximize value. It’sproductivity the right team at the – for results. and maximize value. It’s the right team – at the right time – for successful results.
The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org The New England Regional Council of Carpenters. It’s time to build. To learn more, visit NERCC.org
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New England Commercial Real Estate Semi-Annual Guide
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RI Brokers Directory Joseph Accetta & Assoc. P.O. Box 8703 Cranston, RI 02920 401-942-0800 Albert Realty, Inc. 1050 Reservoir Ave. Cranston, RI 02919 401-944-7799 Albert Scaralia Andco Properties 170 Amaral St. East Providence, RI 02915 401-434-5900 John Anderson Ayoub Realty LLC 414 Benefit St. Pawtucket, RI 02861 401-724-5000 Philip Ayoub Barrie Shore 245 Waterman St., Ste. 406 Providence, RI 02906 401-421-8170
Capstone Properties Promenade Place 180 Westminster St. Providence, RI 02903 401-454-4660 Paul Griesinger Carpionato Properties 1414 Atwood Ave. Johnston, RI 02919 401-273-6800 Mark Briggs Kelly Coates CBRE | New England One Financial Plaza, 4th Fl. Providence, RI 02906 401-331-0305 Coast Realty One Realty Way East Providence, RI 02914 401-438-1000
Belvoir Properties 17 Virginia Ave., Ste. 100 Providence, RI 02905 401-521-2100
Coldwell Banker Commercial NRT 1985 Mendon Rd. Cumberland, RI 02864 401-333-0010 x500 Ann Foncellino Nichols Tartaglione Raymond Trabulsi
Beretta Realty Co. 869 Smithfield Ave. Lincoln, RI 02865 401-724-7980 Norman Beretta, J.R. Beretta, Michael Glynn
Coldwell Banker Commercial NRT 831 Bald Hill Rd. Warwick, RI 02886 401-739-9500 ext. 3556 Michael Saccoccio
BisMarc Properties 222 Chestnut St. Providence, RI 02903 401-276-8300
CRS Associates, Inc. 16 Mark Fore Dr. West Warwick, RI 02893 401-823-8210 Ron John
Boucher & Co. 600 Cass Ave. Woonsocket, RI 02895 401-766-2200 ext. 204 Marc Cote Butler Realty Group 2915 Post Rd. Warwick, RI 02886 401-886-7800 Jeff Butler
Cushman & Wakefield Hayes & Sherry 146 Westminster St., 2nd Floor Providence, RI 02903 401-273-1980 Peter Hayes Karl Sherry
Elite Commercial 35 Overhill Rd. Warren, RI 02885 401-523-9555 Mike Alves Gooding Realty Corp. P.O. Box 343 Bristol, RI 02809 401-253-3190 KW Commercial Realty 144 Wayland Ave. Providence, RI 02906 401-523-9555 Michael A. Alves L&M Real Estate P.O. Box 9142 Pawtucket, RI 02862 401-723-2262 Lou Metaxas Link Commercial 1150 New London Ave. Cranston, RI 02920 401-463-9988 MG Commercial 365 Eddy St., Penthouse Providence, RI 02903 401-751-3200 Michael Giuttari, Gerald Surprenant George Paskalis Meridian Real Estate 1 Richmond Square Providence, RI 02906 401-455-6804 Alex Mitchell MPM One Citizens Plaza, Ste. 1120 Providence, RI 02903 401-421-5380 John Macliver Olympus Group R.E. 151 Broadway Providence, RI 02903 401-751-9606 Gregory Micallef Paolino Properties 76 Dorrance St. Providence, RI 02903 401-274-6611
Contact Karen Dowell to be listed for FREE!
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RI Brokers Directory Paramount Properties 10 Weybosset St., Ste. 905 Providence, RI 02903 401-273-6100 John Cregan, Daniel Cregan
Re/Max Professionals, Commercial Division 655 Main St. East Greenwich, RI 401-884-6050 David Iannuccilii, Andy Kushner, Jeff Butler
Picerne R.E. Group 75 Lambert Lind Hwy. Warwick, RI 02886 401-732-3700
Residential Properties Ltd. 140 Wickendon St. Providence, RI 02903 401-553-6337
Peter Scotti & Associates 246 Hope St. Providence, RI 02906 401-421-8888 Michael Kern, Peter Scotti Sperry Van Ness 68 Dorrance St. Providence, RI 02903 401-253-2829 Brian Clark
David Reynolds 744 Branch Ave. Providence, RI 02904 401-862-7559
Stone Tower Properties 35 Highland Ave. East Providence, RI 02414 401-434-7300 Bob Nickerson Jack Braverman
Prudential Gammons 461 Main St. East Greenwich, RI 02818 401-886-6100 Allen Gammons
Rodman Real Estate, Inc. 72 Pine St. Providence, RI 02906 401-273-2270 Sheldon Rodman
Universal Properties Group 207 Quaker Ln., Ste. 300 West Warwick, RI 02893 401-828-3500
Randall Realtors GMAC 241 Post Rd. Westerly, RI 02891 401-345-2440 Ed Schilke
R&W Realty Co. 1565 Douglas Ave. N. Providence, RI 02904 401-353-555
Weiss Properties 36 Branch St. Providence, RI 02904 401-751-9800
Salisbury Agency 1057 Post Rd. Warwick, RI 02888 401-781-6886 Art Yatsko
Weller Team Re/Max Five Star 200 Warwick Ave. Warwick, RI 02886 401-738-7800 ext. 729 Jeff Weller Evelyn Weller
The Procaccianti Group 1140 Reservoir Ave. Cranston, RI 401-946-4600 William Walker
RD Denelle & Company 2935 Tower Hill Rd., South Kingstown, RI 02880 401-783-7777 ext. 17 Dennis Denelle, Ron Denelle, Dale Denelle Real Estate Equities, Inc. 6 Tern Drive Wakefield, RI 02879 401-789-0388 Sandy Bilsky Re/Max Landmark, Realtors Westwood, MA 781-320-0020 Christy May
Sweeney Real Estate & Appraisal 170 Westminster St. Ste. 750 Providence, RI 02903 401-331-9300 Thomas Sweeney, SIOR David Wildman Irving Schechtman 141 Power Rd. Pawtucket, RI 02860 401-728-9100
If you missed this spring New England Commercial Real Estate Semi-Annual Guide, be sure to let us know you will appear in the next winter guide Call Karen Dowell, 781-878-4540, ext. 254
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BRIGhT, AIRY SpACE /hIGh-SpEED DATA INFRASTRUCTURE / RENOvATED LOBBY / AMpLE pARkING / pRIvATE ST FLOOR OF MODERN, BUILDING BRIGhT, TWO-STORY AIRY SpACE /hIGh-SpEED DATA INFRASTRUCTURE /
BRIGhT, AIRY SpACE /hIGh-SpEED DATA INFRASTRUCTURE / RENOvATED LOBBY / AMpLE pARkING / pRIvATE OFFICES AND CONFERENC niently Located Near Rte. 146, I-290, I-190, /I-395, I-495 and the Mass. Turnpike RENOvATED LOBBY AMpLE pARkING / pRIvATE OFFICES ANDCONFERENCE CONFERENCE ROOM/ / BRIGhT,LOBBY AIRY/ SpACE /hIGh-SpEED INFRASTRUCTURE /ROOM NEARDATA ShOppING AND RESTAURANTS /A RENOvATED AMpLE pARkING / pRIvATE OFFICES AND NEAR ShOppING /AND RESTAURANTS / A must see! see! NEAR AND RESTAURANTS RENOvATED LOBBY / AMpLE pARkING / pRIvATE OFFICES AND CONFERENCE ROOM / must see! NEARShOppING ShOppING AND RESTAURANTS / AA must
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Back Cover New England Commercial Real Estate Semi-Annual Guide
Spring/Summer 2016
WHO CARES ABOUT OUR
13'6" PANELS? 0'
ANYBODY WITH A DOCK DOOR THAT MEASURES 13'6" ON CENTER
13'6"
The math is pretty simple. If you’re confined to a fixed width of wall panel—especially if it’s narrow—it makes some things more challenging. The Fabcon Precast plant in Mahanoy City, Pennsylvania gives you the unique advantage of panel widths of 8', 10', 12', and even 13'6". So whatever your numbers might be, our panels will measure up to your widest expectations. FABCONPRECAST.COM PRECAST WALL SYSTEMS - ENGINEERING - MANUFACTURING - INSTALLATION
©2016 Fabcon Precast
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Visit the paper online nerej.com
New England Real Estate Journal
April 29-May 5, 2016
Inside Back Cover
