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Attorney
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Design-Build
Webster Collins CBRE
David O’Sullivan O’Sullivan Architects
Christopher Agostino Ruberto, Israel & Weiner
David Kirk Kirk & Co.
Chuck Reilly Dacon
Economic Development
Environmental
Finance
Golf
Hotel
Michael Gallerani Brockton 21st Century Corp.
Stepehn Graham AEI Consultants
Keith Wentzel Fantini & Gorga
Jeffrey Dugas Wellspeak Dugas & Kane
James O‘Connell O’Connell Hospitality Group
Industrial
Insurance
Landscape Architect
Maine
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Spencer Macalaster
Robert Rosenzweig
Risk Strategies Co.
Danna Day Copley Wolff Design Group
Matthew Cardente Cardente Real Estate
Maxine Kenny Colliers International
Property Management
Restaurant
Retail
Rhode Island
Vermont
Christopher Mellen Simon Companies
Dennis Serpone New England Restaurant Sites
Chris McMahon Summit Realty Partners
Michael Giuttari MG Commercial Real Estate
Doug Nedde Nedde Real Estate
Martin Reisner AIDC
Brendan Greene Greater Boston Exchange
Saul Feldman Feldman Law Office
Architect
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Christopher Agostino Ruberto, Israel & Weiner
David Kirk Kirk & Co.
Chuck Reilly Dacon
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Environmental
Finance
Golf
Hotel
Michael Gallerani Brockton 21st Century Corp.
Stepehn Graham AEI Consultants
Keith Wentzel Fantini & Gorga
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Maine
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Spencer Macalaster
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Section B
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New England Commercial Real Estate Semi-Annual Guide
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Risk Strategies Co.
Danna Day Copley Wolff Design Group
Matthew Cardente Cardente Real Estate
Maxine Kenny Colliers International
Property Management
Restaurant
Retail
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Section C
May 27 - June 2, 2016
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Commercial Lending
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Sidney Spiegel, PHH Home Loans
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June 17 - 23, 2016
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August 28 - September 3, 2015
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Peter Scotti Peter M. Scotti & Assoc.
Doug Nedde Nedde Real Estate
Michael Gallerani, Brockton 21st Century
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Rhode Island
47th Annual Convention at the Sea Crest Beach Hotel, North Falmouth, Mass.
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Maxine Kenny Colliers International
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Annual Review December 30, 2016 January 5, 2017 SECTION B
USA $3.95 February 3-9, 2017
Cutler and DiMella Shaffer complete 98,000 s/f apartment complex for Archipelago Investments Project of the Month
ODM PAGES 10-11B
DApice of the Mega Group handles $5.8 million portfolio sale NE COVER A
Cardente Real Estate sells 28 Broad St. for $3.125 million NNE COVER C
City seeking proposals from developers/ investors for 33,000 s/f building at 521 Main St., Hartford ODM PAGE 15B
Property of the Month ODM PAGE 15B
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Sign up for Hot Property Alert! Visit nerej.com/HPA Volume 56 • Issue 05
This Week’s Sections Front Section Northern New England Owners, Developers & Managers Billboard
Columnist
Saul Feldman
Spotlight
Coming February 24!
Maine
2017 New England Industrial Development Resource Guide
NNE PAGES 7-10C
Inside Front Cover
February 3-9, 2017
New England Real Estate Journal
ARCHITECTURE | CONSTRUCTION MANAGEMENT | DESIGN-BUILD
OUR MISSION
To earn lasting partnerships by designing and building exceptional projects as if they were our own.
Hilton Garden Inn - Patriot Place, Foxborough, MA
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MIXED-USE | HOSPITALITY | SENIOR LIVING | AVIATION | COMMERCIAL | INDUSTRIAL
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Quick Read Byrne and Mullen of Transwestern facilitate 46,334 s/f in two leases
EXCLUSIVELY FOR BUYERS, RESIDENCE AT LAFAYETTE NORTH & SOUTH LLC
SEE PAGE 10A
Hobbs Brook Mgmt. completes lobby renovations at Four Points
DApice of The Mega Group handles $5.8 million portfolio sale
176-182 Lafayette Street - Salem, MA SEE LOWER COVER OF SECTION B
Cardente Real Estate sells 28 Broad St. for $3.125 million
SALEM, MA The Mega Group has completed the sale of a 66-unit apartment portfolio in downtown. Brian DApice of The Mega Group facilitated the off-market transaction exclusively representing the buyers, Residence at LafayBrian DApice ette North LLC and Residence at Lafayette South LLC managed by James Gebo and Norman Lee. The portfolio was an estate sale known as “The Dzierzek Salem Port-
10 Dow Street - Salem, MA
folio” and it closed for $5.8 million from the William A. Dzierzek Trust. The sale was recorded on two deeds representing three buildings on the corner of Lafayette and Dow St. at a 6.02% CAP and three buildings on the corner of Lafayette and Cedar St. at a 6.08% CAP, factoring all variables. The addresses for the properties in the portfolio include: 157 Lafayette St., 10 Dow St., 12 Dow St., 176 Lafayette St., 182 Lafayette St., and 7 Cedar St. Gebo and Lee said, “The opportunity presented an immediate benefit with existing under-market rents scheduled to be brought up to market value.” Sean Cummings of Middlesex
155 Lafayette Street - Salem, MA
Federal Savings, FA in Somerville provided the financing in the transaction. An additional $300,000 in the form of a construction loan was also provided by Cummings to improve common areas and to upgrade units as they became available.
Lee said, “DApice and I talk almost daily to discuss investment opportunities in the marketplace offered to them by other brokers and private market deals. His resources and attention to detail has been paramount to me, my partners and our investors.”
Alvarado, Parsons and Santiago of SVN | Parsons Commercial Group broker $4.375m building sale
Prolman Realty completes $4.25 million building sale
305 Foster Street - Littleton, MA SVN | Parsons Commercial Group | Boston completed the sale of 305 Foster St. MarciAlvarado, Jake Parsons and Marilyn Santiago, commercial real estate advisors at SVN | Parsons handled the transaction on behalf of the seller.The new owner, 2641-2651 Santa Anna Avenue LLC, purchased the investment property for $4.375 million. The seller, Foster Street Acquisitions LLC, owned the building since 2010, at that time, the building was nearly vacant. Foster Street immediately set out a plan to reposition the asset.A capital improvement program was put in place upgrading the lobby, cafeteria and common areas. Smaller tenant spaces were created allowing starts ups, who saw tremendous value of being located in this sub-market,
LITTLETON, MA
SEE COVER OF SECTION C
4 Sections 80 Pages Editorial Page.......................... 4A S. Feldman ............................... 4A Referral Network .................11A ODM .................................. SEC. B Project of the Month.....10-11B NNE ....................................SEC. C Maine Spotlight .................7-10C Billboard ........................... SEC. D nerej.com
February 3 - 9, 2017 Volume 56 • Issue 05
Prolman Realty, Inc. has completed the $4.25 million sale of 75-77 Northeastern Blvd. to the nonprofit agency Harbor Homes, Inc. and its affiliated agencies collectively known as the Partnership for Successful Living. Mark Prolman represented the seller, Mandravelis Realty Trust, and assisted the buyer as well. The 88,266 s/f office/flex building is situated on 5.6 acres and is partially occupied by St. Joseph’s Hospital and Hello Direct who plan to remain within the building.
NASHUA, NH
According to Peter Kelleher, CEO of the Partnership for Successful Living, they intend to establish a porMark Prolman tion of the building as the new headquarters for the Partnership’s member-organizations including Harbor Homes Inc., Healthy at Home, Southern NH HIV AIDS Task Force, and Keystone Hall.
the opportunity to be in a quality asset. The result was that most, if not all who did occupy at the time expanded. The 80,064 s/f building accommodates a variety of companies including high tech office and R&D users set on 10.32 acre campus setting. The property is located at the intersection of Rte. 495 and Rte. 2 and is two minutes from the Littleton MBTA Commuter Rail stop on Fitchburg/South Acton commuter line to downtown Boston. The buildings have access to the I-128 inner loop and the I-495 outer beltways plus the Mass. Pike and Rte. 3 into Boston. At the time of sale the property was over 80% occupied with high tech, medical device and software tech companies including credit tenants and publicly traded companies.
Inside Cover A February 3 - 9, 2017
New England Real Estate Journal
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544COLUMBUS 9-Unit Multi-Family Brownstone
| South End | Boston, MA
INVESTMENT HIGHLIGHTS Rarely Available Asset High Barrier to Entry Market Stable Income with Upside Potential Transit-Oriented Unmatched Location & Superior Area Amenities
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NICHOLAS M. HERZ Managing Director & Partner 617.850.9624
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KEVIN BENZINGER Associate 617.850.9647
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Collaborative culture of experienced Investment Real Estate Professionals
COLLABORATIVE CULTURE + RELATIONSHIP FOCUSED + DEFINED EXPERTISE
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Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Recently recognized by Globe Street and Real Estate Forum as one of the “Top 20 Retail Sales Brokers” in the Industry, our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. We have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. We have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.
www.HorvathTremblay.com 600 Market Street – Suite 686 | Lynnfield, MA 01940 Main: 781-776-4000 | Fax: 781-823-0245 |
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Also, plea se take a minute to wri review on te a Yelp.
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Real Estate Law
Current condominium issues
ery Clean ell it Co petiti e ates oxes acking pplies re aila le ach nit lectronically lar ed ong er isco nts
rand pening pecials ll Cli ate Controlled nits o r ideo ecording re ay pecials esidential Co ercial
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ALL-PHASE ELECTRICAL
811 Washngton Street, Suite #5 Pembroke, MA 02359
Tel: 781-826-5300 Fax: 781-826-5377
[email protected] John Forde and John Jordan co-owners
In the past, condominium associations were concerned with issues involving pets, parking and antennas. I was asked to amend condominium trusts for these three matters.
Another “hot” issue today is online home-sharing services such as an Airbnb. I have been asked to draft amendments to condominium trusts banning home-sharing services such as an Airbnb. These home-sharing services create problems, such as noise that may last into the night and strangers posing a security threat and leaving the common areas in a dirty and damaged condition. More recently, smoking became an issue and I have been drafting amendments to ban smoking. Today this issue has been expanded to cover marijuana. As it remains illegal under federal law, some associations want to ban it, as part of the ban on smoking. Most associations want an exception for the use, possession and consumption of marijuana for medical purposes in the condominium unit, provided a letter from a medical doctor is provided stating that marijuana is needed to treat or improve symptoms. Another “hot” issue today is online home-sharing services such as an Airbnb. I have been asked to draft amendments to condominium trusts banning home-sharing services such as an Airbnb. These home-sharing services create problems, such as noise that may last into the night and strangers posing a security threat and leaving the common areas in a dirty and damaged condition. Perhaps the real lesson is that many condominium trusts are outdated and have to be amended and restated in 2017 to address these and other issues.
Saul Feldman is a real estate attorney with Feldman Law Office in Boston, Mass.
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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. 56, No. 05 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 o o ec e we e ici e in o i ing o e m comme ci l e l e e n ncing. Continually, we have met the needs of our clients and have adjusted to the marketplace with creative alternatives. eo e ic e on e n lo ing o e e e lo n e iew b e l e o e ion l e e ience in ll ce o e l e e om e elo men o m n gemen
e
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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ALSO ARRANGES $9 MILLION ACQUISITION/BRIDGE FINANCING
Colliers International handles $9.061m sale of two office buildings WALTHAM, MA Colliers International
Most of all; when you want it right Call us! Aerial and Ground
AERIAL BOSTON PHOTOGRAPHERS Tel 617-491-7474
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Serving the Construction and Real Estate Professionals for over 25 Years
KING & NEWTON COMMERCIAL REAL ESTATE www.KingNewton.com
of Massachusetts
has completed the $9.061 million sale of a two-building office and flex portfolio on behalf of Schernecker Property Services. The sale was completed by Colliers’ investment sales team, consisting of Doug Jacoby, Scott Dragos, Tony Hayes, Tim Mulhall and Dan Hines. The portfolio was acquired by btcRE, a boutique Boston-based commercial real estate investment and consulting firm. It offered an appealing opportunity to acquire two first-class assets in the suburban market. The portfolio includes 179 Bear Hill Rd. and 283 Second Ave. 179 Bear Hill Rd. is a 40,000 s/f office and warehouse building. 283 Second Ave. is an 18,000 s/f flex building that is fully leased to MSPCA, a local non-profit that protects animals, relieves their suffering, advances their health and welfare, and prevents cruelty. Mulhall said, “The acquisition was a success for both Schernecker Property Services and btcRE by providing a great value to the seller, but also allowing btcRE the flexibility to reposition 179 Bear Hill Rd. into creative office space, taking advantage of Greater Boston’s most dynamic suburban submarket.” Colliers International’s Capital Markets group, led by Tom Welch, Adam Coppola, and John Poole arranged a $9 million acquisition/ bridge financing with a Massachusetts based loan fund on behalf of btcRE.
Erland Const. celebrates 40th anniversary Four decades ago, Erland Construction opened its doors. It was 1977 and five employees started working in the company’s original office in Northwest Park, where Erland built its first projects for the Nordblom Co. These initial projects included new construction and renovations to existing buildings designed for R&D/office use. Erland’s cooperative, honest and respectful approach helped the firm land nine additional projects before the end of its first year. Today, Erland employs 105 people and has completed more than 600 projects throughout the region, ranging from multifamily residential to academic to senior living.
BURLINGTON, MA
Among its current projects, Erland is the construction manager for the 3rd Ave redevelopment in Northwest Park. The former suburban office park, where Erland began 40 years ago and remains today, is now a destination for residents, hotel guests, shops, restaurants and entertainment, as the company helps to transform its own neighborhood. “We value the long-term relationships that we’ve built with our clients over the years,” said Steven McDonald, president of Erland, who joined the firm in 1986. “There’s nothing more rewarding than bringing our client’s vision to life and seeing all of the hard work our team has put into a project pay off when it’s completed.”
Certified Commercial Investment Member Thomas R. King, MAI, CCIM
Help Us Grow Our Multifamily Portfolio!
Thomas R. King, MAI
Brokers Consultants Appraisers
Call Director of Acquisitions, Stephen Gladstone at 617-323-8800
Markets may move up and down, but Chestnut Hill Realty always moves forward. Founded by Ed Zuker in 1969 we own and operate apartment communities in Eastern
47 years and
Growing
Massachusetts and Rhode Island. Chestnut Hill Realty is committed to customer service, environmental
155 Maple Street, Suite 306 Springfield, MA 01105
413-732-2300 NE NY Tel: 781-878-4540
sustainability and strategic growth.
Chestnut Hill Realty
Visit us at www.chestnuthillrealty.com
Managing People’s Homes with Pride
300 Independence Drive, Chestnut Hill, MA 02467
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639 Granite Street Braintree, MA 02184 781-848-2500
Professional Developers, Owners and Managers of Commercial and Multifamily Real Estate Since 1966. Contact us to learn how our www.simoncompanies.com
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Financial Management and Accounting Property Management and Maintenance Leasing Services Project and Construction Management Additional Advisory Services
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153-UNIT HIGH RISE PURCHASED BY AFFILIATE OF AKELIUS US
Distinguish Yourself. Hire a CCIM.
Butler and St. John of CBRE handle $64.25m sale of Carson Tower CBRE/New England’s Capital Markets team completed the sale of Carson Tower, a 153-unit
SOUTH BOSTON, MA
Commercial real estate owners, users and investors are increasingly looking to the expertise of Certified Commercial Investment Members. CCIMs are backed by an exceptional education in investment real estate and a thorough understanding of the marketplace. Individual investors, small businesses, corporations and institutions look to CCIMs for knowledgeable direction in all aspects
Simon Butler
of the commercial property transaction. Discover why only 6% of all commercial real estate professionals hold the elite CCIM designation.
CALL YOUR
800-621-7027 www.ccim.com
LOCAL CCIM.
781-878-4540 PROOF Tel: Fax: 781-871-1853
NE NY REAL ESTATE JOURNAL Changes Section: From: Run Date:
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Biria St. John
high-rise apartment community, for $64.25 million. CBRE/NE multi-housing experts Simon Butler and Biria St. John exclusively represented the seller, a joint venture between Fairfield Residential and an institutional partner, and procured the buyer, an affiliate of Akelius US LLC. “We are pleased to have facilitated
the sale of Carson Tower on behalf of our client, who had acquired the community in 2006,” said Butler. “The sale marked the successful conclusion to an investment that
yielded strong results for the seller, while at the same time offering the buyer an opportunity to add value through upgrades to both the apartment homes and the common areas, as well as acquire the asset at a significant discount to today’s replacement costs in the dynamic South Boston neighborhood,” said St. John. Carson Tower was built in 1973 and is comprised of a single seven-story high-rise apartment building located on Carson Beach and offers access to downtown Boston and Cambridge. The community consists of 153 apartments containing 58 one-bedroom, 81 two-bedroom and 14 three-bedroom units with an average size of 763 s/f.
FD Stonewater selected to deliver new facility for state of Maine in Augusta AUGUSTA, ME FD Stonewater has been awarded the exclusive rights to negotiate a 30-year lease contract with the State of Maine Bureau of General Services (BGS) for the purchase and redevelopment of the Maine DOT 109 Capitol St. The parcel consists of 9.2 acres with eight connecting buildings and other out-buildings situated two blocks from the State Capitol. The existing structures on site would be demolished to make way for an 89,000 s/f facility for the Department of Health & Human Services. Construction is to commence in mid-2017. The design team is comprised of HGA Architects based in Alexandria, VA and Mainebased Mark Mueller Architects. The general contractor is Landry/French. FD Stonewater principal, Claiborne Williams, said, “We are thrilled to have been chosen to be the State of Maine’s development partner on this important assignment which, while delivering a high-quality build-to-suit for a State agency, will also revitalize a large land parcel in the heart of Augusta. Our national expertise in government-occupied real estate, along with the proven track records of our team partners in delivering projects across the State of Maine, are tailor-made for this endeavor. We are truly excited about the opportunity to deliver a new facility which will meet the State’s mission for the next 30 years and beyond.”
New England Real Estate Journal
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February 3 - 9, 2017 9A
2 0 1 7 S UMMIT
Cannabis in Commercial Real Estate February 8, 2017
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10A February 3 - 9, 2017
New England Real Estate Journal
nerej.com
ON BEHALF OF SUN LIFE FINANCIAL INC. AT 300 GRANITE ST.
Excellence on Every Level
Byrne and Mullen of Transwestern facilitate 46,334 s/f in two leases BRAINTREE, MA Transwestern represented Sun Life Financial Inc. in two leases totaling 46,334 s/f at 300
Robert Byrne
16 Huron Drive Natick, Massachusetts 01760-1337 508 651 3600 www.dacon1.com
Chris Mullen
Granite St. Robert Byrne, senior vice president, and Chris Mullen, vice president, brokered the leases, bringing the building to 82% occupancy. “Fidelity Investments’ decision to depart 300 Granite St. opened up space in one of the most recognizable and attractive buildings in the market,” said Byrne. “We were determined to secure leases with credit-worthy
300 Granite Street - Braintree, MA tenants that would benefit from the building’s signage opportunities, retail presence and extensive renovations to the lobby and common areas.” Liberty Bay Credit Union signed a new, 31,130 s/f lease for its corporate
headquarters and primary banking branch on the building’s third and first floors. Liberty Bay, which is moving from the adjacent 350 Granite St., was represented by Michael Frisoli and Peter Whoriskey of Newmark Grubb Knight Frank. Altra Industrial Motion Corp. renewed and expanded its corporate headquarters lease on the second floor to bring the company’s total lease to 15,204 s/f. Altra was represented by John Dolan of McCall & Almy. 300 Granite St. is a four-story, 89,466 s/f, class A office building located at the intersection of Rtes 128 and 3, adjacent to the South Shore Plaza. In addition to a full-service cafeteria at the property, nearby amenities include restaurants, retail and hotels.
Berkadia relocates to 10 Milk St. in Boston’s Financial District
Berkadia has relocated its Boston office to accommodate the company’s growth. Situated in the city’s Financial District at 10 Milk St., Suite 720, the team’s expanded location sets the stage for increased production activity on both a regional and local level. The move co-located a diverse group of professionals previously housed in various offices throughout the greater Boston area. Managing director Ryan Nelson, director Anthony Golebiewski and associate director Todd Rixon will focus on conventional originations for all commercial property sectors and multifamily through Berkadia’s Fannie and Freddie platforms, life companies and banking relationships. Senior director Gemma Geldmacher will focus on multifamily and affordable housing through the company’s Fannie, Freddie and HUD platforms. The team’s expansion comes in anticipation of an active year ahead. The city lending environment is expected to flourish due to a strong economy, supported by solid employment and a high-end job market. Berkadia’s expansion comes on the heels of the relocation of its Houston office, which also recently relocated to support increased production volume.
BOSTON, MA
New England Real Estate Journal
nerej.com
February 3 - 9, 2017 11A
Referral Network This Week’s Real Estate Specialist-Burlington, Massachusetts 55 Cambridge St., Burlington, MA 01803 781-272-2899 www.rjkellycompany.com
INCLUDING AN 11,942 S/F TENANT REP DEAL FOR COASTLINE ENT.
DeWolfe joins GBCP brokerage team and handles 25,192 s/f in leases Greater Boston Commercial Properties, Inc. (GBCP) welcomed Tyler DeWolfe to its brokerage team in September. His resume already includes a 25,192 s/f leasing spree, as well procuring a direct buyer Tyler DeWolfe for a 38,000 s/f building at 123 Washington St. in Holliston that he just put under agreement. The largest of the four leases was an 11,942 s/f tenant rep deal for Coastline Enterprise at 908 Boston Turnpike in Shrewsbury. DeWolfe’s handling of this client’s market search has earned him a reference for thorough and meticulous work that would typically be reserved for a seasoned broker. The other leasing assignments he recently completed were all direct deals on exclusive leasing assignments as follows: • 5,000 s/f flex unit at 9 Kane Industrial Park in Hudson to Mech-el Industries, Inc.; • 5,500 s/f new construction
Catherine Finn, CPA, has joined G.T. Reilly & Company as senior tax and business services accountant. Finn has worked with a wide variety of businesses and nonprofit organizations since starting her accounting career. She has extensive experience
with small business accounting and payroll systems, including QuickBooks. She has worked in public and private accounting, and has provided bookkeeping, tax, payroll and accounting services to small businesses for nearly 20 years.
West Hartford, Conn.
Cheshire, Conn.
Northern Rhode Island
NORTHBOROUGH, 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.
Southeastern Mass.
Londonderry, N.H.
508-272-9910 Tony Baldwin, CCIM One Park Place, Plymouth, MA 02360 www.baldwin-realestate.com
[email protected]
Residential, Commercial and Industrial
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Nashua, N.H.
TINKHAM REALTY
Route 102, Londonderry, NH 603-432-7769 / Fax: 603-434-1545 www.tinkhamrealty.com email:
[email protected]
René L. Poyant, Inc. REAL ESTATE MANAGEMENT
908 Boston Turnpike - Shrewsbury, MA freestanding industrial building on Rte. 62 at 542 Main St. in Hudson to a landscaping company. • 2,750 s/f direct deal sublease in a manufacturing space at 122 South
St. in Hopkinton to Millibar. DeWolfe lives in his hometown of Hopkinton, and is a recent graduate of The University of New Hampshire with a degree in Finance and a focus
G.T. Reilly & Company hires Finn as senior tax and business services accountant MILTON, MA
www.brodercommercial.com
BERETTA REALTY CO. Since 1965
43 North Main Street West Hartford, CT 06107 860-249-1540
We Cover the State 330 South Street, Cheshire, CT 06410 203-234-9000 / Fax 699-9316
Connecticut River Valley
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Arnold Peck’s
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[email protected] 869 Smithfield Ave., Lincoln, RI 02865
Providence, R.I.
PROLMAN REALTY 100 Elm St. Nashua, NH 603-880-6655
Post Office Square, 20F Camp Opechee Rd. Centerville, MA 02632 508-775-0079
[email protected]
[email protected]
Western Mass.
Portsmouth, N.H.
Macmillan and Son, Inc.
Commercial, Industrial, Investment Real Estate Services 1550 Main St., Ste.104, Springfield, MA 01103 413-736-8338
Worcester, Mass.
The Kane Company 603-430-4000 netkane.com
Southern New Hampshire Verani Realty COMMERCIAL SERVICES
446 Main Street, Suite 2200 Worcester, MA 01608 Commercial-Industrial Div. 508-755-0707 www.kelleher-sadowsky.com
Res/Comm’l/Ind Consultants One Verani Way, Londonderry, NH 03053 800-392-2377
Space Available
Central New Hampshire
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Brenda Litchfield, CCIM
To list your company call Karen Dowell 781-878-4540 x254
[email protected] nerej.com
Concord Commercial, LLC
Burlington, Mass.
Hanover/Lebanon, N.H.
2½ Beacon Street, Suite 159 Concord, NH 03301
603-225-3200
[email protected]
McLaughry Commercial
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
Commercial Real Estate
www.townandcountryrealty.com
[email protected]
680 Boston Post Rd., Milford, CT 06460 203-877-1345 / Fax: 203-877-6090
[email protected]
146 Westminster Street, 2nd Floor Providence, RI 02903 401-273-1980/Fax 421-4207 www.hayessherry.com
Vermont
South Windsor, Conn.
Warwick, R.I.
800-542-5188
55 Cambridge St., Burlington, MA 01803 781-272-2899 www.rjkellycompany.com
Bruce Waters 93 S. Main St., W. Lebanon, NH 03784 603-298-8904
Andover, Mass.
Bedford, N.H.
Fo
Vermont’s Commercial Real Estate Leader Since 1987
Sales & Leasing Buyer/Tenant Representation Site Selection
29 Church St.,Burlington, VT 05401 802-878-9000, www.jldavisrealty.com
Mark F. Butler, Specialist
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800-292-1102
950 Sullivan Ave., #19 South Windsor, CT 06074
[email protected]
www.ButlerRealty.us or email Jeff Butler at
[email protected] Trusted Real Estate Service Since 1977 401-886-7800
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 Bedford NH • 603-668-7000January 28 Deer Street Suite 301 Coldstream Office Park 175 Lincoln Street • Manchester, NH Portsmouth, NH • 603-431-3001 Newly redeveloped 2,550+/- SF office/industrial 116 South River Road • Bedford, NH unit New windows, natural timber columns Several Class A office units avail for immed occup. throughout, sandblasted walls, wood ceiling and www.nainorwoodgroup.com Units vary from 911+/- SF to 2,181+/- SF, & a is handicapped accessible One loading dock. 3,899+/- SF stand-alone building . Units can acLease Rate: $7.50 psf, nnn. Norwood for details.
Same photo as January
Call Chris
commodate a variety of users. Lease rates vary. Some units broker owned. For more info, call Louise or Chris Norwood.
Same photo as January
15 Con
Several C 1,771+/- S able in on with conv Lease rate $1.50 psf tact Perry
New England Real Estate Journal
12A February 3 - 9, 2017
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SOLD TO AN UNDISCLOSED BUYER BY MOLANFAMILY LP
West and Osgood of MANSARD broker $2.175 million building sale
Any questions please contact us at 800-654-4993 or email at
[email protected] 66 Holton Street - Woburn, MA WOBURN, MA Howard West and Nick Osgood of MANSARD facilitated the sale of 66 Holton St., which is
DiCicco, Gulman & Company LLP acquires Forman, Itzkowitz, Berenson & LaGreca, P.C. WOBURN, MA According to DiCicco,
Howard West
Nick Osgood
a 29,600 s/f industrial building. The undisclosed buyer purchased the site for $2.175 million from Molanfamily LP. The property will be redeveloped into a multi-unit industrial facility. MANSARD’s team helps a select group of individuals, families, businesses and institutions acquire, lease, manage and sell commercial real estate, which includes retail, office, industrial, and multifamily properties. MANSARD uses a proprietary approach called The MANSARD Method to position every real estate opportunity in a unique, special and different way. MANSARD is headquartered in Reading.
Gulman & Company LLP (DGC), a CPA and business consulting firm, effective January 1, Forman, Itzkowitz, Berenson & LaGreca, P.C. (FIBL), joined DGC. FIBL is a certified public accounting firm which has served Massachusetts companies and individuals since 1928. For almost 90 years, FIBL has specialized in tax, accounting, and consulting services for closely-held businesses and high net-worth individuals. Joining DGC will be managing partner, Carl LaGreca and his team of ten audit, tax and operations professionals. “We have known Carl LaGreca for many years and admire the firm he has built, so this is a particularly exciting time for us,” said Laurie Austin, managing partner at DGC. “We share a commitment to building long-term client relationships, and we believe that together we will continue to provide the high standard of service which our clients are accustomed to.”
“While we are very proud of the history of our firm, we also recognized that the next step for our team and clients was to merge with a firm of comparable quality, that would enable us to expand services to our clients,” said Carl LaGreca. “DGC shares our philosophy of helping clients grow and succeed, and the merger will broaden and deepen our existing industry specializations.” With the addition of FIBL, DGC will now have over 140 professionals and offices in Boston, Waltham and Woburn. DGC is a CPA and business consulting firm specializing in services for privately held companies and high net worth individuals. Their experience and industry expertise enable them to suggest new approaches and offer proactive, innovative solutions. As a regional, independently owned firm they are nimble and focused on their clients’ needs–decisions are made locally and solutions are customized for each client.
New England Real Estate Journal
Connect Directory Join our growing list of companies! One of the top ten pages visited every month on the NEREJ website Contact John Picard,
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February 3 - 9, 2017 13A
2017
Northern New England
Office & Industrial Summit
February 23, 2017 The Event Center at The Courtyard by Marriott Nashua, New Hampshire
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Evaluation of the office market and what tenants require today
Sponsorship and Speaking Opportunities Available. Register today for Early Bird rate $89, at the Door $129
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Speakers Pasquale Napolitano Hydro International Chuck Sink ChuckSinkLink Robert Duval TF Moran John Sokul Hinckley Allen
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New England Real Estate Journal
14A February 3 - 9, 2017
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Choosing your first commercial investment Michael Alves Keller Williams Commercial
First-time commercial real estate investors have a lot to consider before making the leap into a competitive and complex market. A retail space, office building or warehouse is a much different investment than a rental apartment or single-family home. While the financial rewards are typically higher in commercial properties, so too are the risks. Here are a few things to keep in mind while choosing your first commercial investment: Financing: Commercial real estate is a whole new game for rookie investors. Make sure you have your financing figured out before making any offers. You’re typically looking at a large down payment to get your foot in the door, along with higher due diligence costs after an offer is accepted. I can refer you to some commercial lenders my clients have worked with in the past. Size: How big of a space can you finance? The answer may be bigger than you think. Solid financial standing is a prerequisite to even considering a commercial investment, so if you’ve made it this far into the process, it could be wise to use your commercial loan to spring for a larger property that will
yield a higher return. In apartment buildings, the cost per unit decreases as your volume increases. We can run the numbers for several differ-
an experienced investment partner can be the difference between making and losing money on your first investment. With the extra financial
First-time commercial real estate investors have a lot to consider before making the leap into a competitive and complex market. A retail space, office building or warehouse is a much different investment than a rental apartment or single-family home. While the financial rewards are typically higher in commercial properties, so too are the risks. ent properties so you can compare projected cash flows and expenses. Niche: Who are you trying to rent to? If you’re investing in a small retail space in a commercial plaza, think of what types of businesses you’re trying to attract. If you’re looking at a waterfront warehouse, what kinds of manufacturers does the layout lend itself to? It’s important to have a vision for your investment before signing the paperwork. Location: How much potential does the surrounding area have? Is it prime for new development or already established? Your first commercial investment likely won’t be a massive headquarters that corporations will flock to, so you’re really investing in a location as much as you are the space itself. Partners: While you learn the ins and outs of commercial real estate,
strength, partners can also help you compete for commercial real estate that you wouldn’t otherwise be able to consider. Patience: Most importantly, be prepared to spend hours, days, weeks and months on your new endeavor. You’ll be researching locations, learning laws, building professional relationships and viewing properties. Patience is the mark of a savvy real estate investor. These are only the basics of commercial real estate. For more information and guidance, contact me and I’ll be happy to offer a consultation. Let’s make your first commercial investment a success that leads to profits and future investments.
Michael Alves is regional commercial director at Keller Williams Commercial, Cumberland, RI.
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New England Real Estate Journal
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February 3 - 9, 2017 15A
Thru the Years New England Real Estate Journal
Quick Read MassArt opens $40.4 million 40,000 s/f Design and Media Center
The Stubblebine Co. brokers $2.105m sale for Charlie Lanagan
Volume 55
Issue 06
nerej.com
February 5 - 11, 2016
245 WEST CENTRAL ST. WAS SOLD BY SNAP-ON CORP. TO SOUTH NATICK PARTNERS, LLC
The building located at 621 Huntington Ave. was designed by Susan Rodriguez of New York-based Ennead Architects. SEE PAGE 6A
1 Year Ago
Curtis Construction completes Just-A-Start’s Bishop Allen Apts.
Johnston of R.W. Holmes & Brosler of MetroWest handle $2.35m sale
Brady Sullivan Properties brokers two portfolio sales totaling $29m
The two commercial real estate portfolios in Manchester and Nashua consisted of 775,000 s/f. SEE COVER OF SECTION C
4 Sections 84 Pages Editorial Page .............................. 4A S. Feldman.................................... 4A Referral Network ........................ 9A ODM .......................................SEC. B Green Buildings ...................11-14B Northern New England ....... SEC. C Spot/Maine .............................7-14C Billboard................................SEC. D facebook.com/nerejournal twitter.com/nerej youtube.com/NEREJOURNAL nerej.com printed on recycled paper
Timothy Rock of General Truck Center purchased 109-115 Lindberg Ave. SEE PAGE 6A
Joseph Props. purchases 94,572 s/f warehouse building for $4 million
NATICK, MA R.W. Holmes Realty Co.,
Inc., a leading, Massachusetts-based commercial real estate brokerage
Craig Johnston MassDev., Boston Private, Brookline Bank, MHIC, and the Mass. DHCD provided over $5.4 million for rehab at the property. SEE LOWER COVER OF SECTION B
New England Real Estate Journal
Quick Read
Roger Dieker and Mike Tamposi of CBRE|New England were the listing brokers. SEE LOWER COVER OF SECTION B
Eric Brosler
firm, has completed the sale of 245 West Central St., on behalf of the seller, Snap-On Corp., for $2.35 million. South Natick Partners, LLC, purchased the 44,950 s/f office/warehouse facility. Craig Johnston, senior vice president at R.W. Holmes Realty, represented Snap-On, while Eric Brosler, owner of MetroWest Commercial Real Estate, LLC, represented South Natick Partners, LLC. “Boasting a premier location in the MetroWest market with easy access to major roads, public transit, and nearby amenities, 245 West Central St. presented a valuable acquisition opportunity,” said Johnston. “The flexible working environment, large parking lot, and visibility from the road will be key factors when leasing the building, which is able to accommodate a variety of tenant types.”
245 West Central Street - Natick, MA Situated on 2.5 acres of land along Route 135, 245 West Central St. is equipped with four tailboard doors, one drive-in loading dock, and 100 parking spaces, making it an ideal setting for users requiring flex, R&D, or industrial space. The facility provides easy access to Rtes. 9 and 30, as well as the Massachusetts Turnpike, and sits just 18 miles from Logan International Airport. Additionally, West Natick Commuter Rail Station is located nearby, offering an ideal location for commuters. Notably, South Natick Partners, LLC, has planned a capital improvement campaign to renovate 245 West Central St., and will occupy a portion of the facility.
Conference show optimism for Maine real estate in 2016 - MEREDA Index at 100 PORTLAND ME At a downtown Portland
conference hosted by the Maine Real Estate & Development Association (MEREDA), more than 800 real estate professionals from across the state celebrated the market’s return to pre-recession, 2006 levels. The latest numbers from The MEREDA Index, an economic metric meant to gauge activity in commercial real estate, residential real estate and construction, came in at 100. While slightly lower than its immediate predecessor, “the latest number is reflective of the strong real estate economy, and is a very solid indicator of the strength of Maine's real estate
market,” said MEREDA president Michael O’Reilly. “Commercial real estate activity continues to be a strong driver -- but, for the first time, residential activity was a big contributor as well,” continued O’Reilly. “In fact, residential saw sales of existing units up 14% and eclipsing the base year of 2006 for the first time. Median price, mortgage originations and residential permits were also trending upward.” The annual conference also featured about a dozen experts, forecasting future market activity by property type and geography. •for full story visit nerej.com•
Founder’s Message
Street-Works Dev. and The Beal Cos. to redevelop downtown Quincy
How would you really like to make your living? Socrates said, “If you are fortunate enough to make your living doing what you are passionate about, you will never work a day in your life.” Or something like that. Well, we all got the point he was making, and how many of us are fortunate enough to reach that goal? One out of ten? I don’t think so. Maybe closer to one out of one hundred? My first passion was baseball. I played second base Roland Hopkins and was lead-off hitter for a championship town team, and won a reversible jacket that I still have and can occasionally wear because it is still just like new. I batted .250 and realized only too soon that I had no future with the Red Sox or Yankees. So a few years later, attending college, I worked part time at a radio station spinning records. What could be more fun than that? I even went on after college to do that full-time for a living and decided that my real passion then was to be a sportscaster. I finally got my chance to announce a league softball game, but never got any further in that industry. Several years later I got a chance to write a weekly sports column in a small newspaper, and finally realized what Socrates was talking about. The newspaper owner offered to pay me, but I refused. I was doing something that I was passionate about and couldn’t wait for the next week to arrive. I could have written that kind of weekly article for the rest of my life, but oops! The newspaper folded. End of my passionate job. So that’s the reason that most of the profiles we print in the Journal end up with the final question, “If you weren’t successfully doing the job you have now, and could make a good living doing whatever you choose, what would it be? I decided to check our files of old profiles and was quite interested in the answers. The majority who were very very wealthy said that if they could have chosen, they would not have been any where nearly as wealthy. One shopping center developer would have been a fisherman. A hotel owner, who confessed to hating his business, would have been a been a rock star and still had a three man group that entertained when invited. A short guy who was a leading appraiser would have been a race track jockey and still owned a few cheap race horses. At the end of one interview I remember questioning the successful real estate owner to why he had left out a five CONTINUED ON PAGE 8A
A $1.6 billion, 3.5 million s/f new development on 20 acres in Quincy Center. SEE COVER OF SECTION C
4 Sections 80 Pages Editorial Page .............................. 4A S. Feldman.................................... 4A Referral Network ...................... 11A Thru the Lens ............................. 13A Northern New England .......SEC. B Maine Spotlight .....................5-16B Project of the Month .............9-12B ODM. ...................................... SEC. C N.E. Billboard .......................SEC. D
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Volume 51
Issue 05
nerej.com
February 3 - 9, 2012
TO VOCELL BUS COMPANY, INTERLINE BRANDS, AND GENERAL INSULATION
Regazzini of Combined Properties brokers three lease renewals totaling 76,318 s/f MALDEN, MA Combined Properties, Inc. recently completed three lease renewals at 378 Commercial St., a 114,920 s/f industrial building. Vocell Bus Company, Interline Brands, and General Insulation together have renewed a total of John Pereira 76,318 s/f. Vocell Bus Co., New England’s leading school-bus transportation company locally owned and operated by the Goodman family, occupies 16,000 s/f. Interline Brands, a leading direct marketer and distributor of plumbing, electrical, and security hardware, HVAC and related products, occupies 20,000 Greg Regazzini s/f. General Insulation, a major distributor of commercial and industrial insulation, HVAC products, and fire stop products, occupies 40,318 s/f at 378 Commercial St. “Vocell, Interline, and General Insulation are both tenants and neighbors, as 378 Commercial St. is just a couple doors down from our corporate offices,” said John Pereira, president of Combined Properties. “We are committed to providing outstanding service and property management so that these companies can continue to successfully operate and thrive in Malden.”
Greg Regazzini, Combined Properties’s vice president and director of leasing, represented the landlord in all of the above transactions. This warehouse/manufacturing space on Commercial St. offers surface parking and a location 10 minutes to downtown Boston and 15 minutes to Logan International Airport. Tenants benefit from access to major routes including 60, 28, 16, I-93, and I-90 and the MBTA’s Wellington Station on the Orange Line. •for full story visit nerej.com•
5 Years Ago
378 Commercial St., Malden, Mass.
REPS GALAXY DEV. IN PURCHASE - GRUBB & ELLIS REPS SELLER
Mayrand and Kelleher of Kelleher & Sadowsky arrange $2.75m sale Galaxy Development LLC of Auburn has purchased Cranston Print Works Co., 2 Worcester Rd., at Rtes. 12 and 16 near I-395 for $2.75 million. Galaxy Development is planning to build a shopping center on Matthew the site. GalMayrand axy Development was represented by Matthew Mayrand and William Kelleher of Kelleher & Sadowsky Associates, Inc. In September 2011, the planning board app r ove d t h e development plan, which includes 75,000 William Kelleher s/f of retail space. The 9.05 acre site was sub divided from the larger 40 acre site. Cranston Print Works is marketing
WEBSTER, MA
Cranston Print Works Co., 2 Worcester Rd., Webster, Mass. the remaining 30 acre parcel improved with a 104,000 s/f warehouse building. Anthony Caner, Grubb &
25 Years Ago
Ellis Company represents Cranston Print Works. •for full story visit nerej.com•
45 Years Ago
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New England Real Estate Journal
16A February 3 - 9, 2017
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Reprinted from February 21, 1963 issue of the New England Real Estate Journal CHARLESTOWN, RI The United Nuclear Corporation plans to build on a 1,200 acre site a $7-10 million nuclear plant. The company, one of the largest suppliers of nuclear fuel (uranium & others) in the country, plans to use the plant for nuclear fuel processing and a fabrication center. The land, which borders on the Pawcatuck and Indian Cedar Swamp waterways, is valued at some $300,000 and negotiations for the purchase are expected to be consummated soon. President of the United Nuclear in Washington, D.C., Richard D. Bokum, said that construction of the first of several buildings is slated to start in the coming spring. The project will employ more than a thousand personnel and will supply fuel for military, commercial and research reactors. The completion of the entire plant will take several years. Governor of Rhode Island, John Chafee, was impressed about the project and happily said “It will be a tremendously exciting thing for us here in Rhode Island.” Speaking in favor of progress, for Rhode Island’s sake, the Governor felt that the nuclear fuel plant will bring one of the “new science-oriented industries that we are anxious to have.”
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February 3 - 9, 2017 17A
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New England Real Estate Journal
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Industrial Development Opportunities
Beverly, Massachusetts
For Sale or Lease - Six lots directly abutting Route 128
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Dunham Ridge campus in Beverly offers prime industrial development opportunities in an easily accessible location just off Route 128. Cummings Properties is willing to finance, construct, and sell (or lease) buildings on a build-to-suit basis. Alternatively, buyers may opt to construct a building themselves. Cummings’ highly experienced Industrial Development Team is available to guide businesses through the design and development process, providing unprecedented speed-to-market delivery of new facilities. Proposed high-bay facility at 44 Dunham Ridge
• High-bay warehouse/storage/ manufacturing building options available • Flexible space solutions from 15,000 SF to 300,000 SF • 54-acre woodland campus alongside picturesque pond • One of the few remaining locations available for development along Route 128 • Newly constructed, centrally located 500-car garage on site
View drone footage of the Dunham Ridge campus on DunhamRidge.com. For more information, contact Ed Silvey at 781-932-7039 or
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Owners, Developers & Managers
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Quick Read JM Electrical completes control system at Avalon North Station
SEE PAGE 2B
Project of the Month Cutler and DiMella Shaffer complete 98,000 s/f apartment complex for Archipelago Investments
PAGES 10-11
24 Pages Green Buildings..............13-14B BOMA ...............................16-17B IREM ..................................18-19B IFMA ........................................20B CAI-NE ....................................21B
New England Real Estate Journal nerej.com
February 3 - 9, 2017 Section B
INCLUDING “COMMUNITY OF THE YEAR” AMONG SINGLE AND MULTI-FAMILY COMMUNITIES
CapeBuilt and MS Ocean View’s Heritage Sands honored by NAHB DENNIS PORT, MA Heritage Sands received three top honors from the National Association of Home Builders (NAHB) at the 2016 Best in American LivingAwards (BALA) – including the industry’s top award for “Community of the Year” among all single-family and multi-family communities built during 2016. The awards were presented in Orlando at the International Builders Show – which attracted over 80,000 builders, real estate professionals and vendors from around the globe. Heritage Sands was conceived and developed jointly by CapeBuilt Development, LLC and MS Ocean View, LLC as one of Cape Cod’s first oceanfront communities in more than 50 years. The Heritage Sands team includes Douglas Kallfelz of Union StudioArchitects, Design Consultants Inc., Matter Communications, Bank of Cape Cod, interior designer Angela Hamwey of Mackenzie & Company, and photographer Alison Caron. The project’s municipal partners include the Town of Dennis Selectmen and Planning Department. In addition to winning “Community of the Year,” Heritage Sands received Platinum honors from the NAHB as the 2016 Best Single-Family Community under 100 units, and was recognized as the Best project in the North Atlantic Region among all new construction, renovations, custom residences, individual room projects, and community scale development by NAHB members. Including last week’s recognitions from the NAHB, Heritage Sands has received a total of 16 industry awards in two years. “Recognition by the NAHB with a Best in American Living Award would be a career highlight for any real estate developer. To be recognized with three awards including Community of the Year is simply beyond our wildest dreams,” said Rob Brennan, president of CapeBuilt Development. “Mark DeWitt and I had a simple goal of bringing back a neighborhood of beachfront cottages to the shores of Cape Cod. A neighborhood that families would return to and cherish as their ‘Place on the Cape’ for generations to come.” In singling out Brennan and DeWitt’s neighborhood as best in the nation from among all other commu-
nities under development in 2016, the NAHB expert panel of judges were impressed by “the rich sense of place” at Heritage Sands, and the degree to which the neighborhood bridges modern construction and amenities with the history of traditional summer cottage communities on Cape Cod. Now in its 33rd year, the BALA is the residential building industry’s premier awards program that spotlights the most creative and talented builders, remodelers, architects, residential and building designers, developers, land planners and interior designers who have redefined design excellence for homes and communities throughout the nation and internationally.The evening’s events also included the induction of residential design and construction industry luminaries Robert Toll, Andres Duany, Arthur Rutenburg, Sanford Steinberg, Marc Thee and the Dahlin Group into the Best in American Living Awards Hall of Fame.
Shown (from left) are: Sean Sullivan, 2017 NAHB design committee vice chair; Robert Brennan, president & co-owner, CapeBuilt Development; Tana Brennan, co-owner, CapeBuilt Development; Douglas Kallfelz, principal, AIA, LEED AP, CNU, Union Studio; Ken Boynton, 2016 NAHB design committee chair
PROJECT TEAM: ALLEGRO INTERIOR ARCH. AND COLUMBIA CONST.
Hobbs Brook Mgmt. completes lobby renovations at Four Points NORWOOD, MA Four Points by Sheraton
Norwood, a business-class hotel and full-service conference center, has completed a 2,344 s/f hotel lobby renovation. This project is the first phase in a series of renovations designed to modernize the Four Points by Sheraton Hotel located at 1125 Boston Providence Tpke. The hotel was last renovated in 2007. The project team included Allegro Interior Architecture of Boston and Columbia Construction of North Reading. Four Points by Sheraton Norwood is owned by Hobbs Brook Management, LLC. The redesigned lobby features an open concept floor plan to streamline the check-in process for guests. Wide concourse hallways highlight ample seating arrangements leading to the guest elevators and the Tiffany ballroom.The pantry area was redesigned as a “Grab N Go” to provide guests
with easy access to snacks, beverages, and toiletries and is open 24/7. The renovations were designed to be in compliance with Starwood brand standards and include the addition of a Checkpoint System to create a
signature focal point. The renovation was completed in three months. By creating a temporary check-in desk, the facility remained open and fully functional throughout the project so as not to impact guests.
Inside Cover B February 3 - 9, 2017
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2B February 3 - 9, 2017
New England Real Estate Journal
PROJECT TEAM INCLUDES CBT AND JOHN MORIARTY
JM Electrical completes control system at Avalon North Station BOSTON, MA JM Electrical Company, Inc. has completed project operations at Avalon North Station, a 600,000 s/f development located at One Nashua St. in the city’s North End. JM Electrical installed HVAC controls throughout the building’s common areas to monitor essential building systems. The staff also installed a cold purge smoke control panel as well as T-stats for vertical heat pumps. In addition, JM did fuel oil interlock wiring for the generator system and interlock wiring for dryer and toilet exhaust fans. Designed by CBT Architects and constructed by John Moriarty &Associates,Avalon North Station is located directly behind the TD Garden, steps from the North Station Orange and Green line stops, the commuter rail, and Amtrak. The 38-story, mixed-use tower contains 503 rental apartments, 3,575 s/f of retail space on the ground floor and on-site resident parking. It also includes a sky pavilion lounge,
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Owners, Developers & Managers A section of the New England Real Estate Journal P.O. Box 55, Accord, MA 02018 781-878-4540, www.nerej.com
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Flynn Law Group, located in downtown Boston, serves clients throughout Massachusetts, as well as Rhode Island, New Hampshire, Connecticut, Maine and Vermont. We are pleased to offer our clients: • Quality Representation at Reasonable Rates • Real Estate Litigation and Transactions • Condominium Association Representation • Condominium Collections • Residential and Commercial Eviction • Landlord/Tenant Law
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Owners, Developers & Managers
4B February 3 - 9, 2017
New England Real Estate Journal
MARGULIES PERRUZZI ARCHITECTS PROVIDES DESIGN DEVELOPMENT OPPORTUNITY
Vantage Builders renovates new Middlesex Savings Bank branch
MYSTIC ORAL SCHOOL Groton, Connecticut
The Town of Groton, CT is seeking interest in the redevelopment of the former Mystic Oral School.
This 77 acre parcel contains multiple buildings, the largest being 150,000 square feet. An RFP opportunity will be available in 2017. Paige Bronk (860) 448-4095 or
[email protected]
WALPOLE, MA Vantage Builders, Inc. renovated Middlesex Savings Bank’s newest branch location, at 657 Main St. The branch, the bank’s first outside its traditional retail footprint in MetroWest, features an open floorplan. The open environment is enhanced by the installation of frameless glass doors and luxury lighting, while high-end millwork and floor finishes provide a more classic financial institution aesthetic. Following designs by Margulies Perruzzi Architects, Vantage performed a complete interior renovation to create the functional, modern bank branch. The 3,500 s/f project is the
firm’s third renovation for the bank. Engineering services were provided by AKF Group LLC. Vantage
Barajas joins City Point Partners as manager of construction services
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BOSTON, MA Nathan Veliz has joined The Dolben Company, Inc. as a reunique process. City Point Partners as its manager of “I’m looking forward to joining gional property manager. Veliz will be managing a portconstruction services. City Point Partners. Since its founding folio of properties Throughout his in 2009, the firm has provided superior in the Mid-Atlancareer, Barajas, construction services to a variety of tic, and will be a University of clients. I hope to be able to add to the working out of the Nebraska gradu- firm’s stellar reputation as one of the company’s office ate, has overseen premiere providers of construction in Maryland. an array of con- services in the Commonwealth,” Veliz began his struction project said Barajas. Nathan Veliz residential proptypes. His exBarajas will be managing the Rudy Barajas tensive project oversight of construction of a 5-story erty management career in 2009, as a experience includes projects in independent living facility at Linden management trainee for aTexas-based affordable housing, assisted living, Ponds in Hingham for Erickson Liv- management and development compublic schools and charter schools as ing, among his other responsibilities. pany, where his responsibilities ranged well a variety of building types while “We are excited toPMbe able from onsite operations to due diligence myCADD-High-Profile-Ad.pdf 1 very 5/19/16 1:37 serving municipal clients. Barajas has to welcome Rudy to our firm” said and acquisitions. In 2012, he began overseeing multiple communities in a myCADD-High-Profile-Ad.pdf 1:37 PMpresident and founder also developed a specific expertise in1 5/19/16 Colleen Moore, myCADD-High-Profile-Ad.pdf PM capacity for a Virginia-based modular building construction having of City Point Partners.1 5/19/16 1:37 regional company. guided several clients through this visit nerej.com for full story
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February 3 - 9, 2017 5B
Service and Vendor Directory Access Control
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6B February 3 - 9, 2017
Owners, Developers & Managers
New England Real Estate Journal
TENANTS INCLUDE STAPLES, TRADER JOE’S, PIER ONE AND TALBOTS
Excellence on Every Level
Clarion Ptrs. selects KeyPoint Ptrs. to manage Brookside Shops Clarion Partners, LLC has selected KeyPoint Partners, LLC (KPP) as the property manager for Brookside Shops, according to William Lawler, partner/director of property & asset management of the firm. Clarion Partners recently purchased the center on behalf of a separate account client of the firm. Brookside Shops is a 97,000 s/f lifestyle center on Great Rd. (Rte. 2A). Tenants at the center include Trader Joe’s, Talbots, Eastern Mountain Sports, Elizabeth Grady, Pier One Imports, and Staples. Representatives of Clarion Partners and KeyPoint Partners met with the Acton Planning Board, to introduce themselves as the new owner and manager of the property, and to further expand their understanding of the Acton community and Brookside Shops’ place in it.
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“We want to ensure that Brookside Shops continues to be a vibrant center for the community of Acton and the surrounding towns” said Lauren Holden. Senior vice president and asset manager at Clarion Partners. “We’re actively seeking a quality café
or restaurant to add, providing the local resident a place to sit, eat and relax at Brookside Shops.” “We’re very comfortable awarding this assignment to KeyPoint Partners, a local company with a wealth of retail experience and insight, and strong ties to the area,” Holden said. KeyPoint Partners, located in Burlington, manages several properties in communities surrounding Acton, such as Concord, Lexington, and Stow. “Brookside Shops is a unique, high-quality property,” Lawler said. “We’re very pleased that Clarion Partners recognized that our considerable retail management expertise and experience are the right fit for their new asset.”
Phillips joins BOND PROVIDENCE, RI BOND has hired Steven Phillips as project manager. Phillips is an important addition to the Providence team as the company expands its geographical presence throughout R.I., southeastern Mass. and eastern Conn. Steven Phillips Phillips brings more than 30 years of construction and design experience, serving as both academic owner and consultant. Previously he worked at Brown University as a project manager, delivering key projects from small renovations to large capital projects. Prior to that, he was a senior project manager at CDR Maguire, a leading architectural, engineering, planning and construction management firm. He also owned and operated Phillips Associates Architects. “We are excited to have Steven join the Providence Office,” said Dan Ramos, BOND’s regional manager, Providence. “He brings tremendous value having worked as an academic owner with an in-depth knowledge of campus construction projects. His background is strongly aligned with our core markets and will help us strengthen and grow our client relationships throughout Rhode Island.” Phillips holds a Bachelor of Science degree in Architecture and Civil Engineering from Roger Williams University and is a licensed architect in the State of Rhode Island.
Owners, Developers & Managers
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February 3 - 9, 2017 7B
AFFILIATE OF SILVER STREET DEVELOPMENT GROUP
Housing Management Resources celebrating 15 years of business Housing Management Resources, Inc. (HMR) achieved a significant milestone this year, celebrating 15 years of business. HMR is an affiliate of the Silver Street Development Group based out of Portland, ME. HMR was founded by its president, Richard Pierce, in the spring of 2001 to manage the growing portfolio of properties being developed by the Silver Street Companies. Creating community and enhancing value through attentive management is the cornerstone of their philosophy. HMR currently operates in a dozen states managing more than 7,000 apartments. HMR has become a leader in the real estate management arena achieving accredited recognition by the National Affordable Housing Association, winning two national Turn Around Property of the Year awards, in addition to the national Exemplary Elder Property of the year award. HMR is part of an elite group of management firms recognized as an Accredited Management Organization by the Institute of Real Estate Management (IREM). In 2015, HMR senior vice president, Trish Leonard was honored as IREM Boston’s Professional Woman of the Year for her dedication to the development of real estate professionals. Pierce serves on the Boards of the Institute of Responsible Housing Preservation and the National Leased Housing Association. HMR’s leadership team is comprised of several accredited staff members including two Certified Property Managers.
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nies completed the newly constructed AC Hotel Boston Cambridge at its 820,000 s/f laboratory, office and technology campus, Cambridge Discovery Park (CDP). This is the second AC Hotel, owned and operated by Colwen Hotels, opened in the Boston area and the 13th opened in the U.S. The four-story establishment features 150 stylish guest rooms, 3,600 s/f of meeting space, an outdoor patio with fire pits and lounge seating, indoor saltwater pool and a state of the art fitness center. Park tenants and hotel guests will enjoy signature art and spaces, designed by Barcelona’s Antonio Catalan, throughout the hotel including the AC Kitchen, AC Library, and AC Lounge. “Cambridge Discovery Park is an ideal location for an innovative boutique hotel like AC Hotels By Marriott,” said Bulfinch SVP, director of leasing Michael Wilcox. “We are pleased to bring a world-class hotel to the Park not only for our tenants, but for the surrounding community who will also benefit from its easily accessible location and cutting-edge services and amenities.”
Generator rental • Complete range including Tier 4-compliant models Expert support • 24-hour emergency service • Preventive maintenance • Contingency planning • Fuel, oil and coolant analysis • Load testing Call us now. You’ll be glad you did.
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Owners, Developers & Managers
8B February 3 - 9, 2017
New England Real Estate Journal
PROFILE PRESERVES TIMELESS CHARACTER OF BARN WOOD
Serving New England since 1988 2 Sterling Road, Unit 1 North Billerica, MA 01862 978.436.9990 285 Circuit Street Hanover, MA 02339 781.982.5684 1093 Riverside Street Portland, ME 04103 207.878.1732 105 Cherry Street East Hartford, CT 06108 860.828.0395
Peter R. Ow ens, Presid ent powens@ tectaamerica.com 24/7 Emergency Service
www.tectaamerica.com
Changes
New Proof
Proof Approved
crop 2”
NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNALOF APC SERVICES
NEW ENGLAND Size: 2x4 From: JP Run Date: 12/02/16
Section: NE ODM
Painting - Interior, Exterior, Faux Finishes Coatings - Waterproofing for metal roofs, brick, and concrete Parking garage painting and coatings Abrasive blasting (aluminum oxide, dry ice, walnut shells, Black Beauty™) High pressure power washing Industrial cleanup Wall Coverings Plaster repair
APC Services of New England (Formerly Ahern Painting Co)
781-665-5600 781-665-5612 (f) www.apcne.com
Eldorado Stone elevates American classic with debut of Vintage Ranch SAN DIEGO, CA Eldorado Stone, manufacturer of the world’s most believable architectural stone veneer, captures the character and warmth of classic American barn wood with Vintage Ranch, an authentic wood plank stone profile inspired by the rich color tones and textures of naturally weathered wood. Vintage Ranch preserves the authentic look and feel of oak, Douglas fir and pine in an easy-to-install panelized format, combining planks of varying height and depth to provide the ambiance of real wood in a variety of indoor and outdoor spaces. “Vintage Ranch reflects the rich heritage of craftsmanship found in America’s iconic barns, whose planks had been hand-selected and shaped to define that space,” said Ramsay Hawfield, vice president of marketing and product development at Eldorado Stone. “This new profile embraces the timeless combination of warmth, charm and variety found in aged barn wood and preserves it for the home in a form that will not deteriorate.” Made of concrete, Vintage Ranch is durable and sustainable. Each plank is hand painted to display the patina of weather-worn boards, reflecting the unmatched beauty and depth of natural textures, and its rustic finishing details embody the enduring resilience of authentic wood. Vintage Ranch is available in four colors: Saddlewood, Foxwood, Parchwood and Doverwood. Eldorado Stone, LLC is the manufacturer of the world’s most believable architectural stone veneer and is headquartered in San Marcos, Calif.
Vintage Ranch Doverwood
Vintage Ranch Foxwood
Nauset Const. completes phase 2 of Lighthouse Nursing Care Center; designed by Donahue Archts. Nauset Construction recently completed the second phase of renovations to the Lighthouse Nursing Care Center. The combined projects enable Lighthouse to maintain its standing as one of the Commonwealth’s top ranked nursing care facilities, providing short-term rehabilitative care, rehabilitation for joint replacement patients, hospice and respite care, as well as skilled long-term care. Lighthouse Nursing Care Center is managed by Genesis HealthCare, one of the largest providers of skilled nursing and rehabilitation services in the nation. Designed by Donahue Architects, Phase II of the project consisted of the installation of new replacement rooftop mechanical units, new fire protection systems, lighting and finishes throughout the entire third floor. New HardiePanel siding was
REVERE, MA
also applied to the existing building’s facade to match the exterior envelope of the new addition constructed in Phase I. Site work included parking lot and sidewalk reconstruction including handicap accessibility enhancements. The first phase (designed by The Architectural Team) included the ground up construction of a new, three-story 17,000 s/f addition and the renovation of an additional 10,000 s/f of existing space, providing the facility with 12 single unit short-term rehabilitation beds, suites for physical, occupational, and speech therapy, medical office and clinical space and a 2,700 s/f, rehabilitation gymnasium. A three-season, three-story wraparound porch providing residents with panoramic views of the surrounding neighborhood was also part of the addition. For full story visit nerej.com
Owners, Developers & Managers
nerej.com
Developing a cannabis facility? Assemble the right team early Brian Anderson
Anderson Porter Design, Architects and Construction Yes, the green rush is on and no wonder why, reports show that the cannabis industry will be worth $50 billion by 2026. So if you are thinking about jumping in and the glimmer of building a marijuana cultivation facility and dispensary is in your eye, look before you leap. Assembling the right team of professionals, ideally right from the start, can ultimately make sure you are poised for success from the very beginning of what can be a complicated process. Anderson Porter Design, Architects and Construction Consultants in Cambridge, is taking a leadership position in creating an integrated team to ensure successful design and building of cultivation facilities and dispensaries. People come into this business extremely excited, but with knowledge in a few specific areas. It’s all about assembling the right team of professionals with a broad spectrum of skills to fill in the knowledge gaps that can assist no matter where you are in the process of building your facility. Anderson Porter works with clients from the very beginning planning stages; site selection and permitting
all the way through to the design and construction, and even beyond, to the develop of the retail brand experience at the dispensary. From Anderson Porter’s perspective it all starts with understanding the needs and goals of his clients and integrating their business “grow” goals with the right size facilities to ultimately meet their financial projections. In addition, an important factor not to be overlooked when designing a dispensary is the “retail experience”. In this highly competitive environment, creating a unique “look and feel” can drive clients to frequent one location over another. There are hundreds of factors that need to be taken into account in every marijuana construction project. Add to that every jurisdiction has different municipal hurdles to overcome. Therefore the number of potential snags in the process expands
exponentially, so starting off with the right site can make or break the way the project is going to go. All of this means that with all the complexities associated with becoming a “Cannabista” and developing a marijuana cultivation facility and dispensary, it is incredibly important to consult with an extremely knowledgeable group of professionals from the start. A group of professionals that can answer all your questions, from real estate to the details around construction and design, a team that is intimately familiar with the latest changes in the industry as well as the local building codes and permitting processes.
Brian Anderson is an architect and principal with Anderson Porter Design, Architects and Construction Consultants, Cambridge, Mass.
Electrical Construction
Fire Alarm
February 3 - 9, 2017 9B
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
Tel: 781-878-4540 PROOF Fax: 781-871-1853 Special Projects Tel-Data/Security Systems
NE NY REAL ESTATE JOURNAL
Excellence in Electrical Construction... For More Than 95 Years Changes
New Proof
Proof Approved
Section: CDE
From: EW Run Date: 12-19
Coffey joins JMCoull as new marketing assistant JM Coull, Inc. has hired Jennifer Coffey as the firm’s new marketing assistant. She brings more than 20 years of marketing and administrative experience across several industries, and most recently was an office manager at Servpro. Jennifer Coffey Coffey is supporting JMC’s marketing and business development efforts. With a background in graphic design, she will play an integral role in the company’s 2017 marketing initiatives. Additionally, Coffey assists JMC’s operations and preconstruction teams, and performs other business functions within the firm. “I couldn’t be happier to have Jen on board here in the marketing department,” said JMC marketing manager Laura Burch. “From day one, she jumped right in and she continues to be a great asset to our department and JM Coull overall. She will definitely play a key role in helping us accomplish our marketing and business development objectives.” JM Coull is a construction management, design-build, and general contracting firm specializing in new construction and renovations for the advanced technology, life sciences, commercial/industrial, healthcare, education, and institutional markets.
MAYNARD, MA
345 Harrison Avenue Boston, Massachusetts
Rendering: CBT Architects; Owner: UDR
Member of
Connecting Greater Boston to a Bright Future 267 Amory Street, Jamaica Plain, MA Tel: 617.522.6800
[email protected] www.jmbco.com
Owners, Developers & Managers
10B February 3 - 9, 2017
New England Real Estate Journal
Project of
Congratulations
PROJECT TEAM INCLUDED: MARION EXCA
Congratulations to the Olympia Place project team For future project story submissions Please email or call, John Picard 781-878-4540 x250, 800-654-4993
[email protected]
Sitework & Paving
Marion Excavating has a large fleet of stateof-the-art equipment and a professional staff of ex-perienced operators, drivers and laborers – ensuring top notch project execution and emergency readiness.
Serving commercial, municipal, federal and residential customers in Western Massachusetts, Northern Connecticut and neighboring areas - safely, reliably, on schedule and on budget
Cutler and DiMella Sha apartment complex for A AMHERST, MA Olympia Place, a privately
developed student housing complex adjacent to the University of Massachusetts, is a unique residential option for the college-area population.The 98,413 s/f, five-story wood, and steel framed apartment complex will be home for up to 236 students. Olympia Place was designed in a transitional zone between the campus and residential neighborhoods. The design features an irregular plan configuration, breaking up the mass into wings, resulting in 11 gabled ends.These gabled ends present a domestic scale to the neighborhood, fitting harmoniously next to its neighbors. Programmatically, the building is tailored to the college town market, offering 75 apartments, private study rooms, communal work tables, informal breakout rooms, a café, fitness center, ample bike storage, and parking for car share vehicles.Apartments come in studio, 1, 2, 3 and 4-bedroom options. A winter of 64 inches of snowfall made working to the budget and schedule challenging. Using lean principles, the unique geometry of the building was divided into three sections: North,
photo credit by Christian Philips Photography
Central and South, and sequences of work were developed for each trade to allow them to work most efficiently through the building. Focusing on the framing and exterior envelope of the South section first, the building became water tight, allowing the trades to work sequentially from the fifth floor down, while the other sections of the building were being completed. One of the most unique design ele-
ments of Olympia Place is the exterior envelope, made up of white metal panels, used on both the roof and exterior walls.The design intent was to eliminate as many horizontal joints as possible, while also having all of the panels align on this very complex geometric building. Working with the roofing and siding subcontractor Crocker Architectural, months were spent reviewing mockups to make sure the design intent was
photo credit by Christian Philips Photography
Elec
Marion Excavating Co., Inc. 510 New Ludlow Rd. South Hadley, Massachusetts 01075
Phone: (413) 536-1267 Fax: (413) 536-2230
[email protected]
E N E R G Y E L E C T R IC
Providing you the power to perform since 1987
Owners, Developers & Managers
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the Month
February 3 - 9, 2017 11B
Design/Builder
AVATING CO., INC. AND ENERGY ELECTRIC
affer complete 98,000 s/f Archipelago Investments
ARCHITECTURE CONSTRUCTION Integrated, Value-Added Facility Solutions Worcester, MA
photo credit by Christian Philips Photography
• Malvern, PA CutlerDB.com
•
Tampa, FL
Architect of Record
NY Tel: 781-878-4540 PROOF NE REAL ESTATE JOURNAL
New Proof Approved 2017 DBIAProof Design-Build
Changes
Size: 2x4 POM From: JP Run Date: 02/03/17
crop 2”
achieved. Ultimately, the decision was made to custom fabricate panels on-site to maximize the length of panel that could be used, as well as ensure that the panels could be constructed to the tight tolerances needed to achieve the building geometry. Cutler and DiMella Shaffer have worked jointly on 13 different projects dating back to 1982. Olympia Place is the second project they have completed for developerArchipelago Investments. The first, Kendrick Place, is a mixeduse residential property that was turned over in 2015, and construction recently began on One East Pleasant St. “This is a proven, winning collaboration,” said Archipelago Investments, “as evidenced by the fact that the New England chapter of the Design-Build Institute of America just recognized Olympia Place with a Gold Award.” Kendrick Place won a DBIA award in 2015. The project is in association with HolstArchitecture of Portland, OR, and is on track to earn Gold certification under the LEED for Homes Multi-family Mid-rise Program.
PLANNING
Section: NE ODM Gold Award
photo credit by Christian Philips Photography
Olympia Place project team Cutler Associates .................................................Design/Builder DiMella Shaffer ............................................Architect of Record Marion Excavating Co., Inc. ........................ Sitework & Paving Energy Electric ....................................................................Electric photo credit by Christian Philips Photography
ctric
www.energyelectricne.com 800.308.4886
Olympia Place Amherst, MA
12B February 3 - 9, 2017
There’s always room for speaking opportunities!
Owners, Developers & Managers
Don’t overlook stormwater maintenance obligations Bridget Domareki
You could be here!
Hydro International
Conference sponsorship or speaking information contact Rick Kaplan
781-878-4540, ext. 247,
[email protected]
New England Real Estate Journal
Imagine this hypothetical scenario: Arthur is a business owner who rents commercial space within a shopping plaza. One day, Arthur receives a Notice of Violation from the city on behalf of the EPA informing him that his business is discharging untreated stormwater into the drainage line, and he has 30 days to maintain the system or face regulatory penalties. Arthur is bewildered. He knows nothing about stormwater treatment, has never seen a treatment system in his complex, and he feels certain the letter was sent in error.Arthur contacts his landlord (a real estate development company), and after much back-and-
forth, is directed to the portion of the lease agreement indicating that he is indeed responsible for the maintenance of the unseen stormwater treatment system onsite. Arthur is advised to pay the fine and schedule a cleanout to avoid further action. Feeling cheated by the “fine print,” Arthur thinks about how to handle this unexpected annual expense. What is a stormwater treatment BMP? How should he know when cleanout is needed? Why wasn’t he notified of his obligation when he became a tenant? Many commercial property owners, managers and tenants have shared Arthur’s predicament. Most people outside of construction, commercial real estate and the municipal water treatment sector are largely unfamiliar with stormwater treatment, and even those close to the technology aren’t always clear on the regulations and required upkeep.
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How Responsibility Gets Lost in Translation: The layered contracting structure common in property development today often separates the stormwater management experts from end users responsible for system upkeep. The Clean Water Act of 1972 states that if a certain amount of earth1 is disturbed during the development or redevelopment of land contained within an MS4 (Municipal Separate Storm Sewer), a stormwater treatment system must be installed to remove the sediment, oil, trash and other debris from the site’s runoff before it discharges into any waters. Civil engineering firms hired by property developers are tasked with selecting best management practices (BMPs) for a project, in accordance with all federal, state and local stormwater treatment regulations. While engineers know the importance of service and maintenance, it is rare for the engineers to ever interact with the property’s end users (think: Arthur). In fact, engineers often work directly for a general contractor hired by a property developer, and sometimes are separated even further by a property manager. The great news is that this is a problem easily remedied. Outlined here are simple strategies for building owners, managers and tenants to guard against the unexpected cost and regulatory scrutiny of a non-compliant stormwater treatment system: Communicate Proactively. Property managers and owners should not rely on developers and engineers to provide this information without a direct request, and thus should take the initiative to ask for this information and make it available to all current and future tenants. Get Educated. Most business owners’employees would never throw trash on the ground in their parking lot or allow their dumpster to overflow for years. However, deferring maintenance on a stormwater treatment system can have an identical impact on the environment by allowing trash and pollution to enter waterways, harming aquatic ecosystems and related industries in the process. Helping end users see their responsibility from this point of view may help take the sting out of an otherwise confusing and unexpected expense. Plan Ahead. Sticker shock can be a major blow to owners managers and tenants responsible for systems with severely deferred maintenance. The cost to return these systems to a functional status will be significantly greater than if the systems had been maintained on a regular basis, so budgeting for service and maintenance will make the most fiscal sense over the long-term. For full story visit nerej.com
Bridget Domareki is marketing communications specialist at Hydro International, Portland, ME.
Owners, Developers & Managers
nerej.com
February 3 - 9, 2017 13B
Green Buildings BUILDINGS DESIGNED TO ACHIEVE LEED PLATINUM, FOUR LEED GOLD AND ONE LEED SILVER CERTIFICATIONS
HYM Investment Group and National Real Estate Advisors begin 2.9 million mixed-use Bulfinch Crossing development BOSTON, MA Mayor Martin Walsh, city
officials, and members from National Real Estate Advisors and The HYM Investment Group, used sledgehammers to mark the launch of construction at Bulfinch Crossing. The project involves strategically transforming the site of an underutilized above-grade parking garage into a 2.9 million s/f mixed-use development known now as Bulfinch Crossing. With proactive community engagement throughout the design process, Bulfinch Crossing is one of the largest mixed-use development projects ever permitted in the city. Located at the nexus of some of Boston’s most iconic neighborhoods, the project includes six new buildings – three towers surrounding a one-acre green rooftop terrace and three mid-rise buildings encompassing a new net-zero public plaza. A large portion of the existing garage will remain but will be wrapped by the new buildings. Bulfinch Crossing will redefine this area and create a new sense of place through thoughtful planning that focuses on adaptive reuse, sustainability, and creating a modern and vibrant “live, work, play” experience. The Government Center Garage at Bulfinch Crossing is one of the most visible remaining vestiges of Boston’s historic urban renewal. This massive above-grade concrete parking garage creates a physical barrier that divides some of the city’s most recognizable neighborhoods. The new Bulfinch Crossing development is specifically designed to reconnect the West End, Bulfinch Triangle, and North End by tearing down 50% of the garage and re-activating the site through groundfloor retail, outdoor dining, and new green spaces.The project is committed to achieving energy efficient building design by commitments to a net zero urban public plaza and one LEED Platinum, four LEED Gold, and one LEED Silver buildings. Forward-thinking shared parking models, electric vehicle charging stations, a 850-space shared bicycle parking facility, and direct access to multiple modes of public transportation are also key aspects of the redevelopment. Demolition of a portion of the
garage is no small feat. Strategic engineering and construction techniques enable a section of the garage to be removed while maintaining 24/7 public parking operations throughout construction. This deconstruction work paves the way for the first phase of new development – construction of Boston’s tallest apartment tower. Designed by CBT Architects, the 480-foot tall, 45-story apartment tower will consist of 486 residential units with spectacular, sweeping cityscape views. It will feature a wide array of unique luxury amenities – ranging from a state of the art fitness facility, golf simulator, chef’s kitchen with private dining, yoga studio, children’s playroom and dog spa – to an outdoor pool overlooking Boston Harbor and two club rooms with roofdeck access – one overlooking Boston Harbor and the Financial District and the second on the 32nd floor overlooking Back Bay, the Charles River and downtown Boston. Demolition for the footprint of the residential tower kicked off in December 2016 with vertical construction commencing in late spring 2017 and completion expected in late spring 2020. Bulfinch Crossing also encompasses construction of a one million s/f office tower – One Congress. Designed by internationally renowned Pelli Clarke Pelli Architects, One Congress will rise more than 500 feet as not only an iconic anchor of Bulfinch Crossing but also as a compelling addition to the city skyline. Tenants at One Congress will have views across Boston Harbor, down the Charles River, and as far north as the mountains of New Hampshire. Transwestern is the exclusive leasing agent for One Congress. Mayor Walsh, elected officials, and community members will celebrate the milestone by swinging at a concrete wall and taking a virtual reality ‘tour’ of the future development. “The transformation of Government Center Garage to Bulfinch Crossing is a giant step forward in making this site better reflect the City of Boston while also meeting the needs of the community,” said mayor Walsh. “This will be an exciting
Shown (from left) are: Paul Crisalli, operations partner at The HYM Investment Group; Daniel Butler, director, portfolio and asset management, National Real Estate Advisors; Kevin Verdi, managing director, investments, National Real Estate Advisors; representative Jay Livingstone; mayor Martin Walsh; Thomas O’Brien, founding partner and managing director, The HYM Investment Group; Jeffrey Kanne, president and chief executive officer, National Real Estate Advisors; and Douglas Manz, director of development at The HYM Investment Group.
destination for residents, workers and visitors alike.” “Bulfinch Crossing exemplifies National’s commitment to transforming urban districts, creating job opportunities and securing investment returns for our clients and partners,” said Jeffrey Kanne, president and chief executive officer of National Real Estate Advisors. “The singular goal is to make a great place,” said developer Thomas O’Brien, founding partner and managing director of The HYM Investment Group. “Bulfinch Crossing is part of a new era in urban development, one that emphasizes a highly connected and thoughtfully designed mixeduse experience. It promises to be a game-changing and awe-inspiring development, epitomizing the best in amenities and access.” This early phase of demolition that National and HYM celebrate today alongside mayor Walsh and community members from around the city marks the construction launch of Bulfinch Crossing.
Reducing GHG emissions in aftermath of Kain decision Susan Bernstein Attorney at Law
Last May, the Massachusetts Supreme Judicial Court (the Court) ruled in Kain et al. v. Department of Environmental Protection (MassDEP) that the state’s Global Warming Solutions Act (the Act) required the MassDEP to: impose a limit on greenhouse gas (GHG) emissions, limit the aggregate emissions released from each group of regulated sources, set enforceable emissions limits for each year, and set limits that decline on an annual basis. The Court’s ruling is aimed at more fully complying with the Act’s requirements, found in MGL c. 21N, §3(d).
In September 2016, Mass. governor Charles Baker issued Executive Order Number 569 to address the Court’s requirements. The state’s Executive Office of Energy and Environmental Affairs was ordered to coordinate the response to the Court’s decision and to ensure that the state met the deadlines for emission limits stated in the Act. MassDEP released proposed regulations late in 2016 to address these substantive sections and will hold public hearings during February 2017 in locations throughout the state. The public comment period closes on February 24, 2017. The proposed regulations include six new provisions and amendments to reduce and limit GHG emissions. These include: sulfur hexafluoride emissions from gas-insulated switchgear, methane emissions from the natural gas
distribution network, emissions from electricity generation, and carbon dioxide emissions from the transportation sector. These provisions will be added to the existing Air Pollution Control and Air Pollution Control for Mobile Sources regulations, as well as updating the state’s Clean Energy and Climate Plan 2020 (CECP). Based on progress to date, according to the MassDEP, GHG emission levels have achieved an overall reduction of 19.7% below 1990 GHG emission levels, with only an additional 5.3% reduction remaining to meet the 2020 goal. Once promulgated, these regulations will require both existing stationary and mobile sources to comply with more stringent emission provisions.
Susan Bernstein is an attorney at law, Needham, Mass.
Green Buildings Contributing Authors Civil Engineering
Energy Efficient Solutions
Environmental Consultant
Solar Development
U.S. Green Building Council
Energy Solutions
Sandra Brock Nitsch Engineering
Chris Barros SourceOne, Inc.
Frank Ricciardi Weston & Sampson, Inc.
James Dumas Solect Energy Development, LLC
Grey Lee USGBC-Mass. Chapter
Jamie Collins Secure Energy Solutions
Owners, Developers & Managers
14B February 3 - 9, 2017
New England Real Estate Journal
Green Buildings
Massachusetts energy storage initiative could super charge the state Craig Huntley Solect Energy
As we’ve discussed in previous articles, energy storage is a key factor in enabling companies to utilize their energy sources to their full potential – by allowing them to bank power during peak production periods and use it when their energy generation systems (whether renewable or non-renewable) aren’t producing. Recently, Massachusetts has taken important steps in developing energy storage targets and assessing its potential for the Commonwealth. In 2015, the Baker Administration launched a $10 million Energy Storage Initiative, with the goal of advancing energy storage in Massachusetts by promoting storage companies in the state, expanding markets for storage technologies, and developing policies and programs to achieve said goals. Last August, in alignment with this initiative, governor Baker signed an energy bill (H. 4568) “An Act Relative to Energy Diversity”, which directed the Department of Energy Resources (DOER) to determine whether or
not energy storage targets would be prudent and cost-effective in Massachusetts. In response, the DOER
announced by July 1 of this year and would take effect by January 1, 2020. According to the report, the future
As we’ve discussed in previous articles, energy storage is a key factor in enabling companies to utilize their energy sources to their full potential – by allowing them to bank power during peak production periods and use it when their energy generation systems (whether renewable or non-renewable) aren’t producing. Recently, Massachusetts has taken important steps in developing energy storage targets and assessing its potential for the Commonwealth. conducted a study to help the state government assess two important uses for energy storage – 1) the utilization of renewable energy resources to their full potential, and 2) the reduction of energy rates for customers. The resulting report released by the DOER, called “State of Charge,” evaluates the impact energy storage could have on the grid in Massachusetts, including the costs and benefits to the state. The report also provides the stepping-stones for the DOER to develop specific energy storage targets for electric companies; a mandate which is expected to be
for energy storage in Massachusetts looks bright. The DOER concludes that Massachusetts has the potential to instate 600 megawatts (MW) of energy storage by the year 2025. The state currently only has about two MW of energy storage on its grid, making this a significant projection. Additionally, the report shows the state can save hundreds of millions of dollars by utilizing a storage mandate over the next ten years, according to Energy and Environmental Affairs secretary, Matthew Beaton. Specifically, the DOER reports that if Massachusetts were to hit the 600 MW mark, it would save ratepayers
$800 million in system costs. Once finalized in July, Massachusetts will be the third state in the country to issue an energy storage mandate, following California and Oregon. Since storage targets are typically measured as a percentage of a state’s peak demand load, Massachusetts has the most aggressive target at five percent of its peak load. California’s target is at 2%, and Oregon’s is at 1%. If all goes as planned, Massachusetts ratepayers could see electricity demand cut by 10%, and potentially accumulate $2.3 billion in collective benefits. While energy storage has
been a buzzword in the industry for over a decade, the actions taken by the Massachusetts legislature to advance storage technologies prove that it is a viable and realistic solution to alleviate energy costs for businesses and residents. The Energy Storage Initiative will also spur healthy competition in the market, and provide additional jobs in renewable energy, continuing to position Massachusetts as a leader in clean energy.
Craig Huntley is co-founder and chief development officer at Solect Energy, Hopkinton, Mass.
Blackey of R.W. Holmes Realty reps Level Solar in 14,419 s/f lease - first location in Massachusetts According to R.W. Holmes Realty Co., Inc., Level Solar has leased 14,419 s/f at 60 Glacier Dr. Level Solar currently has 5 offices in New York City and Long Island and this will be their first location in Mass. 60 Glacier is a 105,000 s/f building, owned and managed by Carruth Capital. Level Solar helps homeowners to reduce their carbon footprint by producing less pollution in the air and water, while saving money on their electric bill with solar energy.
WESTWOOD, MA
Governor Cuomo’s New York Green Bank selected Level Solar to bring solar to thousands of New Yorkers at no cost to them. Dean Blackey, vice president of R.W. Holmes Realty represented Level Solar, while Chuck McQuade represented Carruth Capital.
Owners, Developers & Managers
nerej.com
February 3 - 9, 2017 15B
Property of the Month
City seeking proposals from developers/investors for 33,000 s/f building at 521 Main St., Hartford HARTFORD, CT Developers and Investors are invited to submit proposals on a rare opportunity to acquire a unique property at one of Hartford’s most prominent locations: 521 Main St. Directly across from Hartford’s historic City Hall and within an easy walk of Hartford’s many cultural attractions and public parks, this four-story, 33,000 s/f former office building is currently vacant on the upper floors and 100% occupied on the retail level. The half-acre site also overlooks the capital city’s iconic Bushnell Park. The progressive regulations for downtown development in Hartford’s new 2016 Zoning Code allow for a wide variety of uses without any minimum parking requirements and available density bonuses. Hartford’s downtown has experienced a residential renaissance over the past five years, with a number of former office buildings being converted into residential units. These conversion projects have all exceeded pro-formas in terms of absorption rates and stabilization timetables, demonstrating a pent-up demand for downtown living among both young professionals and “empty nesters” moving from Hartford’s suburbs. The most recent such project, the former Hartford Office Supply building at 390 Capital Ave., will be celebrating
the grand opening of its 112 new apartments in spring 2017, with stabilization expected by mid-year. Another exciting development for Hartford’s downtown has been the expansion of higher education institutions in the neighborhood, including the University of Connecticut’s Hartford Campus, Trinity College, Capital Community College, and St. Joseph’s College of Pharmacy. UConn, which is relocating its Greater Hartford Campus this year to a new complex centered on the classic Hartford Times building on Prospect St., one block from 521 Main St., is constructing three new buildings to accommodate the 2300 students and 300 faculty members currently housed at its West Hartford campus. When the newly constructed campus opens its doors in fall 2017, these students and teachers will add to the growing foot traffic in the area,
already growing as a result of the recent development of the Front St. entertainment and restaurant district immediately to the East of the new UConn campus. The Hartford Public Library, located across the street from 521 Main St., will also house 12,000 s/f of UConn classrooms, a library
collection, and study areas. Finally, a new Barnes & Noble bookstore will be a cornerstone of the new campus. UConn’s new Hartford campus will offer a range of undergraduate/graduate degree programs ranging from engineering and science to music and Fine Arts. UConn has also expanded
Downtown Hartford residents are passionate about living Downtown. Our community is filled with restaurants, theaters, unique retailers, eclectic arts and entertainment venues, all of which create a vibrant neighborhood that is uniquely Hartford. We are one of Americas oldest and most historic cities with 17 diverse neighborhoods providing high-rise downtown luxury apartments to single family starter homes.
www.hartford.gov NE NY Tel: 781-878-4540
its business school from four floors to six at nearby Constitution Plaza, where Trinity College will also be establishing a downtown center in 2017 for a number of its programs. Located a half-mile away, across Bushnell Park, is Hartford’s Union Station, serviced by Amtrak. In addition to current rail service and access to CTFastrak’s regional bus rapid transit system, commuter rail service from New York City to Springfield, Mass. will be re-established beginning in early 2018 with the opening of the Hartford Line, which will extend the Metro North Railroad’s New Haven line to Hartford and beyond. Service will be every 45 minutes during peak periods greatly enhancing the current rail service in the corridor and enabling more convenient travel to New York City and other locations serviced by the rail from Hartford. We’ve offered just a brief overview of the exciting developments happening around 521 Main St. We invite developers and investors to learn more by downloading the Bid package at www.hartford.gov/ rfps-rfqs and attending our pre-bid walk through at the property on February 10th. Specific inquiries can also be directed to Elisa Hobbs, senior project manager, at 860.757.9082 or
[email protected].
Owners, Developers & Managers
16B February 3 - 9, 2017
Building Owners and Managers Association-Boston Chapter One Center Plaza, Mezzanine Suite Boston, MA 02108 617-423-8700, Fax: 617-338-2600
President James DerMinasian
Taurus Management Services, LLC Boston, Mass.
BOMA Boston 2017 Officers President James DerMinasian
Taurus Management Services
President-Elect Amy Bush
New England Real Estate Journal
Executive Director Adrienne Maley BOMA Boston
www.gbreb.com/boma
HOSTS FIRST ROUNDTABLE EVENT OF THE YEAR ON JAN. 25
BOMA Boston’s Centennial Celebration to be held March 23
Brookfield Property Partners
Secretary Scott Rickards
Lincoln Property Company
About BOMA: BOMA Boston Mission: To promote excellence in commercial real estate ownership, management, and operations BOMA Boston Vision: To be a leader in commercial real estate providing members with the resources to thrive in the everchanging industry About BOMA Boston: The Building Owners and Managers Association (BOMA) is a federated affiliate of BOMA International and is the 3rd largest local of BOMA’s 92 affiliates. With a membership of over 650, BOMA Boston provides members with quality educational programs, networking & visibility opportunities. BOMA Boston is one of the 5 divisions of the Greater Boston Real Estate Board. BOMA Boston is a division of the Greater Boston Real Estate Board
BOMA Boston Spring 2017 Courses: March 6 The Design, Operation, and Maintenance of Building Systems, Part I – 10 Class Course April 11 Law & Risk Management - Accelerated May 4 Budgeting & Accounting - Accelerated New in 2016 – receive a Property Administrator Certification (PAC) or Property Management Financial Proficiency Certification (PMFP) in under a year! Only 3 courses are required to complete your certification. For more information about courses, certificate programs, and to see the 2017 BOMI calendar, please visit our website at www.bomaboston.org.
For more information about BOMA Boston and events please visit: www.BOMAboston.org Follow BOMA Boston on Twitter: @BOMABoston
BOSTON, MA 2017 is an exciting year for BOMA Boston as BOMA is turning 100! BOMA has launched a strategic plan focused on operational, educational, and industry excellence, as well as enhancing strategic relationships. BOMA will be implementing the plan in 2017 as a way to better serve the membership, and look forward to incorporating several new initiatives in 2017. As part of the Centennial, on Thursday, March 23, BOMA Boston will be holding a 100th Anniversary Celebration, which will be held at the UMASS Club at One Beacon St. Sponsorships and tickets are currently available. To learn more, please visit the BOMA website.
On Wednesday, January 25, BOMA Boston hosted the first roundtable program of the year: How to Be a Successful Property Management Team. Panelists for the event, all of which were industry award winners at the 2016 BOMA Boston TOBY & Industry Awards, provided perspective on their career paths and valuable advice. The panel discussion was moderated by this year’s BOMA Boston president, Jim DerMinasian, Taurus Management Services.Thank you to the January roundtable sponsor Waste Management. BOMA Boston Membership: A Benefit toYou! Join BOMA Boston in 2017! Join BOMA Boston today to network with over 680 members in the commercial real estate industry. As a member, you would receive the following benefits, and more! • Committee Involvement: Take advantage of your membership and join BOMA Boston committees. • Discounted Education: BOMA roundtables, BOMI designation programs, and access to International resources. • Online Membership Directory: As a member, you will receive BOMA Boston login information to access
Shown (from left) are the panel for BOMA’s January Roundtable Jim DerMinasian, Taurus Management Services, 2017 BOMA Boston president; Greg Brown, Hines; Jill Lazzeri, Equity Industrial Partners Corp.; Mike Fitzgerald, Boston Properties; and Jennifer Twombly, CBRE | New England. our online, comprehensive membership directory. • BOMA Boston’s Online Buyer’s Guide: Gain access to a listing of BOMA Boston affiliate members (service providers) to find the service that best fits your needs. • Networking Opportunities: Participate in annual events such as the TOBY Awards, BOMA Fishing Tournament, Springfest & Fallfest; BOMA Golf Outing, Holiday Happy Hour, Trivia Night, and more. • BOMA International Benefits & Opportunities: As a BOMA Boston member, you will also become a member of BOMA International! With these new memberships, you will have the opportunity to gain access and discounts to BOMA International
databases and information, participate in regional and international conferences at a discounted price One of the main benefits of being a BOMA Boston member is their commitment to education. BOMA Boston partners with BOMI International to provide a forum for facilities, property, and systems management education. BOMA Boston is pleased to offer courses in the following designations through BOMI International: RPA, FMA, SMA, and SMT. For more information about BOMA Boston and events please visit their website at www.BOMAboston.org. Follow them on Twitter @BOMABoston.
Owners, Developers & Managers
nerej.com
February 3 - 9, 2017 17B
BOMA Boston Sponsors For more than 14 years Champion Cleaning’s mission has been to provide quality, reliable and affordable Common Area Cleaning Services to private and professionally managed condominium communities and apartment complexes in the greater Boston and Southern New Hampshire areas. Along with our professional, uniformed and friendly crews we work with property managers to create lasting relationships that serve within the best interests of their clients and tenants. Other services include: • Carpet Cleaning • Unit Turnovers • Window Cleaning • Tile & Grout Cleaning
• Pressure Washing • Awning Cleaning • Garage Sweeping
COMMERCIAL DUCT COMMERCIAL DUCT CLEANING CLEANING Continental Clean Air COMMERCIAL DUCT CLEANING Continental Clean Air
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clean will save time and money! clean will save time and money! Proactive measures to k eep your facility Post Construction Cleaning save time Cleaning and money! clean Post will Construction O dor/ D ust E limination dor/Construction D ust E limination O Post Cleaning S erving : I ndustrial, Commercial, erving : I ndustrial, Commercial, Health Care, Museums, E S O ducation, dor/ D ust E limination E ducation,Campus, Health Care, Corporate R etailMuseums, Corporate S erving : I ndustrial, Campus, Commercial, R etail S erving New E ng land and the New Y ork T ri-S tate Areas for over 10 years E ducation, Health Care, Museums, S erving New E ng land and the New Y ork T ri-S tate Areas for over 10 years Corporate Campus, R etail S erving ng land and ork Tri-State T ri-S tateAreas Areasfor forover over1910years years ServingNew NewE England and the the New New Y York
89 Meadowbrook Rd., North Chelmsford, MA 01863
P: 800-979-1911 F: 978-418-0051 www.championcleaning.com
(800) 893-1117 www.continentalcleanair.com (800) 893-1117 www.continentalcleanair.com
(800) 893-1117 www.continentalcleanair.com
BUILDING SECURITY. New England’s most visible addresses rely on Spectrum Integrated Technologies SECURITY NETWORKS • ACCESS CONTROL • CCTV & COVERT SYSTEMS • DIGITAL RECORDING • DIGITAL VIDEO SYSTEMS • ELECTRONIC TURNSTILES • INTERCOMS • INTRUSION DETECTION • EXTENDED WARRANTIES • PREVENTIVE MAINTENANCE CONTRACTS
N
GL A EW EN
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REMOS T PR
O V I D E R O F T E L / D AT A A N D I N T E G R AT E D S
ECURIT Y
S Y S TE
MS
The technology division of J. & M. Brown Company, Inc.
267 Amory Street, Jamaica Plain, MA
•
Tel: 617-522-8800
•
www.spectrumit.com
WESSLING ARCHITECTS RESTORES HISTORIC UNION TRUST BUILDING one integrated design—one beautiful result.
1
Wessling Architects restored the facade and mansard of the Union Trust Building; a 500,000 sq. ft. Flemish-gothic style structure ranking among downtown Pittsburgh’s most architecturally significant structures. The restoration and modernization transformed the existing space into a modern Class-A, LEED-certified building.
1
PROFESSIONAL SERVICES
ARCHITECTURE
INTERIOR
BUILDING
one integrated design—one beautiful result. RESTORATION DESIGN
Presidents 1250 Inc. Hancock Street, Suite MA 02169 Stephen J. WesslingPlace, Architects, 1250 Hancock Street,815, SuiteQuincy 815N, Quincy, MA 02169 (617) 773-8150 www.wesslingarchitects.com (617) 773-8150 www.wesslingarchitects.com
Owners, Developers & Managers
18B February 3 - 9, 2017
New England Real Estate Journal
Institute of Real Estate Management Boston Metropolitan Chapter No. 4 202 Parke Ave. Quincy, MA 02171 Phone: 617-436-7565
President Peter Lewis, CPM
The Schochet Cos., AMO Braintree, Mass.
IREM Upcoming Events February 3
IREM Skiing with the IREM Members and Friends at Loon Mountain, New Hampshire
February 15
Managing Maintenance Operations and Property Risk - MNT402 Course meets program requirements: CPM, ARM, ACOM
February 23
Ethics for the Real Estate Manager - ETH800 Becoming an accomplished business professional takes more than just hard work. In fact, how you respond to ethical challenges has a big impact on your long-term personal reputation and success in business.
www.iremboston.org
ECONOMIC FORECAST MODERATED BY ZIMMERMAN AND HERTZ
Chapter president Lewis holds first official meeting at Granite Links QUINCY, MA Chapter president, Peter Lewis held his first official meeting at Granite Links Golf Club on January 11, Economic Forecast Meeting moderated by Barry Zimmerman and Michael Hertz with The Bulfinch Group, this year’s guest speakers included: •Jason Weismann, founder & senior partner Boston Realty Advisors. Weissman has over thirteen years of
industry experience in all aspects of real estate; residential brokerage, residential project marketing, office, retail, student housing and medical. As the principal of the organization, Weissman leads the strategic direction across all of the company’s divisions and works with corporate real estate users, developers and banking institutions.
• Bill Pastuszek, MAI, heads Shepherd Associates LLC, a real property valuation and consulting firm located in Newton MA. The firm serves a wide variety of local, regional, and national clients, including financial institutions. He is an active instructor and educational developer and has taught for many organizations and educational institutions.
Feb 24-25 | March 3-4 | March 6
ARM Exam ARM Track (ETH800, RES201, ARMEXM) - ARMTRK - ARMTRK Managing Residential Properties - RES201
February 28
21st Century Issues for Property Managers: A Legal Seminar **Training New Location: Times are changing, and the issues at your property are changing too! Being a property manager is already a difficult job, now add in all problems the 21st Century has created and it’s impossible to keep up!
March 1
IREM Boston Chapter Wine Dinner and Networking Event
March 15
“Boot Camp For Property Managers” So you think you’re ready for property management? Well we’ll see about that! It’s a jungle out there. Landmines are laid everywhere. Your next move could be your last. Without the proper training, you don’t stand a chance.
March 21-23
IREM Chapter installed 5 new Accredited Residential Managers shown (from left) are: IREM’s immediate international past IREM Chapter installed three new Certified Property Managers president, Christopher Mellen, CPM, ARM; Samuel Reuben Rymer, shown (from left) are: Myles Ostroff, CPM, Charter Realty ARM, Live Realty Boston LLC; Samuel Maman, ARM, HallKeen Management Corp.; Allison Perry, CPM, Maine Medical Management Company AMO; Jill Hanna, ARM, First Realty Center, Property Management; Shannon Purcell, CPM, Purcell Properties; 2017 IREM’s chapter president, Peter Lewis, CPM; Management Corp. AMO; Aida Diakite, ARM, Beacon Community LLC; Maryellen McMahon, ARM, Alcourt Management Corp.; and and IREM’s immediate international president, Christopher 2017 chapter president, Peter Lewis, CPM. Mellen, CPM, ARM.
2017 Northeast Regional Meeting in New York City Chapter Leadership Event
March 28
MA Landlord/Tenant Law Marijuana Consumption and Applications from Convicted Criminals Training 2017 “Hot Topics” in MA Landlord/Tenant Law
April 6
Massachusetts State House Tour and Networking Events Scholars American Bistro, Boston, MA
April 10-15
Asset Management Track (ASM603, ASM604, ASM605) - ASMTRK The Asset Analysis track is comprised of skill-based courses that, when taken in sequence, progressively build your knowledge of financing and valuation of real estate assets
May 11
IREM Social - Budweiser Tour and Networking Event at Anheuser-Busch Brewery
May 18-19
Marketing and Leasing Strategies for Multifamily Properties - MKL405
June 11
2017 Kennebunk’s Tour de Cure! Join our Team Schochet Companies and IREM Boston at Wells Reserve at Laudholm
The Boston Chapter of IREM recognized the chapter past presidents. Shown (from left) are: Thomas Hilditch, Jonathan Donahue, Michael Weintraub, David Barrett, Carol MacDonald, Christopher Mellen and 2017 chapter President Peter Lewis. Missing from the photo Anthony Carr and Robert Krauss.
Owners, Developers & Managers
nerej.com
February 3 - 9, 2017 19B
Institute of Real Estate Management FERN MULLEN / PAUL KAELLER / BRIAN GALLAGHER NATHANIEL NICHOLS / CAROL BUONOPANE CHRISTOPHER BUTKOVICH / KEVIN YOUNG JAMIE BEAULIEU / CAROLYN LEONARD
KAREN O’ROURKE, CPM
EDWARD SULLIVAN / JENNIFER GAUTHIER JUSTIN YOUNG / ERIN O’CONNOR CAROL MACDONALD / ERIK LAWRENCE KEITH DRISCOLL
CORCORAN JENNISON Management LLC
100 GRANDVIEW RD., BRAINTREE, MA. 02184
TEL: 781-849-0011
THOMAS BEATON, CPM ANDREW DOLBEN, CPM DANA POPE, CPM
Bayside Office Center 150 Mt. Vernon Street, Suite 520 Boston, MA 02125 617-822-7300 cjapts.com | cmjapts.com
100 GRANDVIEW RD., BRAINTREE, MA. 02184
TEL: 781-849-0011
CATHERINE SCHWARZ, CPM DONNA DeROSE, CPM MEGAN THOMOPOULOS, CPM DONNA HORAN, CPM TERRY MAGUIRE, CPM ANDREW P. BURNES, PRESIDENT
SUSAN REES, CPM
V o te d O n e o f B o s to n G lo b e ’s T o p P la c e s to W o r k in 2 0 1 3 & 2 0 1 4
HK HallKeen Management
The Dolben Co., Inc. 25 CORPORATE DRIVE, SUITE 210 BURLINGTON, MA 01803
TEL: 781-221-9000
RESIDENTIAL
CROWN COLONY PARK, 100 CONGRESS STREET QUINCY, MA 02169
TEL: 617-221-1000
617-423-7000 • www.firstrealtymgt.com
The Schochet Companies, Inc. AMO®
TEL: 617-354-6480
www.HallKeen.com
THE SIMON COMPANIES, COMMUNITY HABITAT INC., AMO
536 Granite Street, Suite 301, Braintree, MA 02184
David Flad, CPM , Peter Lewis, CPM , Grace Swierk, CPM®, Wendell Yee, CPM® ®
®
639 GRANITE STREET, GRANITE EXECUTIVE PARK, BRAINTREE, MA 02184
Real EstateTEL: 781-848-2500
Tel: 617-482-8925 Fax: 617-338-8505
Janet Frazier, President/CEO
Specializing in property management, real estate development and investment
web: www.thayerassociates.com
TEL: 781-762-4800
FRANKLIN W. SIMON, CPM HINDA M. SIMON-SNYDER, CPM, ARM CHRISTOPHER E. MELLEN, CPM, ARM GREGG JENNER, CPM, ARM JAMES BARRY, CPM; WARREN LIZIO, CPMC
DOUGLAS G. THAYER, CPM
1812 MASSACHUSETTS AVENUE CAMBRIDGE, MA 02140
ASSISTED LIVING
REAL ESTATE MANAGEMENT AND INVESTMENT, AMO 1400 PROVIDENCE HWY, BUILDING 1000, NORWOOD, MA 02062
AN ACCREDITED MANAGEMENT ORGANIZATION® 151 Tremont Street, Boston, MA 02111
C. JERRY RAGOSA, CPM JAMES T. COLLINS, CPM
THE NILES COMPANY, INC. AMO
|
Brian C. Bush, CPM and Mindy Diamantopoulos, CPM 1201 Westford St., Lowell, MA 01851 Phone: 978-458-0001 www.heritageprop.net
Providing a complete range of real estate services to the Greater Boston and New England area. 27 Mica Lane, Wellesley, MA
781-943-0000 www.maloneyproperties.com
WILLIAM C. STONE, CPM Changes
W. C. STONE Property Management Company, AMO 137 Weymouth Street, Rockland, MA 02370
TEL: 781-878-7222 Fax: 781-878-5444
Size: Card List From: Patty Run Date: 2-7
New Proof
Proof Approved
crop 2”
NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNAL If your company would like to appear on this page please contact John Picard
[email protected] New England Real Estate Journal P.O. Box 55, Accord, MA 02018 781-878-4540, ext. 250, 800-654-4993 (outside MA)
Section: NE ODM
Owners, Developers & Managers
20B February 3 - 9, 2017
New England Real Estate Journal
International Facility Management Association-Boston Area Chapter 617-925-0106, Fax: 978-662-1174
[email protected]
President Dawn Borden
FacilitiesPM Boston, Mass.
New IMFA Member Spotlight: Matt Feela is an engineering operations manager at CW Services. Feela received his bachelors of science in Operations and Project Management. The majority of his career has been in healthcare, but as of this year he has taken on his current role in higher education for a university in the downtown Boston area. Jerry Nadeau is the executive director and head ofAmerica’s, facility services at Novartis Pharmaceuticals. His educational background includes a BS in Construction Management from Wentworth Institute of Technology, also an AS in Architecture from Wentworth, and an MBA from Suffolk University. Hayden Perkin is a regional facilities manager at Google. Hayden’s role allows him to help create the world’s most fun and engaging workplace environment, with the goal to attract and retain the best employees (aka “Googlers”) and ensure they are happy, healthy and productive. With a background spanning disciplines - architecture, workplace strategy, consulting, psychology, change management, research, sales and marketing - Perkin is a passionate researcher and speaker on the world of workplace, technology and behavior. Rene O’Neil is a senior life safety executive with Encore Fire Protection. O’Neil has been in the life safety industry for almost 30 years, specifically sales for fire alarm, fire sprinkler and suppression preventative maintenance agreements. Encore Fire Protection is a privately owned company focused on the New England market only, which allows for superb service delivery at a lower cost than larger competitors. Adele Manty is an account manager/business development at Pinnacle Office Solutions. They are a full service commercial services provider with union and non-union entities specializing in relocation, installation and liquidation services. Dennis Hoffman, PE, is a mechanical engineer at Laporte Consultants. Hoffman has been designing and supporting facilities for many years. Aiming to provide the right systems, equipment and controls in the first place, he has always sought input from those who operate the facilities for refinements.
IFMA Upcoming Events February 6, 13, 20, 27, March 6, 13 and 20 CFM certification classes 5:30pm - 7pm
February 15
Lights, Camera... Legendary! 7:30am - 9am Legendary Entertainment | 585 Boylston St | Boston
March 29
Community Action Committee NAIOP Community Connect volunteers needed: contact Andrew Verderame
April 5
WEBINAR - Under Pressure: Looking for Answers through Workplace Design 12noon - 1pm
May 4
Furniture Trust: Eco-Carpentry Challenge volunteers needed: contact Annie McEvoy -
[email protected]
www.ifmaboston.org
HELP & GUIDE STUDENTS WITH EXPERIENCE AND KNOWLEDGE
IFMA members to participate in Eco Carpentry challenge as mentors
BOSTON, MA The mentors for the Eco
Carpentry challenge have the ability to impact the lives of the contenders. The projects are designed and in the process of being built by local high school students using recycled furniture provided by the city’s generous corporate donors. The goal of the annual challenge, which will be held on May 4, is to educate students and teachers about the value of recycling, while providing a creative opportunity for students to demonstrate their carpentry skills transforming old furniture into new products. The mentors help and guide the students with their experience and knowledge, giving them an opportunity to envision careers in the industry. 73% of students who enter a competition ultimately go to work in that related field.This is a win win for all involved. There is still a range of opportunities available, they welcome you to join The Furniture Trust in supporting this wonderful annual event. For more info, please email dana@ thefurnituretrust.org. 2017 Eco Carpentry Mentors & Contenders: • Bill Olson, Wise Construction, Team Just-A-Start Youthbuild, Cambridge; • Doug Caves, Agero, Team Medford Voc High School; • John Lorusso, Agero, Team Medford Voc High School; • Brian Connearney, Northeast Carpenters Union, Team Northeast Metro Regional Vocational Technical High School; • Joe DeVeau, Officeworks, Team Madison Park Technical Vocational High School; • Joseph DiClemente, Structuretone, Team East Bridgewater; • Ryan Eisenhauer, Structuretone, Team East Bridgewater; • Karen Bala, Dyer Brown, Team Whittier Regional Vocational Technical High School; • Alexandra Dupnik, Dyer Brown, Team Worcester Alternative School; • Neal Swain, Columbia Construction, Team Southeastern Reg. Vocational-Technical High School; • Jacob Stephen, Novartis, Team Somerville Full Circle High School; • Kane Cuddy, Bond Brothers, Team Somerville Full Circle High School.
Lights, Camera, Legendary! February 15 7:30 - 9:00 a.m. Legendary 585 Boylston St, Boston, MA Legendary Entertainment is known for producing some of Hollywood’s most successful blockbusters. The California-based motion picture and media company recently brought its action-packed, cinematic vision to Boston, relocating its analytics division to a downtown tower overlooking historic Copley Sq. Legendary’s East Coast headquarters is designed to optimize collaboration and creativity with a mix of offices, open and private conference spaces, and variable presentation surfaces. The office also celebrates Legendary’s many box office successes: LCD screens in the lobby welcome visitors with film posters and movie clips, while themed conference rooms recreate iconic set pieces from some of their most popular films, including: 42: The Jackie Robinson Story, Godzilla, and Dark Knight Trilogy. Come join IFMA to hear how the project team collaborated on the design, construction, and fit-out of this progressive office space.
For more information visit:
www.ifmaboston.org
Owners, Developers & Managers
nerej.com
February 3 - 9, 2017 21B
Community Associations Institute New England Chapter 888 Worcester St. Wellesley, MA 02181 781-237-9020
President Bob Keegan
DIRIGO Management Company Portland, ME
www.caine.org
Education for condo board members and managers Around New England, condominium association board members and their professional managers continue to be challenged with increasing demands on their time and resources, but are now also seeing a variety of new and even more complex questions. Legal questions around rules and regulation enforcement ranging from owner requests for emotional support animals to smoking tobacco and marijuana in communities, and governance issues like amending condominium documents to comply with new state condominium statutes or establishing rules to address new and before unheard of services like AirBnB or electric car charging stations are now becoming more common place. And while some of the issues confronting communities may be unique as a result of a changing industry driven by new technologies and the demands of a new generation of condominium unit owners, many stay the same including finding volunteers to serve on association boards and committees and educating new condominium homeowners about their role and responsibility in a common interest community. Board Member and Manager Education CAI and the New England chapter continue to develop programming that addresses these and other evolving questions and issues for condominium boards and owners as well as the professionals who manage and work
with them. In the coming months association volunteer leadership training programs and workshops will teach association board members how to communicate with association residents, hire qualified managers and service providers, develop enforceable rules, interpret governing documents and more. The workshops will provide a comprehensive look at the roles and responsibilities of community association leaders and convey information to help create and maintain the kind of community people want to call home. In addition to the workshops, a series of live webinars presented by industry professionals including attorneys, engineers, accountants, managers and others will offer best practices and an opportunity to ask specific questions. Convenient and easily accessible, these webinars will compliment other conferences and expos scheduled throughout the year where volunteer leaders, managers and business partners can meet, network and exchange in person their best practices in association governance and management. Professional manager education will remain another priority with eight Professional Management Development Programs (PMDP) scheduled in 2017. Ranging from the popular M-100 Essentials of Community Association Management, a comprehensive course providing a practical overview for new managers and an essential review for veteran managers
2017 CAI N.E. Chapter Board of Directors •Edmund Allcock, Esq., CCAL, Marcus, Errico, Emmer & Brooks, P.C., Braintree, MA • Kerry Beaulieu, CMCA, AMS, PCAM, Mercantile Property Management Corp., Buzzards Bay, MA • Nicholas Boit, CMCA, AMS, Brigs, LLC, AAMC, Boston • Gary Daddario, Esq., CCAL, Winer and Bennett, LLP, Tyngsboro, MA • Frank Lombardi, Esq., CCAL, Goodman, Shapiro & Lombardi, LLC, Lincoln, RI • Andrew Robinson, Brickworks Condominium Association, Cambridge, MA • Paula Solemina, Pro-Care, Inc., Woburn, MA • Peter Westhaver, CMCA, AMS, PCAM, Barkan Management Company, Inc., Boston
to the advanced M-310 Management Company Administration to help owners and senior managers build the skills and knowledge to increase the efficiency and effectiveness of their management companies, there’s valuable education for all manager levels of interest and experience. Peer Networking In addition to formal education, the CAI New England chapter continues to offer invaluable opportunities for peer networking. Making connections and building a strong network of industry professionals and like-minded colleagues, can offer yet another opportunity to find resources and answers. With more than a dozen New England chapter committees including the managers’ committee, attorneys committee, CEO manager forum and more, as well as a variety of annual social gatherings including the chapter dinner in March and golf tournament in June, the Emerging Leaders Network (ELN) also hosts popular quarterly receptions and outings around the chapter. In 2017 CAI and the New England chapter will bring to industry professionals, condominium homeowners and board members, dozens of opportunities to find the important information they are seeking to better manage and govern communities around New England.
Bob Keegan, CMCA, AMS, PCAM, is the 2017 CAI-NE Chapter president.
2017 Condo Media Inc. Board Members • Wesley Blair III, Brookline Bank, Boston • Kenneth Bloom, CPA, Bloom Cohen Hayes LLC, Needham, MA • Richard Brooks, Esq., Marcus, Errico, Emmer & Brooks, P.C., Braintree, MA • Jack Carr, P.E., RS, LEED-AP, Criterium Engineers, Portland, ME • Claudette Carini, CAI New England Chapter, Wellesley, MA • Jared McNabb, CMCA, PCAM, Brook House Condominium Trust, Brookline, MA • Gregory Pierce, CPA, LIA, Northstar Insurance Services, Inc., Needham Heights, MA • Ellen Shapiro, Esq., Goodman, Shapiro & Lombardi, LLC, Dedham, MA
CAI NE Calendar of Events February 7 Condo Media Board Meeting February 9 Managers’ Committee Meeting Natick, MA February 15 Attorneys’ Committee Meeting Dedham, Mass. March 14 Condo Media Board Meeting March 18 Board Leadership Development Workshop Natick, MA March 24 Annual Chapter Dinner & Awards Burlington, MA March 30-April 1 M-100 The Essential of Community Association Management Natick, MA Professional Management Development Programs (PMDP) coming to New England in 2017 M-100 The Essentials of Community Association Management July 20-22, 2017, New Haven, CT M-201 Facilities Management* April 6-April 7, 2017, Danbury, CT M-202 Association Communications* October 19-20, 2017, Natick, MA M-204 Community Governance* July 27-28, 2017, Natick, MA M-205 Risk Management* November 2-3, 2017, Norwich, CT M-206 Financial Management* May 18-19, 2017, Portland, ME M-310 Management Company Administration July 13-14, 2017, Sturbridge, MA
Meet the CAI Members:
Bob Keegan, CMCA, AMS, PCAM DIRIGO Management Company
Jared McNabb, CMCA, PCAM Crowninshield Management Corp., AMO
Bob Keegan is vice president of residential management at DIRIGO Management Co. A long-standing and active member of CAI-NE, he has served two terms on the board in a number of leadership roles and serves as the 2017 chapter president. In addition, he is co-chair of the chapter’s Maine State Advisory Council, a delegate to the CAI Maine Legislative Action Committee (MELAC) and a frequent chapter speaker at the Annual Maine Condo Forum.
Jared McNabb, CMCA, PCAM is the director of acquisition with Crowninshield Management Corp. A past president of the chapter, he is the 2015 president of Condo Media, the official publication of the CAI New England chapter. He has served two terms as a CAI-NE board member, and was recognized nationally as the recipient of the CAI Excellence in Membership Award.
1 City Center, Portland, ME 04101
[email protected] www.didigomgmt.com
18 Crowninshield St., Peabody, MA 01960 978-532-4800
[email protected] www.crowninshield.com
For more information visit: www.caionline.org
Back Page B February 3 - 9, 2017
Owners, Developers & Managers
New England Real Estate Journal
Northern New England Trusted. Seasoned. Leaders. 11 Court Street, Exeter, NH 03833 p. 603.778.6300 f. 603.778.6331 Marie J. Bodi, COS, Property Manager New Business Development 2013 NHCIBOR Realtor® of the Year www.cpmanagement.com
[email protected]
Quick Read White of CBRE | Portsmouth sells two condo units for $175,000
CHENEY OF RE/MAX ON THE MOVE REPRESENTED BUYER
Cardente Real Estate sells 28 Broad St. for $3.125 million According to Cardente Real Estate, New Hampshire-based Broad Street, LLC has purchased
BANGOR, ME
SEE PAGE 2C
KW Commercial leases 7,000 s/f at 880 Page St. in Manchester
SEE PAGE 4C
Northbridge Cos. and The Sandy River Co. complete 90,848 s/f Stroudwater Lodge
Michael Cobb
Michael Cardente
the luxury apartment building at 28 Broad St., from 28 Broad Street, LLC for $3.125 million. The four-story property in the heart of downtown is considered the city’s premier residential building. It Matthew Cardente features 18 custom units with amenities. The property’s former owner, 28 Broad Street, LLC, invested $1.6 million over two years to renovate the former Dakin Sporting Goods building. The first units opened in spring 2016, and all 18 were fully occupied at the time of sale. There is currently a new tenant waiting list. “This sets the tone for Downtown Bangor,” said Mike Cobb of Car-
dente Real Estate. “The sellers saw an opportunity and built an amazing product. They were able to achieve rental prices that hadn’t been seen in this market previously. That, combined with a fantastic tenant mix and top-notch management made for a turn-key product that gained notice
from local, regional and out of state investors alike.” The renovation and sale of 28 Broad St. exemplifies the ongoing reurbanization and growth of Bangor’s downtown as residents opt for walkable neighborhoods close to retail,
restaurants, breweries, entertainment and cultural attractions. This transaction was brokered by Cobb, Michael Cardente and Matthew Cardente of Cardente Real Estate in Portland for the seller, and Marion Cheney of RE/MAX on the Move for the buyer.
Rohrer and Martin of Colliers International lease 11,000 s/f at 160 South River Rd. Colliers International, a global leader in commercial real estate services, leased 11,000 s/f at
BEDFORD, NH
SEE PAGE 7C
20 Pages Maine Spotlight .......................7C By Matthew Cardente...........8C By Joseph Porta .....................9C CIBOR NH ........................ 14-15C
New England Real Estate Journal nerej.com
February 3 - 9, 2017 Section C
Bob Rohrer
Doug Martin
160 South River Rd. Bob Rohrer and Doug Martin of Colliers International’s Manchester office represented the lessor, CREG 160 South River Road LLC, a subsidiary of RJ Finlay & Co. Rohrer also assisted the lessee, Catholic Medical Center (CMC). CMC, a health services provider in southern N.H. has entered into a
long-term lease agreement at 160 South River Rd. Current plans call for the opening of a vein clinic and providing office space to several medical specialty groups. CMC’s uses will mesh well with Derry Medical Center’s (DMC) plans for primary care offices and related services. DMC signed a long-term lease toward the end of 2016. “We are excited to be part of the transformation of 160 South River Rd. to one of Bedford’s premiere medical office centers. We believe our patients, as well as those of Derry Medical and Bedford Women’s Care, will be enhanced by having such a wide range of medical services located in one place,” said Alex Walker, EVP of operations at CMC. Bedford Women’s Care is also a tenant at 160 South River Rd.
As part of the new lease agreements with CMC and DMC, RJ Finlay & Co. is planning significant improvements
to the property, which will contribute to making 160 South River Rd. a premier medical office center.
Northern New England
Inside Cover C February 3 - 9, 2017
New England Real Estate Journal
116 South River Road | Bedford NH | 603.668.7000 28 Deer Street, Suite 301 | Portsmouth NH | 603.431.3001 www.nainorwoodgroup.com
The information provided herein, while not guaranteed, is secured from sources we believe to be authoritative. All data is subject to change of price, error, omissions, other condition or withdrawal without notice.
103
116 S River Rd. Bldg B Bedford, NH
481 West Street Keene, NH
341 Amherst Street Nashua, NH
Old Concord Turnpike Barrington, NH
This 7,500+/- sf stand alone brick clad building replicated from the Williamsburg architectural venue is for sale. The building has been owned and operated by the same financial firm since it was erected. Coldstream Office Park is home to a host of professional types ranging from financial advisors; commercial real estate; advertising firms; insurance agencies and staffing agencies. For additional information please contact Louise Norwood or Chris Norwood.
A 220,000+/- SF shopping center which is 100% leased except for this unit. Tenant will be vacating in early 2017. Ideal location for retail or office space located in the hub of Keene, NH. For additional information please contact Aron Brown.
Two retail spaces are now available within the popular, high-end Red Fall/Green Fall Marketplace Plaza located along busy Amherst Street (NH Route 101-A) at the corner of Trafalgar Square. Good access to major highways. Come join Five Guys Burgers, Tilted Kilt Pub & Eatery, Firehouse Subs, OrangeTheory Fitness and many others. For additional information please contact Perry Snow.
103+/- acres of vacant land zoned regional commercial now available. The property is in the economic revitalization zone, and it is also in current use. Ideal for either an industrial use, office use, residential use, or a mixed use. For additional information contact Andy Fleisher.
Office Retail Industrial Multi Family Self Storage Land Investments Consulting
360 Route 101 #1 Bedford, NH
3 Overlook Drive Amherst, NH
125 Route 101A Amherst, NH
1782 Dover Road Epsom, NH
Condominium for Sale/Lease w/ease of access at lighted intersection at the Hannaford's entrance. New wall to wall carpeting and freshly painted, the suite has been refreshed and in move in condition. Lovely fireplace sets the tone for this upscale office suite. Bullpen can easily accommodate ten work stations though more demised office could easily be built out along with the four offices presently in place. For additional information contact Louise Norwood or Chris Norwood.
The interior layout in this 1,479+/- square foot condo is nicely finished space with a welcoming and functional kitchenette area overlooking the office park. With five offices plus several additional workspaces/closet spaces for equipment or temporary work, it has been set up to accommodate a significant number of workers in a quaint office space. For additional information contact Matt Bacon or Jeff Lessard.
This prime retail development site is located on busy Route 101-A in Amherst at a lighted intersection. The site is anchored by national tenants such as Dunkin Donuts, Taco Bell, KFC, Bed Bath & Beyond, Lowes to name a few and has 295 feet of frontage with a traffic count of 38,000+/- VPD. Build to suit or ground lease available with an approval for a retail building up to 12,000+/- SF. Site has public water with private septic.
Excellent retail opportunity now available for sale. This 8,974+/- SF property with 5.6+/acres of land is located in a prime location, offering heavy traffic counts of over 17,000+/vehicles per day. Building is comprised of 3 separate units. This property has many potential uses such as retail, multi family or can be a great opportunity for redevelopment. For additional information contact Jay Lee.
Buyer Representation Seller Representation Tenant Representation Landlord Representation Land and Development Services Investment Advisory Off Market Opportunities Consultations
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In our world, architectural creativity and integrity are partners. Creativity and integrity are inseparably linked, and reinforced by a commitment to making you a partner in the design process. Thomas A. House, AIA is the founding Principal of THA Architects, LLC and has more than 25 years of professional experience in the areas of design, planning and construction. Tom contributed to the design of numerous developments including a mixed-use building, an adaptive re-use of existing mill building and skilled nursing residences with an Alzheimer unit component. Tom also has extensive experience in the design of luxury flat and townhouse condominiums, 55+ communities, live/work artist lofts, multi-family apartments, Assisted Living Facilities with a skilled nursing component and Continuing Care Retirement Communities consisting of independent living units, assisted living units, and healthcare rooms. THA Architects, LLC is currently working on a Continuing Care Retirement Community (200 Independent Living Units, 40 Assisted living Units and 54 healthcare beds), 19,000 sf Medical Office Building, 50,000 sf Commercial strip mall, 5,000 sf restaurant and renovation of a historic building to house luxury condominiums to name a few. Tom has worked on projects up and down the Eastern seaboard, from Florida, New Jersey, Pennsylvania, and New York and into the New England states of Connecticut, Massachusetts, New Hampshire and Maine. We encourage you to explore the benefits of working with THA Architects, LLC.
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49 Hancock Street Manchester, NH 03101 603.668.2648
23 Evergreen Drive Portland, ME 04103 207.887.9065
New England Real Estate Journal
BERESIN OF THE BEAN GROUP REPRESENTS BUYER
White of CBRE | Portsmouth sells two condo units for $175,000 According to CBRE | Portsmouth, Macvogel Enterprises, LLC has purchased units 1A and 2A at 29 Lafayette Rd. The units consist of a combined total of 2,256 s/f and sold for $175,000. The new owner, Jeff W. Vogel, Kent White DVM, DACVD, plans to relocate his practice, Vogel Veterinary Dermatology, to this new location. Dr. Vogel provides board-certified dermatology services to pets across New England. Kent White of CBRE | Portsmouth represented the seller, HCA Realty,
NORTH HAMPTON, NH
Saint Anselm College
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Inc., and Hank Beresin of the Bean Group represented the buyer in this transaction.
Pr o p er ty : B u i l d i n g SF: Fo o tp r i n t: Si te Si z e:
2 1 E astman Avenue Bedford, N. H . 0 3 1 1 0 6 ,0 0 0 ± SF 3 ,0 0 0 ± SF / finished level 1 . 1 5 ± acres
2 1 E astman Avenue is a freestanding , two- story, 6 ,0 0 0 SF office/medical facility situated on 1 . 1 5 acres. Th e b u i l d i n g i s c u r r en tl y f u l l y o c c u p i ed b y tw o l o n g ter m ten a n ts w i th ea c h ten a n t o c c u p y i n g a f u l l f l o o r (3, 0 0 0 ± SF). Sep a r a tel y m eter ed u ti l i ti es.
A section of the New England Real Estate Journal
Rea of Franklin Savings Bank promoted our customers with superior customer service make her an ideal candidate for this new role.” Rea joined FSB in January 2015 as a personal banker. She has over 11 years of experience in retail banking and previously worked for Merrimack County Savings Bank for nine years. Rea graduated from White Pines College with a degree in photography.
FRANKLIN, NH Franklin Savings Bank promoted Nicole Rea to assistant branch manager of the bank’s second office located at 933 Central St. In her new role, Rea will focus on coaching and supporting sales, service and operational initiatives Nicole Rea for her team.
Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, retail banking and investment services throughout the Central Lakes Region and southern N.H.
“Nicole has been a tremendous asset to our retail team since joining us,” said Ron Magoon, president & CEO. “Her professionalism, leadership and commitment to providing 21 EASTMAN AVENUE, BEDFORD, NH
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GAMBACCINI REPS TENANT; MARTIN OF COLLIERS REPS LANDLORD
Property Valuation Advisors
----- ---- - - - ----- - --$
KW Commercial leases 7,000 s/f at 880 Page St. in Manchester KW Commercial completed the lease of 7,000 s/f of industrial/flex space at 880 Page St. Dave Gambaccini represented the tenant and Doug Martin of Colliers International represented the landlord.
MANCHESTER, NH
S t e p h e n Tr a ub , A S A
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63 Hill St. Newb uryport, MA 019 5 0
9 7 8 -4 6 2 -4 3 4 7
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Dave Gambaccini
This property is the new home for The Majestic Theatre, Ted Herbert Music School. Karen Bessette of the Majestic Theatre said, “We anticipate this will be
de Pinquertaine joins Eckman Construction as assistant project manager Eckman Construction has hiredAshlynne de Pinquertaine to their project management staff in the role of assistant project manager. de Pinquertaine has been working in the construction industry since 2010, having worked for Ashlynne owners de Pinquertaine project and area subcontracting firms. BEDFORD, NH
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one of our final moves with a long lease in place.” Rob Dionne said, “We expect to
“From pre-construction project planning through project closeout, Ashlynne will be helping our project managers with every facet of handling
a project,” said John Deloia, vice president, Eckman Construction. “Ashlynne is hard-working and organized, and her attention to detail and ability to take on a variety of tasks makes her a great resource for our project management team.” de Pinquertaine’s experience from the subcontracting side of the industry combined with her versatile skill set and organizational prowess will help her in her new role at Eckman. In addition to her industry experience, she holds a MBA degree from Southern New Hampshire University and a BS degree in Architecture from Keene State College.
grow and hope to have the opportunity to expand to fill even more space here over time.”
Caron of Stebbins Comm’l. leases 1,865 s/f
Deanna Caron of Stebbins Commercial Properties has leased 1,865 s/f at 62 Stark St. for three years to Raimo and Gallagher, PC, a law firm previously located at 67 Central St. Caron repreDeanna Caron sented the landlord, Block Number Seven and assisted the tenant.
MANCHESTER, NH
With the Carpenters Union, we know what to expect from the development phase to completion of the project.
Pre construction planning Construction phase
Mark DiNapoli President & General Manager Northeast Region Suffolk Construction
Post construction phase Tenant fits outs
(603) 593-5311 http://monadnockcommercialbuilding.com
Long-lasting partnerships are born of shared values and vision. For Suffolk Construction and the New England Regional Council of Carpenters, those common bonds include welltrained workers, exceptional quality, collaboration, and a commitment to the communities in which we work. The Carpenters Union delivers a predictability that contractors and developers can rely on – from timeframe to budget to safety and more. 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
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INVESTMENT REALTY ANALYSTS & APPRAISERS
79 Old Winthrop Road P.O. Box 979 Phone: 207-621-0600 Augusta, ME 04332 Fax: 207-621-0700 Email:
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#!! $ % "& ""'%&$ %&&
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45 Exeter Road, P.O. Box 400 #!! $ &$ &' & Epping, NH 03042 " %& $
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603-432-2225
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Seller/Landlord Representation Buyer/Tenant Representation · Seller/Landlord Representation Buyer/Tenant Representation Seller/Landlord Seller/Landlord Representation Representation Investment Investment · Buyer/Tenant Representation Buyer/Tenant Buyer/Tenant Representation Representation Business Brokerage Business Brokerage Investment Investment · Investment Consulting Consulting Business Business Brokerage · Business Brokerage Brokerage Development Development Consulting Consulting · Consulting 116 South River Road | Bedford | NH 03110 | 603.668.7000 Development Development · Development
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116 South River Road | Bedford | NH 03110 | 603.668.7000 100 Market Street Suite 200 | Portsmouth | NH 03801 | 603.431.3001 116 SouthStreet River 116 Suite South Road200 River | Bedford Road | NH | Bedford 0311003801 || NH 603.668.7000 03110 | 603.668.7000 100 Market | Portsmouth | 603.431.3001 116 South River Road | Bedfordto| |NH NH 03110 603.668.7000 www.nainorwoodgroup.com | Committed New Hampshire, Connected to the World 100 Market28 100 Street Market Suite 200 | Portsmouth Suite 200 | Portsmouth | NH |03801 || NH 603.431.3001 03801 | 603.431.3001 Deer StreetStreet Suite 301 | Portsmouth NH 03801 603.431.3001
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Maine Spotlight PROCON, CONSTRUCTION MANAGER; DESIGN BY GAWRON TURGEON ARCHITECTS
Northbridge Cos. and The Sandy River Co. complete 90,848 s/f Stroudwater Lodge WESTBROOK, ME The newly complet-
ed 90,848 s/f Stroudwater Lodge Senior Living community is open to residents. Northbridge Companies of Burlington, Mass. and The Sandy River Company of Portland, Me. developed the project that is located at 116 Landing Rd., with quick access to I-95 and minutes from downtown Portland. PROCON of Manchester, N.H. was the construction manager and Gawron Turgeon Architects of Scarborough, designed the building. The three-story, 95-apartment community offers luxury studio, one and two-bedroom apartments with the option of independent or assisted living. It is a thoughtfully designed environment offering a robust selection of convenient programs and services that work with the residents’ age, not against it. Onsite amenities include a theatre, salon and barber shop, gourmet kitchen, pub, fitness center, and an outdoor patio with a fire pit. Planned group programs are also available for the residents to enjoy, such as cooking classes with the executive chef, computer classes, yoga or even learning how to paint though the Artists in Residence program. Stroudwater Lodge is a community echoing the style of a Maine Lodge with gabled roofing, and a heavy timberedA-frame entry. Inside, the lobby features a stone veneer two-sided fireplace and concierge desk with a
grand staircase leading to the 2nd floor mezzanine. The property also boasts a mile of walking trails for outdoor excursions. According to PROCON’s project manager, there have been many favorable responses to the new community. He said, “We have had compliments all around by everyone who has seen the final product. People love the property and they love the way it turned out.” “We are thrilled to welcome Stroudwater Lodge to the Northbridge family,” said Wendy Nowokunski, president of Northbridge Companies. “The local Westbrook community has been so welcoming and we look forward to serving many local families and the greater Portland in the years to come.” Stroudwater Lodge sits on a 65-acre campus adjacent to the well-renowned Avita of Stroudwater which opened in 2013 and specializes in Alzheimer’s disease and dementia care. The two communities cover the full continuum of senior living options and function as part of the larger Westbrook community with common areas for local events. Northbridge owns and manages three other senior living communities in Brunswick and Wells. Together, the three new communities will generate 285 jobs in the state of Maine and directly address the current high demand for senior housing.
Johnson of Harriman elected to AIA’s National Strategic Council According to Harriman, a multi-disciplinary design and engineering firm with offices in Maine, N.H., and Mass., principal Judy Johnson, AIA, LEED AP BD+C has been selected byAmerican Institute of Judy Johnnson Architects (AIA) New England to serve on the AIA National Strategic Council. Johnson will be one of 55 representatives on the council, each representing different regions and areas of interest across the U.S. The three year appointment began on January 1. Johson’s one-year term as president of AIA New England ended on December 31, 2016. Previously, she served a two-year term as president of AIA Maine. She has been a driving force for change at both levels, starting initiatives that refreshed the
PORTLAND, ME
complexion of AIA Maine and AIA New England into more relevant, active groups, bringing awareness of opportunities to her fellow AIA members, and connecting the groups to the national level. The AIA formed the National Strategic Council in 2014 as an advisory group for the board of directors, tasked with assembling goals and objectives, recommending public policy, reviewing operational plans and budgets, and disseminating information and insights of important professional issues. The council is designed to help the AIA better serve all members. “My involvement with the AIA has evolved from the state level, to the regional level, and now the next step in my journey is serving on the national AIA council. My passion for architecture and promoting the profession, combined with my experience of serving the AIA on state and regional levels, has prepared me for this next step,” said Johnson.
DAY OF CBRE THE BOULOS CO. REPRESENTS SELLER
NAI The Dunham Group sells 114,017 s/f building in Portland SOUTH PORTLAND, ME NAI The Dun-
ham Group negotiated the sale of 82 Running Hill Rd. NewYork investors
Tom Moulton
Katie Millett
and father-and-son partners, John
and George Cacoulidis, purchased the 4-story, class A office building under the name Time Management Corp. from Dead River 82 Running Hill, LLC. The premier property is a 114,017 s/f building on 12.37 acres. Dead River Company will remain the building’s anchor tenant, and Fairchild/ON Semiconductor will stay as well. The building has a 13,000 s/f vacancy that is available for lease.
The Cacoulidis family portfolio also includes notable buildings such asTwo Monument Sq. in Portland, 300 Southborough Dr. in South Portland, and the former Portland Press Herald printing press building in Portland. Tom Moulton, CCIM, SIOR and Katie Millett from NAI The Dunham Group brokered the sale on behalf of the buyer. Charles Day of CBRE The Boulos Co. represented the seller.The deal closed January 18th.
Northern New England
8C February 3 - 9, 2017
New England Real Estate Journal
Maine Spotlight
Southern Maine’s commercial real estate market still booming, and expected to remain that way Matthew Cardente
Cardente Real Estate 2016 marked yet another strong year for Southern Maine’s commercial real estate market. Early indications seem to mirror this positive trend for 2017 with the chance of a healthy slowing of the market near year’s end and into 2018. We continue to see high demand from investors, interest rates are still low though on the rise, and new construction is progress with plans for future development. Below is a summary of the year-end
Running Hill Rd. in South Portland, a 114,000 s/f class A office building, earlier this month for undisclosed amount and the sale of 100 Larrabee Rd. complex in Westbrook sold this January as well. When available, investment properties will be a hot commodity for investors this year, as well as 2018. Southern Maine’s Office Sector Greater Portland’s office market set records over prior year in 2016. Per CBRE | The Boulos Company’s 2017 Office Market Survey, the overall vacancy rate was 6.17% in 2016 verse 6.52% in 2015 with Downtown Portland class A office on a three-year decline at 2.62% vacancy rate by year’s end. At such lows, we may see a
With such demand and limited supply, expect higher lease rates in 2017, as well as new construction taking root in the larger cities, and are industrial hubs including a new Industrial Park coming to 2401 Broadway in South Portland. With such demand, capitalization rates have dropped slightly averaging around 8-9%. Several major investment sales occurring in 2016 included the Walmart sale in Falmouth for $12,436,000 and Auburn Plaza in Auburn selling for $20 million. Investments transactions are already off to a strong start in 2017 with the sale of 82
trends for each of Southern Maine’s commercial sectors along with my forecasts for 2017. Southern Maine’s Investment Market 2016 was a seller’s market for investment properties throughout Maine. Competition was high while inventory remained extremely low.
“Building a Foundation of Trust, One Client at a Time...” Now Available for Sale The
2016 CARDENTE REAL ESTATE BROKER OF THE YEAR
BERLIN MILLS WHARF
398-410 Commercial Street, Portland, Maine
Michael Cardente is the recipient of our 2016 Broker of the Year Award. Celebrating a decade as a licensed broker, Michael surpassed personal and company records for sales and leasing in a single year. Notable 2016 transactions include the $3,100,000 sale of 585 Congress Sreet, Portland, a 29,000 +/square foot downtown investment property, Michael Cardente Harpswell Coastal Academy’s leasing of 13,594+/- SF at 8 Leavitt Drive in Brunswick, and two investment sales in Yarmouth, 30 Forest Falls Drive that sold for $1,125,000 and the $1,900,000 sale of the retail complex at 374 US Route One in Yarmouth.
NEW LISTING
•
3.04+/- Acre Downtown Portland Waterfront Property
•
21,600+/- SF Office/Retail Building & 4,911+/- SF Wharf Building
•
Includes Wharf w/ Two Piers - Prime for Long-Term Redevelopment Listed by Matthew Cardente & Cheri Bonawitz
[email protected] • (direct) 207.558.6117 • (cell) 207.233.7229
[email protected] •
[email protected]
MARNIE COLEMAN JOINS CARDENTE AS DIRECTOR OF OPERATIONS Please join us in welcoming Marnie Coleman to Cardente Real Estate as our Director of Operations. Prior to joining Cardente Real Estate, Marnie was the Assistant Market Center Administrator at Keller Williams Realty Greater Portland where she was responsible for legal compliance of real estate transactions. Marnie Coleman Marnie holds a B.A. from Whitman College, an M.A. in Art History from the University of Illinois Urbana-Champaign, and is a Ph.D. candidate at UIUC. Ms. Coleman is a member of the Maine Association of REALTORS, Maine Commercial Association of REALTORS, and the National Association of REALTORS. Marnie and her two children reside in Portland.
[email protected] • (direct) 207.558.6123 • (cell) 207.754.5601
Celebrating Over a Decade of Excellence and Counting...
Premier Lease Offerings at
OCEAN GATE PLAZA
511 Congress Street, Portland, Maine
Restaurant/Retail Space •
Class A Office Space
1,500 - 6,037+/- SF Signature Location with Grand Entrance 22’ Floor to Ceiling Glass Windows abutting Congress St.
•
4,485 +/- SF on Fifth Floor
•
Corner Suite w/ Panoramic Views
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Subdividable to 2,100+/- SF
•
Potential for Outdoor Seating
•
Walking Distance to Old Port
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Unbeatable Signage & Visibility • Class A Finishes Throughout Listed by Matthew Cardente & Cheri Bonawitz
•
[email protected] •
[email protected]
322 FORE STREET, PORTLAND, MAINE • (t) 207.775.7363 • (f ) 207.773.0066 • WWW.CARDENTE.COM
healthy leveling though historic trends may bring the rate down even lower. Every year, MEREDA holds their Annual Real Estate Conference in Portland to provide professionals with crucial data regarding the state of our industry and Maine’s economy. Nate Stevens, associate broker at CBRE | The Boulos Company, presented this year’s office forecast and provided a very compelling historical correlation between new office construction in Portland and office vacancy rates for that year. CBRE | The Boulos Company’s chart showed us that 279,000 s/f of new office construction took place in Portland between 1998- 2004; 198,000 s/f developed in 2007, and at least 55,000 s/f is under construction or planned as of last year. For each period where new office construction occurred in Portland, the office vacancy rate was always below 4%. If history repeats itself, the next couple of years could equate to lower rates and new development. Sothern Maine’s Industrial Sector The industrial sector has boomed in Maine last year. Per the Dunham Group’s 2017 Industrial Survey, based on 18,260,479 s/f of industrial space, Southern Maine’s industrial vacancy rate was at 2.32% last year with Westbrook the lowest at 0.5% and Portland at 1%. Inventory is currently limited for industrial users and as the pool of tenants falling within the “industrial category” grows such as breweries, coffee shops, and Cannabis uses, the market is extremely competitive. With such demand and limited supply, expect higher lease rates in 2017, as well as new construction taking root in the larger cities, and are industrial hubs including a new Industrial Park coming to 2401 Broadway in South Portland. Southern Maine’s Retail Sector As with the other commercial sectors in Southern Maine, the retail market was hot in 2016 with big plans for 2017. A new 500,000 s/f major retail center is coming to Westbrook, the “recession proof ” Old Port maintains almost non-existent vacancy rates, and sale prices and lease rates are up. According to Malone Commercial Brokers 2017 Retail Survey presented by Peter Harrington, the average retail lease rate for 2016 was $17.50 per s/f verse $14.77 per s/f in 2015 and Southern Maine’s vacancy rate last year was at 3.44% verse the national average of 11.2%. With such strong data, there are no indications of a slowdown for 2017. My prediction for 2017 is simple. Expect another blockbuster year for Southern Maine’s commercial real estate market.
Matthew Cardente is owner/designated broker of Cardente Real Estate, Portland, ME.
Northern New England
nerej.com
February 3 - 9, 2017 9C
Maine Spotlight
Portland’s multifamily sector has surged due to lack of supply in the face of new demand Joseph Porta
CBRE | The Boulos Company The city of Portland has a total renter occupied housing stock of 16,800 units, per a survey commissioned by City Hall in 2014. Local capital markets tend to follow national trend lines, inelastically but consistently; yet downtown Portland’s multifamily sector has surged over the last three years with a higher beta, due primarily to one factor: lack of supply in the face of new demand. The private sector is robustly solving for this shortage, with nearly 700 new rental units being added to the downtown market alone in 2016 and 2017. This represents a four percent increase in the total inventory of renter occupied multifamily properties citywide, which is a staggering ratio when compared to some of the nation’s top multifamily markets. Nationally, we saw vacancy rates creep up 10 basis points from Q2 of 2015 to 4.4% year over year. This is a relatively small uptick considering the national marketplace absorbed a net quantity of 202,000 new units in the trailing 12 months. The second quarter year over year rent appreciation was down from 5.3% in 2015 to 3.3% in 2016, which is still above the historical average annual increase of 2.4%. A sample from a handful of Portland’s largest landlords reported an increase in vacancy to four percent up from roughly three percent a year ago, with overall rents flattening and projected to stay at roughly the same levels over the next 12 months. This is a sign of two things: 1) Portland is sustaining occupancy rates and rents on par with national averages despite absorbing an immense quantity of new inventory relative to the existing housing stock; 2) competition is adding choices to the marketplace and halting some of the rate increases experienced in 2014 and 2015 when Portland’s downtown rental increases kept pace with the 5% national average. Portland’s aging and antiquated housing stock has benefitted greatly from economic and social trends which are extending the length of time individuals and families are willing to rent instead of own. Urban living continues to be the preferred choice of Millennials and is increasing in popularity among baby boomers. For the first time in Portland’s modern history, there is demand for a class A renter occupied product to service middle and upper middle class demographics. That inventory simply did not exist in any meaningful scale in previous years, with 39% of the state’s 1.33 million population living in suburban communities within a radius of 25
Homeownership vs. Renter rates
Historical U.S. vacancy rates and change
miles to downtown. These demand trends should continue and we expect supply to follow and expand to all apartment types. Investment capital looking for longterm, stable returns is also targeting renters looking for smaller, more
affordable product. One example of this locally is in the Schlotterbeck and Foss redevelopment on Preble St., which is delivering 57 efficiency and one-bedroom units with higher-end finishes in apartments as small as 250 s/f, and rent options starting around
$1,000 per month. In addition to what is happening at the top of the rental and condo markets, the renovation of hundreds of existing rental properties are being renovated not just to capture higher rents, but oftentimes to defend against long-term erosion in rents as part of an asset management strategy utilizing historically low interest rates. This will provide more choice to the consumer and has already instigated competition amongst landlords. Downtown Portland’s growth of 700 units of net new supply over the next two years in multifamily inventory is emulating that of considerably larger markets. In fact, that growth outpaces two cities on the list of the U.S.’s top 45 multifamily markets. Providence and Memphis
have inventory levels of 99,142 and 85,139 units respectively and added 183 and 699 new units since Q2 of 2015. Portland’s downtown showed durability throughout the last recession and strength since then with cap rates dropping across all asset classes, and market values steadily rising to all-time highs. With interest rates on the rise, look for cautious but continued steady growth in downtown urban infill, as supply continues reacting to a permanent shift in the increasing willingness to rent across all income demographics.
Joseph Porta, SIOR, is partner of CBRE | The Boulos Company, Portland, ME.
GREATER PORTLAND
RETAIL OPPORTUNITIES
45 MARGINAL WAY PORTLAND
17 FREE STREET PORTLAND
+ + + +
+ + + +
1,500 - 4,250 SF end-cap and freestanading retail units Visibility from I-295, Marginal Way and Forest Avenue Join Chipotle, T-Mobile and Orange Theory Fitness $35.00 - $45.00/SF NNN
200 SOUTHBOROUGH DRIVE SCARBOROUGH + + + +
1.13± AC outparcel 231’ Payne Road frontage 1/4 mile to the 1.2M SF Maine Mall, excellent access and visibility Land Lease @ $50,000/yr NNN or Sale Price @ $900,000
2,495± SF Old Port retail with patio Popular area, ideal for restaurant/cafe Highly visible and heavy foot traffic $4,000/month MG, includes heat
1041 BRIGHTON AVE PORTLAND + + + +
24,150± SF retail investment 94% leased Value-add opportunity $3,495,000
Powering Maine’s commercial real estate market since 1975 Joseph Porta, SIOR, Broker, Partner +1 207 553 1701 D +1 207 712 6390 C
[email protected]
One Canal Plaza, Suite 500 Portland, ME 04101 207.772.1333 www.boulos.com
Northern New England
10C February 3 - 9, 2017
New England Real Estate Journal
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For Sale
Northern New England
nerej.com
February 3 - 9, 2017 11C
29 Commerce Drive, Bedford, NH FOR SALE
29 Commerce Drive, Bedford, NH
$3,250,000
$3,250,000 Ideal Call Center Facility Ideal Call Currently a conference and meeting center. This facility features a 300+ car parking lot, a 30,000 SF high-tech building (expandable) on 4.7± acres. It is in Center Bedford’s Performance Zone. Originally constructed in 2001, added on to and renovated in 2007. Facility Granite Meadows Business Park
Lots for Sale or Build-To-Suit Currently a conference and meeting center. This facility features Exit 4, Off Route 101, Raymond, NH a 300+ car parking lot, a 30,000 SF high-tech building Norton Asset Management
Bill Norton, CRE Office - 603-625-9628
(expandable) on 4.7+ acres. It is in Bedford’s Performance Zone. Originally constructed in 2001, added on to and renovated in 2007. GRANITE MEADOWS BUSINESS PARK
Lots For Sale or Build-to-Suit Exit 4, Off Route 101, Raymond, NH W: HIGH BAY WAREHOUSE
OMMERCE CENTER – Management Norton Asset NEW: High Bay Warehouse TS FOR SALE / -BUILD-TOeCommerce Center IT Lots For Sale / Build-to-Suit
• • • • • • • •
Bill Norton, CRE Office - 603-625-9628 Proposed Proposed
• Approved lots • 10 acres to 39 acres • New Construction • 80,000 SF to 600,000 SF • 30’ to 40’ Clear Height • Town Water • Trailer Storage • Start Building in Spring of 2017!
APPROVED LOTS 10 ACRES TO 39 ACRES NEW CONSTRUCTION 80,000 SF TO 600,000 SF 30’ to 40’ CLEAR HEIGHT TOWN WATER Norton Asset Management TRAILER STORAGE START BUILDING IN SPRING OF 2017!
Mike Harrington Mobile - 603-785-8601 Office - 603-625-9628 www.harringtonandreeves.com
Northern New England
12C February 3 - 9, 2017
NOVEL IRON
WORK S, INC. FABRICATORS & ERECTORS
• Structural Steel • Steel JoiSt • Metal Deck • MiScellaneouS iron
250 ocean roaD, GreenlanD, nH 03840 PHone: (603) 436-7950, Fax: (603) 436-1403
Email:
[email protected] www.noveliron.com CERTIFIED
NE NY Tel: 781-878-4540
New England Real Estate Journal
Northern New England
nerej.com
February 3 - 9, 2017 13C
RESTA U RA NT / RETA IL SPA C E
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1, 2 0 0 - 2 , 40 0 SQ U A RE FEET • Across from Pheasant L ane M all • New electronic sig n to advertise your business • $ 2 2 PSF SU
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Northern New England
14C February 3 - 9, 2017
New England Real Estate Journal
Commercial Investment Board of Realtors 166 South River Rd., Bedford, NH 03110 603-647-0100
President Kathy DeMello
Berkshire Hathaway Verani
Northern New England Chapters Scott M. Emery MAI, CCIM
Bruce A. Taylor MAI
www.nhcibor.com
Lending a helping hand in our committees and task forces
As the New Hampshire Commercial Board of Realtors rolls into the new year, our board is busy with 79 Old Winthrop Road a number of challenging tasks not P.O. Box 979 uncommon to other professional Augusta, ME 04332 associations. These tasks include, Tel: 207-621-0600 but are not limited to, completing our latest strategic plan for the year, taking Fax: 207-621-0700 us into the future, guaranteeing our
[email protected] members have the most beneficial education and networking opportunities available, and that our committees and task forces are lead and staffed with knowledgeable professionals. More challenging and pertinent to NE NY Tel: 781-878-4540 REAL ESTATE JOURNAL commercial real estate professionals, are our ongoing discussions and task New Proof Proof Approved Changes forces addressing issues that directly Size: 2x4 Section: NNE affect the growth of the state and therefore, the business of commercial From: PSC real estate. These include the high cost Run Date: 10/03/14 of energy, not only in New England, Sales but New Hampshire. Specifically – Sa l es keeping companies from coming to Design and/or expanding in the area, best D esi g n practices in city and town planning, Installation and obstacles that face developers in In sta l l a ti o n the state that challenge them in moving forward on their projects. In sp ec ti o n s Inspections All of these efforts are being addressed by volunteer committees and 2 4 / 7 / 365 Ser v i c e 24 / 7 / 365 Service task forces. Volunteerism sounds like
Dirigo Partners, Ltd.
Allison Ropes
Executive Officer
P.O. BOX 5 Fairlee, VT 05045 Tel: 802-333-9619
crop 2”
PROOF
Sales Main Office 8 No Wentworth Ave Design NH 03053 ain Londonderry ffice 603-432-8221 8 No Wentworth Ave Installation f 603-434-3194 Londonderry NH 03053
More challenging and pertinent to commercial real estate professionals, are our ongoing discussions and task forces addressing issues that directly affect the growth of the state and therefore, the business of commercial real estate. These include the high cost of energy, not only in New England, but New Hampshire. Specifically – keeping companies from coming to and/or expanding in the area, best practices in city and town planning, and obstacles that face developers in the state that challenge them in moving forward on their projects. a big commitment, doesn’t it? Many of us volunteer in our communities, churches, charities, and children’s sports. Have you volunteered for a committee or task force in your professional association? I have found the rewards to be huge. I’ve had the opportunity to meet so many more professionals who are willing to share their time and knowledge than I would have, had I not raised my hand. I’ve developed a deeper respect for those same professionals and have learned from them. And I’ve been lucky enough to cultivate lifelong friends that understand my professional chal-
lenges and support each other in times of personal need. So what have you got to lose? What do you enjoy and are good at? Where can your association use those talents? It doesn’t have to be a year-long committee. Perhaps it’s a “one and done” task force or event. All of our committees and task forces could use some helping hands. If you are a member of NHCIBOR and would like to share your talent give me a call and I’ll point you in the right direction! Talk to you soon!
Kathy DeMello is the 2017 president of the NH CIBOR, Bedford, N.H.
Inspections 603-432-8221 Ti n k h a m Rea l ty , In c Service Department f 603-434-3194 60 3-432 -7769 55 Harvey Road 24 / 7 / 365 Service Ex p l o r e o u r w eb si te to see a l l o u r l i sti n g s Londonderry NH 03053 ervice epartMain ent Office w w w .tinkh amrealty .com 603-432-8221 No Wentworth 558Harvey Road Ave f 603-434-8128 Londonderry NH 03053 So u th er n New H a m p sh i r e C o m m er c i a l Londonderry NH 03053 603-432-8221 603-432-8221 D ev el o p m en t Op p o r tu n i ty D ev el o p m en t Si te f 603-434-3194 Upper Valley Office f 603-434-8128 104 Etna Road Service Department 3 . 4 9 Acre parcel of undeveloped land on Fol1 . 3 acres with town water and curb cut on Lebanon NH 03766 55 Harvey pper alley ffice Road som Rd. , Derry NH 2 miles to ex it 4 , I - 9 3 . 3 Route 1 0 2 . G reat ex posure within 1 . 1 miles 603-448-5461 Londonderry NH 03053 104 Etna603-432-8221 Road f 603-448-7334 phase power, water & sewer at street with from ex it 4 , I - 9 3 . 2 2 6 ft of road frontag e. L oLebanon NH 03766 conceptual plans for up to a 2 8 ,8 0 0 s/f of cated in a well- established commercial area. f 603-434-8128 603-448-5461Monadnock buildingOffice s. This property is wedg ed between on e ual lans on file for ban , re ail, and Upper Valley Office f 603-448-7334 industrial warehouse properties along the offi e building Lo n d o n d er r y NH - $ 32 5, 0 0 0 227Etna OldRoad Homestead Hwy 104 north, commercial properties to the east, and Lebanon NH 03766 Swanzey NH 03446 onadnock603-448-5461 ffice a residential neig hborhood to the south and A n ti q u e C o l o n i a l 603-358-6736 f 603-448-7334 227 Old Homestead Hwy f 603-358-6832 west. There is a 5 0 ft wide strip of land that ome Office Building Swanzey NH 03446 Monadnock Office connects the parcel to Folsom Rd. The to227 603-358-6736 Old Homestead Hwy pog raphy of the land is rolling with dense unBuilt in 1 8 0 0 this building has lots of characwww.hampshirefire.com f 603-358-6832 Swanzey NH 03446 derbrush, small trees and no know wetlands. 603-358-6736 A phase I site assessment was done in J une ter and charm. H as new windows and roof, f 603-358-6832 updated heating /hot water system, 4 working 2 0 1 4 revealing no evidence of recog nized enfire la es, ide ine floors, o e doors, in vironmental conditions in connection with the www.hampshirefire.com www.hampshirefire.com g round pool, barn and g azebo. H ig hly visible property. Z oned G C which allows for many location on the corner of M ammoth Rd. and permitted uses such as auto repair, bank, hoi field d i good raffi oun s nl el, re rea ional fa ili , lig indus rial, offi e, 3 miles to ex it 5 , I - 9 3 and close to the airport. and more. C an be used for self- storag e with a Lo n d o n d er r y NH - $ 440 , 0 0 0 conditional use permit. D er r y NH - $ 49 5, 0 0 0
Northern New England
nerej.com
February 3 - 9, 2017 15C
NH Commercial Investment Board of Realtors Sponsors Bergeron Commercial Appraisal
Portsmouth
Consultants in Real Estate Valuation
CB Richard Ellis – N.E. Partners, LP, a CBRE Joint Venture
Stephen J. Bergeron, MAI 487 State Street Portsmouth, NH 03801
(603) 436-3009 Fax: (603) 436-7339
www.bergeronappraisal.com
[email protected]
INC
DANAIS REALTY GROUP
Kent White Christian Stallkamp
Michael Tamposi • Roger Dieker • Chris Healey
14 Manchester Square, Suite 235 Portsmouth, NH 03801 T 603-427-1333 • F 603-422-0705
2 Wall Street Manchester, NH 03101 T 603-626-0036 • F 603-626-0249
www.cbre.com/portsmouth
www.cbre.com/manchester
GoodnowReal Estate Services
Commercial • Development • Management
BRUCE MICHAEL WATERS Senior Commercial Broker, CCIM E-mail:
[email protected]
Real Estate Consulting • Investment • Brokerage • Management • Development Advisory Services •
Richard Danais, CCIM
Christopher B. Goodnow Principal
Seller/Landlord Representation Seller/Landlord Representation Buyer/Tenant Representation Buyer/Tenant Representation · Seller/Landlord Representation Seller/Landlord Representation Investment Investment Business Brokerage · Buyer/Tenant Representation Buyer/Tenant Representation Business Brokerage Consulting Investment Consulting · Investment Brokerage Development Development Business · Business Brokerage Consulting · Consulting 116 South River Road | Bedford | NH 03110 | 603.668.7000 116 South River Road | Bedford | NH 03110 | 603.668.7000 Development · Development Chris Norwood 100Street Market Street Suite 200 | Portsmouth | NH 03801 | 603.431.3001 100 Market Suite 200 | Portsmouth | NH 03801 | 603.431.3001
P.O. Box 5419 93 So. Main St. West Lebanon, NH 03784
PO Box 2389, Salem, NH 03079 Phone: (603) 893-5000 Fax: (603) 894-9840 E-Mail:
[email protected]
Office: (603) 298-8904 Home: (603) 643-1336 FAX: (603) 298-7546
NY Tel: 781-878-4540 PROOF NE REAL ESTATE JOURNAL
Tom Duffy
Changes
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Section: NNE
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740 Chestnut St. Tel: 603-644-4600 Manchester, NH 03104 Fax: 603-626-0046
[email protected]
5 Tech Circle Amherst, NH 03031
Tel: (603) 673-3200 Fax: (603) 673-1020
Run Date: 08/22/14
116 South River Road | Bedford | NH 03110 | 603.668.7000
116 South River Road | Bedfordto| New NH 03110 | 603.668.7000 www.nainorwoodgroup.com | Committed Hampshire, Connected to the World
Bill Jean
www.nainorwoodgroup.com | Committed to New Hampshire, Connected to the World 100 Market28Street Suite 200 | NH| 03801 | 603.431.3001 Deer Street Suite| Portsmouth 301 | Portsmouth NH 03801 | 603.431.3001
www.nainorwoodgroup.com www.nainorwoodgroup.com | Committed to New Hampshire, Connected to the World Committed to New Hampshire, Connected to the World
Email:
[email protected] www.fulcrum-nh.com
Space Available Marie J. Bodi, COS Property Manager New Business Development
Serving all of New Hampshire Commercial, Industrial, Investments, Office, Warehouse, Retail, Sales/Lease Rte. 102, Londonderry, NH 03053
(603) 432-7769 • (F) (603) 434-1545 Judy Tinkham
Visit our Web Site @ Tinkhamrealty.com Email:
[email protected]
2013 NHCIBOR Realtor® of the Year Trusted. Seasoned. Leaders. 11 Court Street, Exeter, NH 03833
p. 603.778.6300 f. 603.778.6331
www.cpmanagement.com
[email protected]
If you are interested in listing your company on this pageplease contact Patty Stone Colman, x251 New England Real Estate Journal PO Box 55, Accord, MA 02018 800-654-4993 • 781-878-4540 email:
[email protected] www.nerej.com
Space Available
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NY Tel: 781-878-4540 PROOF NE REAL ESTATE JOURNAL If you are interested in listing your company New Proof Proof Approved Changes on this page please contact Size: Bus. Card Section: NNE CIBOR BC
Patty Stone Colman, x251 New England Real Estate Journal, P.O. Box 55, Accord, MA 02018 800-654-4993 • 781-878-4540,
[email protected] www.nerej.com
Networking to over 25,000 Prospects every Month
Northern New England
16C February 3 - 9, 2017
New England Real Estate Journal
2017
Northern New England
Office & Industrial Summit
February 23, 2017 The Event Center at The Courtyard by Marriott Nashua, New Hampshire
8:00am-9:00am
10:00am-11:00am
Breakfast Buffet and Networking
Opportunities and challenges in industrial market
9:00am-10:00am
11:00am-12:00noon
Evaluation of the office market and what tenants require today
Sponsorship and Speaking Opportunities Available. Register today for Early Bird rate $89, at the Door $129
Corporate Sponsors
Networking with speakers
Speakers Pasquale Napolitano Hydro International Chuck Sink ChuckSinkLink Robert Duval TF Moran John Sokul Hinckley Allen
Kurt Penney Industrial Roofing Companies Chris Norwood NAI Norwood Group Jason Settineri Build-It Construction Ronald Fredette KW Commercial/ CEPNE
Contact Rick Kaplan, 800-654-4993, ext. 247,
[email protected] Register at www.nneofficeindustrial.eventbrite.com
Northern New England
nerej.com
M ILL DISTRICT - early 19 00’s Brick 3 story. 13,9 00 sq. ft. bldg. plus separate commercial bldg. Ready for complete rehab. $ 26 9,900
COMMERCIAL 3.55 acres. 25,000 car count, near Walmart, 3 month to month tenants. Land lease or sale. $ 6 7 5 ,000.
February 3 - 9, 2017 17C
INVESTORS TAK E NOTICE on this bank owned 8-unit apt. building with good upside. $ 16 9,900
L SO
INDUSTRIAL BUILDING circa 2005 with 5,040 sq. ft., plus 12x84 covered storage, 18’ ceiling height, over 1.2M . yards gravel deposits, 13.5 acres, excellent condition. $ 37 5 ,000
COM M ERCIAL LAND 1.9 acres, 300’ frontage, 20K car count, level site. Near M arket Basket, Burger K ing & Runnings. $ 5 95 ,000
PE
IN ND
D
WALMART ENTRANCE High traffic - 5500 sq. ft. / building zoned commercial. New membrane roof. $ 219,5 00
G
COM M ERCIAL BUILDING W/3000 sq. ft. ground floor commercial space plus 11 rental units. NOI over $60,000. Owner will finance at 0.1%. Poor health forces sale. $ 399,900
7 APARTM ENTS plus laundromat. Shows over $ 62,000 NOI. Includes real estate and equipment. $ 37 9,900
OFFICE & RETAIL M IX with 49 ,000 sq. ft. M any new upgrades. 200K of FF & E available. Over 10% cap w/ good upside. $ 1,185 ,000
RETAIL OR OFFICE. 19 00 sq. ft. Excellent parking and high visibility. Directly across from McDonalds. Modified gross rent; $ 1,000/ month .
COM M ERCIALLY Z ONED 1.17 acres w/242’ road frontage across from market Basket & Runnings. Includes profitable restaurant & laundromat. $ 4 4 9,000
SOCIAL CLUB FACILITY - seating for 240 in main hall - 170 in lower hall and 40 in bar. Full kitchen, elevator, sprinkler. $ 4 00,000
SERVING VERMONT & NEW HAMPSHIRE WITH A TOP SELECTION OF RESIDENTIAL & COMMERCIAL PROPERTIES
Don Chabot, Principal Broker CRB, GRI, ABR
1-800-542-5188
email:
[email protected] website: www.townandcountryrealty.com
NE NY Tel: 781-878-4540
Back Page C February 3 - 9, 2017
Northern New England
New England Real Estate Journal
NH & ME Real Estate 30,000 ± SF Industrial Facility For Sale - Newmarket, NH $2,100,000
T H E
K A N E
BROKERAGE
•
C O M P A N Y,
MANAGEMENT
•
I N C .
DEVELOPMENT
603-430-4000
Investment Opportunity
Up to 3,000 SF of Office Space For Lease
Beane Farm Business Park Newington, NH-$16.00 PSF NNN
Call Jean Kane For Details – (603) 430-4000
Prime First Floor Office/Condo Portsmouth-1,071 SF For Lease $16.00 PSF NNN
Two Historic Condominiums w/ Views! Downtown Portsmouth $395,000.00
20,480 SF For Sale or Lease
Manchester, NH (Exit 4) $1,200,000.00 or $10.00/SF NNN
Invest and Expand
4.03 COMMERCIAL ACRES, ROUTE 236 Two Leased Buildings & 2+ Acres $925,000.00 - ELIOT, ME
Classified
Featuring
AUCTIONS
New England Real Estate Journal
Section D
CAPE COD Centerville René L. Poyant, Inc. GEREAL ESTATE MANA MENT
• 8 4 - 1 4 4 Seats
• Next to Burling ton M all
REAL ESTATE MANAGEMENT Post Office Square, 20F Camp Opechee Road
Centerville, MA 02632 Tel: 508-775-0079 Fax: 508-778-5688
[email protected]
CONDO DOCS
• 1 0 0 %
L ocation Exclusive agent
February 3 - February 9, 2017
North Andover, MA Flex Building
B U RLING TON, M A RESTA U RA NT SITES
• 4 ,6 0 0 SF to 1 0 ,0 0 0 SF
René L. Poyant, Inc.
Million$ of Offering$ Sale Lease Wanted
• • • • •
NOW FOR LEASE FRAMINGHAM
Attractive 30,600 SF Facility Just off Route 125
3, Open Office 16,590 Warehouse/Light Manufacturing Excellent Condition Full HVAC/Generator • Wooded Setting Easy access I-495, Exits 45/48
REDUCED
FOR LEASE 14,000 S.F. MAGNIFICENT BLDG ! CAN BE CORPORATE OFFICE HEADQUARTERS, MUSEUM, ART GALLERY, SCHOOL ETC. HC ACCESSIBLE. 50+ PARKING SPACES. WALK TO TRAIN STATION. ASKING $10/S.F. + CAN BE LEASED WITH ABUTTING 11K S.F. BLDG. FORMER BANK BLDGS.
SALE: $2,495,000/LEASE: $7.95 NNN Call Steve DeSisto
Roy C. Papalia, Jr. (617) 484-7474
c el l : (617) 30 6-779 7 r o y p a p a lia @ y a h o o .c o m
WEY M OU TH RTE. 18
M ed i c a l / Pr o f essi o n a l B u i l d i n g FOR LEA SE
40 Ken o z a A v en u e • H a v er h i l l , M A Office: ( 78) 373-38 7 ell: ( 78) 852-555 em a i l : sd esi sto @ c o l d w el l b a n k er . c o m
WWW.MarleneAron.com ~ M WC RE MARLENE ARON - 508-740-0000 cell
FAX # TRANSMITTAL of pages:
1
ALL To: MarcCASH Co: PURCHASES Fax: • Sto617-964-9884 r eB lo c k s
• 69 6 M a i n Str eet (Ro u te 18), Wey m o u th • Formerly E ye H ealth C are C enter • Near South Shore H ospital & Route 3 • C an accommodate tenants from 2 ,0 0 0 SF to 9 ,0 0 0 SF • 2 . 3 acres, ample parking ig raffi , grea isibili
i
MSH ARCHITECTURE ASSOCIATES (617) 964-9812 www.condodocuments.com
OFFICE CONDO FOR SALE 71 Ro u te 10 1A , U n i t 13 Wi n d m er e Pl a z a A m h er st, N. H .
USER / OWNER OPPORTUNITY
Property: Avail SF: Layout:
Unit 13, 71 Rt 101A Amherst, N.H. 03031 1,250 ± SF Flexible, single-story End unit
NEW REDUCED PRICE: $99,900
VEAR COMMERCIAL PROPERTIES, INC.
60 3-882 -60 0 0
w w w . v ea r . b i z
Dave Ellis 617-640-7581
[email protected]
Conway Commercial 137 Washington St., Norwell, MA 02061
www.jackconwaycommercial.com
Construction Earth Technologies LLC. Site Contractors
Construction Earth Technologies, LLC, has practiced general building construction and heavy civil contracting since its formation in 19 89 . We are currently looking for road or site construction projects. We have the ability to joint venture projects with owners or developers taking an equity position. • Demolition and selective demolition • Road Construction • Site work and grading • Paving • Water, sewer and drainage • Packages specifically tailored for developers and owners to work within each project’s financing constraints
4 3 Nash u a Road , Pepperell, MA 014 6 3 Ph one: 97 8-4 33-27 80 • Fax : 97 8-4 33-9214 p.v entu ra@romanproperty inc.com
• Sh o p p i n g C en ter s • Net Lea sedKaren Pr o p er ti es To: From:
❏
Quick Co. NE Real Response Estate Journal to# Submissions 781-878-4540 Phone Fax # 781-871-1853 B y Pr i n c i p a l s
❏ Proof Fine Jordan L. Rittenberg & Co. ❏2 Make Changes 5 B o u n d B r o o k Rd . Brokers W elcome
New to n , M a ss. 0 2 461
(617) 964-3765 FOR SALE 225-227 Lowell Road Hudson, NH
FOR LEA SE A U B U RN, M A
OFFIC E / WA REH OU SE
O F F I C E SP AC E 1 0 ,0 0 0 , 5 ,0 0 0 , 2 ,5 0 0 & 1 ,5 0 0 sf W
SP AC E 5 ,0 0 0 sf, 1 0 ,0 0 0 sf 1 5 ,0 0 0 sf, 2 0 ,0 0 0 sf 3 5 ,0 0 0 sf & 5 0 ,0 0 0 sf AR E H O U SE
on enien a ess o , , 4 9 5 , M ass Pike & Rtes. 2 0 & 1 4 6
C a ll
9 78-365-4585
A U B U RN IND U STRIA L D EV . C ORP. w w w .a id c .c o m
,
• • • •
ASKING PRICE: $3.6M
Prime retail development site Signalized intersection (35,000 ADT) Located at Exit 2 off Everett Turnpike Also accessible by D.W. Highway
603-880-6655 www.prolmanrealty.com
2D February 3 - February 9, 2017
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Business / Investment For Sale
Restaurants Stores Nursing Homes
Motels Apartments Farms
Cell: (603) 731-5000 Office: (603) 225-3200
[email protected]
CONCORD, NH 4,400 SF Retail/ Industrial building
Lease Wanted Businesses Condos Land
Land For Sale Southern NH
Commercial Land serviced by municipal water and sewer and natural gas. Engineering complete, just waiting for your final plan set. Zoning allows many uses: retail manufacturing, light industrial, office and more. Great visibility on Route 28 in Derry. ONLY $1,799,000
Unique OCTAGON Property
603.434.9700
HIGH POINT VILLAGE NORWICH, CT
2.9 Acres, Bedford, with approvals
5.5 Acres
• Showroom and ample parking • Includes 2,800 SF high bay area with 12' clear span and 2 drive-in overhead doors • 1,500+ SF office/display area • Please call or email for address & more information • $440,000
Shopping Centers Hotels Mobile Parks
This site has PB approval for a 9,217 sf office building. It is between Commerce Park No. and Commerce Dr. Serviced by Mun. Water and natural gas, the on-site septic and driveway permits are in-hand; geotec report available. Performance zone allows retail, prof. office, medical-dental clinics, R&D, churches, schools, ,membership clubs, prof. services, general service/repair, restaurant incl. fast food, funeral home, hotel/motel, auto and vehicle repair, wholesaling, rent and service of tools/equipment, and more.
Only $449,000
Million Dollar Views, Drawings Complete Convenient to fast growing Electric Boat, Foxwoods and Mohegan Sun!
REDUCED to $1,950,000 .... $6,650 per Unit Land Cost!
Best Brokers 860-443-2003
email:
[email protected]
DEVELOPMENT OPPORTUNITY SALEM, MA
342 HIGHLAND AVENUE
481 Hanover Street Manchester, NH • Three story, 9,678± SF (Gross Area) building with over 5,000 SF of completed space • Land: .277± acres, paved parking lot with 6 spaces (with room for 8 cars) • 3 rented apartments and one office unit • Unfinished space includes two partially completed apartments, in the octagonal “carriage house” and on the 3rd floor, which boasts amazing views of the city.
SOLD
Full service real estate and business brokerage firm providing services throughout New Hampshire
Corner Lot, 1+ acre Vacant Land. Site Zoned B-2. Very busy Rte.107 Location PRICE: $825,000
600 Loring Avenue, Salem, MA • (978) 741-3696 •
[email protected] • www.drumlingroup.com Property information was received from the owner’s and relevant sources. he rumlin roup, nc. cannot guarantee the validity of such information, therefore verification of data prior to any real estate transaction is highly recommended. (
)
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Property of the Week DRAGON GROUP OFFERS FOR LEASE FORMER LOWELL BANK BUILDING AT 336 CENTRAL ST.
SITE
• • • • • • • • •
5,000 sf first floor that can be sub-divided or expanded and 5,000 sf finished lower level Drive-thru window service capability 45 designated parking spaces and additional 150 spaces available On major gateway road to downtown Lowell Downtown corner location at signalized 4-way intersection Less than 700 yards from $200 million dollar new County Court complex Walking distance from two colleges (30,000 students) Abuts 93,000 sf urban shopping center also owned by Landlord Join Rite-Aid, Auto-Zone, Pizza Hut, Subway, Rent-A-Center and others James C. Dragon, Managing Partner, Central Plaza Realty LLC New England Urban Shopping Center Owner/Developer P.O. Box 8598 • Lowell, Ma 01853 Tel: 978/640-5866 • Fax: 978/640-5899 Jim - Cell: 978/407-5762
[email protected]
February 3 - February 9, 2017 3D
4D February 3 - February 9, 2017
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Office / Retail Office Space Office Space Retail Space Retail Space
FOR LEASE OFFICE SPACE TAUNTON, MA
“Downtown Location”
For Sale
Lease Wanted Condos Condos R&D R&D
RESTA U RA NT / RETA IL SPA C E SO. NA SH U A , NH E FRE TH S
ON 2 M
❏ Heat & Electric Included Lease Rate: Starting at $250 per month
508-400-2715 email:
[email protected]
• Across from Pheasant L ane M all • New electronic sig n to advertise your business • $ 2 2 / PSF
SQ U A RE FEET B ROKERS EA RN 150 % C OM M ISSION
SU N PLA Z A , 2 9 5 D . W. H IG H WA Y
sf. Office, ware
175 Ferry Rd. sf clear height office 183 Ferry Rd. clear
,3
doc , sf
233 Neck Rd. 3, sf, doc s, drive in doors, subdividable
10 Avco Rd. - ,
sf office space
METHUEN PROPERTIES 126 Merrimack St. , sf su divida le, power, office. oad ing & drive in doors. .
Scott Companies 978-374-0034 scott-companies.net
Contact:
SC
978.479.1669
Price Reduced
68 North Main St., Carver, MA The space is located in a 14,000 SF retail plaza at 1120 Main St. (Rt. 38) Tewksbury. The property was built in 2005 and has 370 ft. of frontage on busy Rt. 38. It is nicely landscaped and has an abundance of parking. Very strong demographics and high traffic count make this location very desirable. The anchor tenants are: Enterprise Bank and high volume Crystal Convenient Store. Many national and regional tenants, like Home Depot, Market Basket, Papa Ginos, Staples, TD Bank, Bank of America, Super Wal-Mart center, Dunkin Donuts, etc are located in a very close proximity, along Rt. 38.
RENAISSANCE REAL ESTATE CO.
Phone:
(781) 334-2476 • email:
[email protected]
• 2.15 Acres • Business Zoned • 14,800 Gross Sq. Ft. • 12,800 Net Leasable Sq. Ft.
Sale Price: $800,000 New England Realty 617.510.6249 WOBURN, MA FOR LEASE - FIRST CLASS OFFICE
FOR SA LE
loading clear
, sf ware doc , drive in,
Please call Kathy Alimenti if interested in viewing suite
OFFICE BUILDING For Sale / Lease
doc s,
34 Shelley Rd. house w office, clear
More Space Available, Shown on Request
Tewksbury, MA 2,500 SF of Retail/Office Space
49 S. Hunt Rd., Amesbury, MA 18,400 sf, subdividable to 8,800, office, loading doc s & drive in doors. .
34 Rogers Rd. house, doc , drive in
$1,900/month for full multi-year lease
[email protected]
MASSACHUSETTS
11 Rogers Rd. , sf w office, loading & drive in doors. clear height.
❏ Newly refurbished first floor suite ❏ 1,400 square feet ❏ Features 4 private offices with large conference room and separate reception area, as well as, in-suite bathroom and kitchenette
RONEX CORP. 781-489-6282 Ext. 11 •Email:
[email protected]
CURRENT AVAILABLE PROPERTIES
HAVERHILL - PROPERTIES FOR LEASE 6.00 PSF NNN
OFFICE SUITE FOR LEASE 59 Stiles Rd., Salem, NH
1, 2 0 0 2 , 40 0
❏ 120-7,500 SF (subdividable) ❏ Near Courthouses
Warehouses Warehouses Sites Sites
2,636 SQUARE FEET
VISA®
MasterCard
AMERICAN EXPRESS
D o u b l e Sp a c e (5" x 3-5/ 8" ) Pl ea ❏ (4 Fr i d a y s) $ 480 Pa y i n a d Pr ep a y — ❏ (4 Fr i d a y s ) $ 40 0
se b i l l m e — ❏ (2 v a n c e - SA C h ec k / C h a — ❏ (2
BELOW MARKET RATE
Fr i d a y s) $ 2 80 V E rg e Fr i d a y s) $ 2 40
C a l l Ka r en D o w el l (781) 878-4540 x 2 54 • FA X (781) 871-1853 o r em a i l : k d o w el l @ n er ej . c o m • w eb si te: w w w . n er ej . c o m
CO-BROKER FEE: $1.50/SF/YEAR • Pond View; Free, Covered Parking • Direct access from I-95/Route 128 • Flexible Floor Plan
781-229-2233
www.wronkaltd.com
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Office / Retail For Sale
Office Space Office Space Retail Space Retail Space
Lease Wanted Condos
Warehouses Warehouses Sites Sites
Condos R&D R&D
ACTIVELY ACQUIRING Urban & Suburban
M a j o r 45 U n i t Fr a n c h i see Ex p a n d i n g i n New
En g l a n d
MASS
E astern M ass - from Boston North and W est to Rte. 4 9 5 , from Boston South including all of C ape C od
NH
E ntire State
M A INE
From NH
LA ND SIZ E: B U ILD ING SIZ E: D EA L TY PE:
linearretail.com
line to M id- State
M inimum 3 /4 acre buildable 2 ,6 0 0 s. f. to 3 ,5 0 0 s. f. - 4 0 - 8 0 seats with drive- thru Purchase or G round L ease
Ex c l u si v e Fr a n c h i see B r o k er : M a r k Sh a i r M & J A sso c i a tes, In c . - Tel : 617-630 -49 88 Em a i l : m sh a i r 12 3@ m sn . c o m
Territory: Eastern MA, Southern NH and RI
Property Types: Strip shopping centers,
Size: 5,000 SF-125,000 SF (or smaller for urban properties)
urban retail, retail condominiums, storefronts,
Price Range: $2M-$50M (typical)
banks and restaurants
Aubrey Cannuscio Partner - Acquisitions |
[email protected] | 781.202.3545 Rick Rostoff VP - Acquisitions |
[email protected] | 781.202.3542
FOR SALE
FOR SA LE
S
c es ice
ac es ac es
incl des oin
s
S
D o u b l e Sp a c e (2 -3/ 8" x 7-5/ 8" )
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1.3 acres prime cleared site, ideal franchise location, retail, commercial highway, gas, etc., 2 curb cuts, signalized 4 way
S Restaurant fronting on Rte. 125, waterfront and fully equipped, commercial highway opportunity. s
t S o oo e ont
a e o se
Arthur R. Bonin A R Bonin Companies, LLC
onin ealestate co o
a
retail development parcels, freestanding retail,
stead
o fice
ock
Please bill me ❏ (4 Fridays) $ 4 8 0 — ❏ (2 Fridays) $ 2 8 0 Pay in advance - SAV E
Prepay — C heck/C harg e ❏ (4 Fridays ) $ 4 0 0 — ❏ (2 Fridays) $ 2 4 0
C a l l Ka r en D o w el l (781) 878-4540 x 2 54 FA X (781) 871-1853 o r
cell
em a i l : k d o w el l @ n er ej . c o m w eb si te: w w w . n er ej . c o m
6D February 3 - February 9, 2017
New England Real Estate Journal
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Personnel Wanted Condos R&D
Office Space Retail Space
BOSTON, MA – ADMINISTRATIVE ASSISTANT
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Let the New England Real Estate Journal help you find an experienced professional to expand & compliment your successful business. Receive Over 40,000 Newspaper and Website Views with our Help Wanted or Seeking Employment Ad. Fill that position with one of the readers from the Journal, the largest commercial real estate publication in the world. Find your match among the very best! New & seasoned professionals. POSITION AVAILABLE NOW
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Karen Dowell x254 781-878-4540 • Fax 781-871-1853 NEREJ • P.O.B. 55 • ACCORD, MA 02018 New England Real Estate Journal is published every Friday You may change copy during scheduled run
DESCRIPTION: Leading Boston brokerage firm looking for a motivated candidate with an interest in working in the commercial real estate industry. This position requires a talent for interacting easily with clients, both in person and over the phone. Honesty, integrity and a commitment to professionalism are a must. RESPONSIBILITIES INCLUDE: • Performing high-level, administrative work, including frequent complex and confidential clerical work organizing, scheduling, coordinating, researching, and analyzing information. • Directing the company’s social media. • Assisting in the daily business of Broker’s, which includes general office work, answering phones, greeting guests, word processing, and distributing mail. • Preparing marketing materials and client specific presentations. • Researching, preparing and editing reports and presentations. • Directing services, such as maintenance, repair, and IT needs. • Scheduling meetings/conference calls and appointments. Making travel arrangements, as needed. • Other duties as assigned. DESIRED SKILLS & EXPERIENCE: • Ability to multi-task in a fast paced environment. • Highly organized and project oriented. • Excellent writing and verbal communication skills. • Strong experience with the Microsoft Office Suite (Word, Excel, Power Point and Outlook) and ability to navigate the internet for research projects. • Aptitude to quickly learn new skills. Please send resumes to: HR DEPARTMENT P.O. Box 990403 • Boston, MA 02199 BOSTON, MA – BROKER / SALESPERSON DESCRIPTION: Leading Boston brokerage firm is seeking two experienced brokers to join its retail leasing team. Candidate will have the ability to walk into a built in book of business. RESPONSIBILITIES: • Identify, qualify and secure expanding retail clients through canvassing, cold calling and networking. • Perform strategic planning, market analysis, site identification, site analysis, lease negotiation and transaction management. • Maintain and update prospect/deal activity regularly. • Conduct market research. • Maintain consistent, professional verbal and written client communication. • Oversee the creation and updating of market materials through coordination with internal marketing department. • Participation in various ICSC conferences and regional trade events. • Perform all other duties assigned. QUALIFICATIONS: • 2+ years commercial retail brokerage experience preferred. • Massachusetts Real Estate License required. • Must be self motivated, sales driven, and able to thrive in a dynamic, commission based, entrepreneurial business. • Must be professional with excellent communication, interpersonal and follow–up skills. • Ability to travel and work evenings and weekends as needed. • Demonstrate organizational, analytical and technical skills. • Ability to multitask in a fast paced environment. • Results oriented with the highest level of personal and professional integrity. Please send resumes to: HR DEPARTMENT P.O. Box 990403 • Boston, MA 02199 BOSTON, MA – PROPERTY MANAGER OVERVIEW: Leading Boston brokerage firm seeking a Property Manager. Responsibilities include management, operations, maintenance, tenant coordination, client and tenant relations, annual budgeting, risk management and financial reporting. RESPONSIBILITIES INCLUDE: • Involved in all aspects of day-to-day operations of properties, including management of accounting, tenant relations, maintenance, repair, security, janitorial services, landscaping, snow removal, etc. • Handling tenant complaints and service requests, and must be familiar with the terms of tenant leases. • Assists in the preparation of the annual budget, reporting and financial performance of the property. DESIRED SKILLS & EXPERIENCE: • 2+ years experience preferred. • Excellent verbal and written communications skills. • Demonstrate leadership and professionalism. • Ability to problem solve and provide actionable and positive feedback. • Ability to work independently and within a team environment. • Flexible and able to work in fast-paced environment. • Equity participation possible for appropriate candidate. Please send resumes to: HR DEPARTMENT P.O. Box 990403 • Boston, MA 02199
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BUSINESS & INVESTMENT / COMMERCIAL & RETAIL MIXED USE & OFFICE Rochester, NH - Rte. 125
East Kingston, NH - Rtes. 107 & 108
AS
Price Improved $399,000!
/G EW
TOR S C
Major Convenience Store Complex w/8 Gas & Diesel Pumps on 4+ Acres. Currently leased (NNN) through May 2017. Sale includes 4.4 acre land lot and 3 buildings consisting of fully equipped convenience store with gas pumps and w/potential for drive-thru ($695,000 - if sold separately), a leased 3 bay automotive garage fully equipped with 2ND floor ($275,000 - if sold separately), and a separate residential home with large 2 bay garage for service business/offices with new solar panels ($325,000if sold separately). Zoned Mixed Commercial & Residential. Two buildings have city water & septic, house has separate well & septic. All built/remodeled/inspected from 2006 to 2016 including underground double lined tanks, underground utilities, central A/C & FHA - LP gas heat. Sold as a package ($1,200,000) or sold separately. Owner will subdivide. For details contact: Fred Attalla @ 603-812-0183
“Carmen’s Restaurant Plus Home & Barn in East Kingston, NH - 2 free-standing condominium buildings! Carmen’s comes with fully equipped operating restaurant business located on 2 acre corner lot with plenty of parking! The first floor restaurant consists of nearly 2,300 SF with direct access to the basement consisting of 2,160 SF and equipped with refrigerated cooler & freezer and a 2ND story open storage area of 2,160 SF with separate exterior access for potential living space, offices or apartment. The adjacent gutted home & barn has the potential to be converted to apartments or single family residence. For Sale - Land/Buildings & Business - total package - $399,000! For details contact: Fred Attalla @ 603-812-0183
Rte. 1 - Lafayette Rd. - Hampton, NH Four Unit, 2 Bedroom - Mixed Use Building - With front and side parking lots. The building consists of the former Hutchinson Candies, wholesale manufacturers & distributors with a commercial kitchen area & a hair salon (leased) on the 1ST floor, both with separate entrances & baths and the 2ND floor consists of a 4 room, two bedroom apartment (leased) and 900 SF office space, both with separate entries and baths. The existing 1ST floor commercial kitchen with high ceilings (formerly a 2 car garage) could be perfect for a mini brewery! Excellent visibility and signage. Good opportunity for an investor or user, especially for catering, retail store or commercial office space. Potential for condo conversion for up to 5 units! Great location with Rte. 1 traffic count. Price improved!: $695,000. For details contact: Fred Attalla @ 603-770-4079 or 603-812-0183
Rte. 4 & Merry Hill Rd. - Nottingham, NH
34 Acre Parcel on Rte. 4 with over 1,000 feet of frontage with access from Rte. 4 and Merry Hill Rd. 4.6 miles West from the Lee Traffic Circle. This mixed use parcel has potential for commercial & residential uses including possible joint venture with abutting 30+ acres. Also available is th owner’s abutting 2 acre corner lot with Colonial Home and 2+ story finished barn plus 2ND floor apartment with potential to expand to 6-8 apartment or condo units. [Formerly - Merry Hill Antiques]. Owner may consider participation with developer/builder. Price for the 2 acre corner lot with House & Barn - $525,000. The 34 acre parcel sold separately for $295,000. Excellent Development & Mixed Use Potential! For details contact: Fred Attalla @ 603-770-4079 or 603-812-0183.
Merry Hill Farm - Former Antiques Shop & once the site of the Furber-Dame Tavern is located on the corner of Rte 4 & Merry Hill Rd in Nottingham- 4.6 miles West from the Lee Traffic Circle. This Historic Colonial Home - Circa 1721 and Finished 2+ Story Post & Beam Barn with Apartment - Circa -1726 & Rebuilt in 1987 - is available for Commercial & Residential Uses with potential to expand to 6-8 apartment units or B & B / Restaurant! Currently, assessed for over $500,000 this 2 acre parcel with buildings is priced at just $525,000 and includes rental income of $4700 per month through May, 2017 with option to renew. Also available is the owner’s abutting 34 acre land parcel for sale for $295,000 with 2 entrances from Rte 4 & Merry Hill Rd. Seller participation and/or joint venture considered. Excellent Opportunity for Re-Development! For details contact: Fred Attalla @ 603-770-4079 or 603-812-0183.
Website: www.MerryHillFarmcanByours.com
Points East Yankee Trader “Independently Owned & Operated”
Contact: Fred Attalla Points East Commercial 400 The Hill, Portsmouth, NH 603-430-1003 * 603-770-4079 www.pointsne.com
AVAILABLE NOW! 4 8 S W O R D S T R E E T, A U B U R N , M A 4 84 8S WS WORO DR DS TSRT ERE T,E T,A UA BU UB RU NR N, ,MMA A AVAILABLE NOW! AVAILABLE NOW! 10,000 SQ. FT. PRIME OFFICE SPACE
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10,000 SQ. FT. PRIME OFFICE SPACE 10,000 SQ. FT. PRIME OFFICE SPACE 10,000 SQ. FT. PRIME OFFICE SPACE 4 8 S W O R D S T R E E T, AUBUR N , M A AVAILABLE NOW! 5,000-10,000 SQ. FT. PRIME OFFICE SPACE
FIRST FLOOR OF MODERN, TWO-STORY BUILDING FIRST FLOOR OF MODERN, TWO-STORY BUILDING
Conveniently located Near Rte. 146, I-290, I-190, I-395, I-495 FIRST OF MODERN, TWO-STORY BUILDING FIRSTandFLOOR FLOOR OF MODERN, TWO-STORY BUILDING Conveniently located Near Rte. 146, I-290, I-190, I-395, I-495 the Mass. Turnpike
Conveniently Near Conveniently located NearRte. Rte.146, 146,I-290, I-290,I-190, I-190,I-395, I-395,I-495 I-495 and the Mass.located Turnpike / ROBUST DATA INFRASTRUCTURE / BRIGHT AIRY SPACE and andthe theMass. Mass.Turnpike Turnpike RENOVATED / AMPLEDATA PARKING / / ROBUST INFRASTRUCTURE / BRIGHT AIRY SPACELOBBY CONVENIENT TO SHOPPING AND RESTAURANTS / A MUST SEE! / ROBUST DATA INFRASTRUCTURE BRIGHT AIRY SPACE / ROBUST DATAPARKING INFRASTRUCTURE BRIGHT AIRY SPACE RENOVATED LOBBY / AMPLE / // RENOVATED / /AMPLE / / SEE! RENOVATED LOBBY AMPLEPARKING PARKING CONVENIENT TO SHOPPINGLOBBY AND RESTAURANTS / A MUST CONVENIENT TOTOSHOPPING AND / /AAMUST SEE! CONVENIENT ANDRESTAURANTS RESTAURANTS MUST SEE! SCHEDULE ASHOPPING VISIT TODAY. 978.365.4585
[email protected] SCHEDULE A VISIT TODAY. 978.365.4585 or
[email protected] or
Auburn IndustrIAl development CorporAtIon www.aidc.com
SCHEDULE A VISIT TODAY. 978.365.4585 or
[email protected] or
[email protected] SCHEDULE SCHEDULEAAVISIT VISITTODAY. TODAY.978.365.4585 978.365.4585or
[email protected]
H&R Block and Applebee’s
Population | 2010 Census: 10D February 3 - February 9, 2017
46,539 in 1 mile; 246,777 in 3 miles; 623,547 in 5 miles
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Households | 2010 Census:
18,786 in 1 mile; 97,063 in 3 miles; 255,727 in 5 miles
Massachusetts
Average Household Income | 2010 Census:
$73,786 in 1 mile; $76,098 in 3 miles; $86,980 in 5 miles
Traffic:
Established Supporting Advertisers 25,000 cars per day; 12,000 pedestrians per day at the nearby MBTA T-station
Location | Convenience | Value
Contact:
Greg Regazzini, VP, Director of Leasing
[email protected] ph: 781.321.7800, ext. 318 www.combinedproperties.com
219
MIDLAND LOW FEES | GREAT RATES | STREAMLINED PROCESS
Call (888) 825-1785 or visit www.chase.com/MFL
Construction
Corporation
QUALITY
ESTABLISHED 1945 Call for a FREE Estimate is Training 1-888-Sealer-O or 1-800-225-4015 www.newenglandsealcoating.com
General Contracting Services Quality. Performance. Service Pre- Construction Consulting 1700 Dorchester Ave.,Managers Boston, MA 02122 Construction PERFORMANCE 617-446-1700 Design Build
www.midlandconstruction.com
Funding, Incorporated OurDiversified Strength 63 Atlantic Ave., Boston, MA 02110 617-227-0893 www.diversifiedfundinginc.com
SERVICE
Since 1935
&
F
New England Carpenters Labor Management
antini G orG a
Connect with Combined Properties 1700 Dorchester Avenue, Boston, MA 02122 on Facebook and Twitter Telephone 617.446.1700
300 real Commercial St., Suite 25 rm, creating better places www.midlandconstruction.com A full-service estate development to live & work. sm
Your Property Management Solution. 265 Franklin St., Boston, MA 02110 Malden, MA 02148 617-423-7000 617-951-2600 781-321-7800 Combined Properties, Inc. | 300 Commercial St., Suite 25 | Malden, MA 02148 | 781.321.7800 | www.combinedproperties.com www.firstrealtymgt.com www.fantinigorga.com www.combinedproperties.com
R
Remic
750 Dorchester Ave., Boston MA 02125 800-275-6200 www.NECarpenters.org Temple Beth Elohim Wellesley, MA Credit: Bruce Martin Photographer
Griffin Electric provides ongoing training and education for all of our employees. Preparing our team to be leaders in the electrical industry is the commitment we make to ourselves and to our clients. We firmly believe our opportunity to be the best stems from the continuous improvement of our most valuable resource –
Unlocking Value in Commercial Real Estate
our people. This dedication to training is evident in the quality of
Properties
177 Worcester St., Wellesley, MA 02481 781-237-9500 www.remicprop.com
106 River St., West Newton, MA 02465 617-969-2521 www.bostonneca.org
116 Hopping Brook Rd. the work we do. Holliston, MA 01746 508-429-8830 www.waynejgriffinelectric.com
One Burlington Woods Drive Burlington, MA 01803 781-273-5555 www.KeyPointPartners.com
Corporate Headquarters • 116 Hopping Brook Road, Holliston, MA 01746 • (508) 429-8830 Regional Offices • Charlotte, NC • Raleigh, NC • Duluth, GA • Pelham, AL www.waynejgriffinelectric.com
CT Lic ELC.0123697-E1
MA Lic A8999
King Painting Inc. 89 Hayden Rowe St., Hopkinton, MA 01748 888-538-7599 or 508-598-3511 www.solect.com
617-369-6600
281 Winter St., Waltham, MA 02451 781-895-3270 www.vantagebuildersinc.com
RJ O’Connell & Associates, Inc. 800-402-2265 www.stonehambank.com
617-628-8888 www.weatherproofing.net
80 Montvale Ave., Stoneham, MA 02180 781-279-0180 www.rjoconnell.com
85 Flagship Dr., No. Andover, MA 01845 978-683-7434 www.kingpaintinginc.com
COMMERCIAL GROUP 800-833-6104 www.kinlingrovercommercial.com
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February 3 - February 9, 2017 11D
Massachusetts
Established Supporting Advertisers Fafard Real Estate 1250 Hancock St., Quincy MA 02169 617-773-8150 www.wesslingarchitects.com
One Campanelli Dr., Braintree, MA 02184 781-849-1440 www.Campanelli.com
120 Quarry Dr., Milford, MA 01757 508-881-1600 www.fafardrealestate.com
10 Everberg Rd., Woburn, MA 01801 781-932-0707 www.danddnet.com
Superior Service Since 1987
One Cranberry Hill, Lexington, MA 02421 781- 862-6168 www.stubblebinecompany.com
2 Sterling Road, Unit 1
285 Circuit Street
North Billerica, MA 01862
Hanover, MA 02339
978-436-9990
781-982-5684
CALL US TODAY 1-800-SWEEPING or 781-395-1200 OUTSIDE OF NEW ENGLAND www.powersweeping.com
125 Samuel Barnet Boulevard New Bedford, MA 02745 800-544-0961 www.poyantsigns.com
Call today! 508-958-2196 www.kellyspainters.com
I mprovement C ompany 39 Industrial Parkway Woburn, MA 01801
uspavement.com
1-800-PAVEMENT www.tectaamerica.com
www.masshousingrental.com
208 Wareham Road, Marion, MA 02738 508-748-6545 www.southcoastimprovement.com
978-560-0575 www.kspartnersllc.com
Connecticut Arnold Peck s Commercial World 800-301-3077 www.blcompanies.com
265 Church St., New Haven, CT 06510 203-672-3300 www.marcusmillichap.com
500 Boston Post Rd., Milford, CT 06460 203-877-1345, Toll Free: 877-884-1927 www.arnoldpeckscommercialworld.com
Connecticut Chapter 203-234-6371 www.ccimct.com
Opportunities 12D February 3 - February 9, 2017
Keene • $1,200,000 38,332 SF lot. Perfect for single user or as investment. MLS #4048256 George Foskett • 603-283-1944
• $1,200,000 s has been in opertation 71276605 on • 413-774-1220
m • $775,000 zone. 3 phase. Used as ed kilns. MLS #4004864 tt • 603-283-1944
Connecticut
Greenfield • $850,000 Building can be used as a production facility or converted to office building. MLS #71160594 Mark Abramson • 413-774-1220
Lewiston • $950,000 95,000 S.F. Industrial Building offers a variety of floor. MLS #1028566 Team Fletcher • 207-795-9623
Newmarket • $599,900 Remodeled 7 unit mixed use. 10% CAP!! Price just reduced $100K! MLS #4046079 Patti Visconte • 603-601-1119
Manchester • $675,000 Well Maintained 11 unit in a desirable Derryfield Park area. MLS #4070650 Jon Matta • 603-625-2800 x320
ChoziCk realty, inC.
York • $499,900 25 individual rooms, fellowship hall, sound room,
Stratham • $335,000 In Home Business Opportunity! High
114A Washington visiblility on Rte 33. MLS #4077120 7 units - mixed use. MLS #4085286 Ave. kitchen, & 4 bathrooms. MLS #2749335 Christina DeYeso • 603-601-1113 Patti Visconte • 603-601-1119 x230 North Haven, CT 06473 Tamber Lewis • 207-337-3717 100 Wells St., Hartford, CT 06103 203-234-6371 860-247-7400 www.theprotogroup.com www.chozickrealty.com
www.masiello.com
n • $324,900 plan approval for an plex. MLS #4026240 k • 603-601-1109
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Portsmouth • $695,000 Prime corner lot at light with Convenience Store and 3 bedroom apartment. MLS #4089594 Patti Visconte • 603-601-1119
Hampton • $499,900 Investment Opportunity! 11% Cap!
ton • $589,000 00,000!! Prime retail Rt. 1. MLS #4049352 e • 603-601-1119
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Kittery • $250,000 Ideal for someone building a portfolio of small investment properties. MLS #4085156 Peter Gluckler • 207-363-4558 x226
York • $198,500 Commercial property with potential for 3 bdrm residence on site. MLS #1036786 Bill Dignan • 207-363-4558 x222
860-447-9570 www.pequotcommercial.com Keene • $1,500/ mo. Prestigious office space located within walking distance of downtown. MLS #4048386 Bill Hutwelker • 603-283-1956
Hampton • $950/ mo. Office space with easy access to I-95 and Rte 101. MLS #4004545 Tracy Emerick • 603-601-1109
ugh • $8/ sq ft fice building for lease or ugh,NH! MLS #2816653 • 603-924-8373 x217
Peterborough • $7/ sq ft Climate controlled warehouse space for lease, built in 2004. MLS #2797377 Michelle Lange • 603-924-8373 x217
Hampton • $7/ sq ft 10,000 SF Industrial/Warehouse w/loading dock & drive-in. Hampton. MLS #4095663 Patti Visconte • 603-601-1119
1768 Litchfield Turnpike Woodbridge, CT 06525 203-389-5377 www.LMMRE.com
New York Metro 212-904-1994 www.northmarq.com
Windham • $2,558/ mo. The most sought after retail,restaurant or office space to lease In Windham!! MLS #4108170 Rick Hatton • 603-434-2374 x32
800-800-5261 www.transystems.com
$1,850/ mo. etail storefront! May be ing unit. MLS #4035627 603-434-2374 x32
Lev ey Miller Maretz Commercial Realtors
860-572-1936
[email protected]
877-923-9850 www.CBCWorldwide.com
Keene • $18/ sq ft 1st Floor office or retail. New building. Pick your own finish. 545 SF. MLS #4021696 George Foskett • 603-283-1944
Northern New England Peterborough • $6/ sq ft 6,343+/- total combined warehouse and office SF available for occupancy. MLS #4052300 Michelle Lange • 603-924-8373 x217
SMC
INE OF COMMERCIAL BROKERING SERVICES
• BUYER TENANT REPRESENTATION /VALUE ANALYSIS • BUSINESS SALES/VALUATIONS • HOSPITALITY ATIONS COMMERCIAL DEVELOPMENT • FULL CORPORATE SERVICES
LANDLORD REPRESENTATION
REAL ESTATE CONSULTING SERVICES
One Sundial Ave. Manchester, NH 03103 603-626-1144
4 Park St., Concord, NH 03301 877-500-4994 www.masiello.com
P.O. Box 4430, Manchester, NH 03108 603.623.8811 proconinc.com
25 Orchard View Drive Londonderry NH 03053 603 434-6700 www.themegcompanies.com
KW Commercial, NH Tel: 603-836-2740 www.kwcommercialNH.com
Rhode Island NRT 3275 Post Rd., Warwick, RI 02886 401-738-2000 MoveToWarwickRI.com
Call one of our commercial real estate professionals at 401-333-0010 Ext. 500 www.cbcnrt.com
1170 Pontiac Ave., Cranston, RI 401-781-1700
www.GreaterRI.com
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New England Real Estate Journal
February 3 - February 9, 2017 13D
Auctions
New England Auctioneers Specializing in Commercial/Industrial Real Estate Corporate Office “Established in 1932’’ Branch Office P.O. BOX 247 31 Capital Drive Malvern (Philadelphia), PA 19355 West Springfield, MA 01089 (610) 853-6655 • Fax 853-6633 (413) 733-5238 • Fax 731-5946 PA Auc. Lic. # AY-000241-L MA Auc. Lic. #161
• INDUSTRIAL PLANTS • MACHINERY • • CONSTRUCTION EQUIPMENT • • COMMERCIAL, INDUSTRIAL & RESIDENTIAL REAL ESTATE • TOLL FREE 1-877-POSNIK-1 (767-6451)
visit our website at www.posnik.com • Email us at
[email protected]
High Performance Auctions www.amgss.com 800.209.3900
Dale W. Schaetzke, CAI, AARE, CES, GRI
Auctioneer/Broker/Realtor®
The man with the “Golden Gavel”® P.O. Box 2114 • New Castle, NH 03854
373 BOYLSTON ST., NEWTON, MA 02459
617-731-4455 www.paineauctioneers.com MA Lic. #120 • NH Lic. #2779 • RI Lic. #0546
Real Estate Auctions and Brokerage throughout the Northeast Paul McInnis -
[email protected] Justin Conway -
[email protected] www.paulmcinnis.com (603) 964-1301
(800) 522-8488 • (603) 436-6711 fax
• NH Lic. #2736 • MA Lic. #1541 • ME Lic. #AUC957 RI Lic. #7774 - VT Lic., #057-0002209 FL. Lic. #AU 2301 www.auctionsnewengland.com
[email protected]
750 Boston Neck Road • Narragansett, RI 02882 Phone: 401.792.4300 Fax: 401.792.4337 Auctioneer: Michael Salvadore Jr. RI Lic. #1907 MA Lic. #380 NH Lic. #5052
#!! $ % "& ""'%&$ %&&
Auctions • Appraisals Liquidations
45 Exeter Road, P.O. Box 400 #!! $ &$ &' & Epping, NH 03042 " %& $
email us at:
[email protected]
((( % '& #"%#!
COMMERCIAL & RESIDENTIAL R EAL E STATE AUCTIONS
207-775-4300 www.tranzon.com
·RECOGNIZED LEADER ·REGIONAL EXPERTS
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
TRANZON AUCTION PROPERTIES SERVING CLIENTS IN NEW ENGLAND, NEW JERSEY & UPSTATE NEW YORK WITH OFFICES IN: PORTLAND, MAINE WAKEFIELD, MASSACHUSETTS CONNECTICUT Th ere are TwWESTPORT, o Ways to Sell Real Property – O n th e Market for Month s or Off th e MarketNEW in Minu YORK tes. Take Action! KENMORE, Have SOMERSET, an Au ction. Th eNEW Au ctionJERSEY Ad van tage !
WE’RE SERIOUS ABOUT SERVICE! • Foreclosures • Private Owner Sales • Bankruptcies • Condominium Liens • Secured Party & Commissioner’s Sales • Commercial & Residential Sales
“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 to our clients for SUPERIOR results. 144 Centre Street, Holbrook, MA 02343 • Tel: 617-227-6553 Visit our website at www.pesco.com MA Lic 295, N.H 2508, R.I 4035, VT 057-0002204
OVER 25 YEARS OF FOCUS & EXPERIENCE CHECK OUT OUR NEW MOBILE-READY WEBSITE!
NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNAL ●N H ●R I
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Sou th coast Au ctions & Realty , Inc. - Georg
e A. Collias A Repu tation for Resu lts – f or ove r 30 ye ars
( 508)
679-
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14D February 3 - February 9, 2017
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Auctions
Public AuctioN
WEDNESDAY, FEBRUARY 8TH at 11:00 A.M. MORTGAGEE’S SALE OF REAL ESTATE
• PLAINFIELD •
± 80 ACRE
COUNTRY HORSE FARM ESTATE WITH
• 2-STORY FEDERAL CAPE STYLE HOME • • (3) APARTMENTS & OWNERS UNIT •
• INDOOR & OUTDOOR RIDING ARENAS, STABLES, HAY STORAGE & RUN-IN BARNS •
27 Broom Street
PLAINFIELD, M ASSACHUSETTS
To be sold on the Premises
LAND: • ±80 Acres of Land • (3) Curb Cuts • Gravel Driveways • (2) Private Wells & Tanks • Private 1,000 Gallon Septic Tank • Zoned: Residential / Agricultural • • Hampshire County Registry of Deeds: Book 9 9 86, PG.118 • IMPROVEMENTS: • 2- Story Federal Cape Style Home ( CIRCA 1783) with (3) Apartment Units & Tea House • CAPE HOME: • ± 3,900 S/F OF Living Area • Total of (6) Rooms with ( 3) Bedrooms & ( 2) Baths • Oil Heat • Clapboard Siding • Fireplace w/ Bread Oven & Swing Arm • • Built- In’s • Hardwood & Ceramic Tile Floors • UNIT #1 • ± 1,500 S/F of Living Area • Large Open Room w/ Den and Studio • (2) Open Spaces, (1) Bedroom, Kitchen, Living & Dining Room & (1 ½) Baths • Oil Heat • • Hardwood Floors • UNIT #2 • ± 1,500 S/F of Living Area • Total of (3) Rooms with Studio, Kitchen, Office & ( 1) Full Bath • Potting & Wood Sheds • Laundry Room • • Oil Heat • Wide Plank Wood Floors • UNIT #3 • ± 700 S/F of Living Area • Open Floor Plan w/ Mezzanine & (1) Full Bath • Radiant Floor Heat (Propane) • INDOOR RIDING ARENA: HORSE BARN: • ± 120’ X 70’ Indoor Riding Arena w/ Viewing Room • Post & Beam Construction • Shadow Free Lighting • Insulated & Vented • CUPOLA BARN: • Total of (7) Horse Stalls • Chicken Coop • Hay Storage (Upper Level) • Tack Room • Wash Room • Equi- Foam Floors • HORSE BARN: • (10) Stall Horse Barns • Post & Beam Construction • Oversized Stalls w/ Equi Foam Floors • • Insulated • Tack, Wash & Viewing Rooms • (2) Frost Free Hydrants • 1,000 Bale Hay Storage Room • RUN- IN SHEDS: • (2) Stall Horse Barns • (2) Stall Sheds • Double Sided Shed • (5) Stall Shed w/ Steel Pole Construction, Frost Free Hydrant, Separate Meter & New Metal Roof • OPEN AREAS: • ±85’ X 240’ Outdoor Riding Arena • ± 3 Acre Fenced – In Horse Pasture • ± 2 ½ Acre Fenced – In Horse Pasture •
INSPECTION:
• GRAFTON •
±29,000 S/F ONE & TWO STORY
INDUSTRIAL BUILDING WITH
4 – BAY GARAGE
44 Brigham Hill Road GRAFTON, MASSACHUSETTS To be Sold on the Premises
SATURDAY, JANUARY 28TH 10:00 A.M. – 2:00 P.M MORNING OF SALE 9:00 A.M. – 11:00 A.M.
Sale Per Order of M ortgagee Alan Blanker, Esq. 400 M ain Street, Greenfield, M A Attorney for M ortgagee Terms of Sale: $ 10,000.00 Deposit is required at the time of the Auction, Cash or Certified Funds. 5% Buyers Premium Applies. Other Terms to be announced at Time of Sale.
Aaron Posnik
AUCTIONEERS · APPRAISERS
West Springfield, MA • Philadelphia, PA 413-733-5238 • 610-853-6655 TOLL FREE 1-877-POSNIK-1 (767-6451) M A Au c . L i c . # 1 6 1 • P A Au c . L i c . # AY 0 0 0 2 4 1 L
www.posnik.com • E - mail:
[email protected]
New eNglaNd Real estate JouRNal
Auctioneers News Report Form To get your firm’s auctions published complete the form below Name of firm ____________________________________________ Address ________________________________________________ Telephone number ________________________________________ Buyer __________________________________________________ Seller __________________________________________________ Brokers name/title ________________________________________ Owner _________________________________________________ Developer ______________________________________________ Address of property _______________________________________ Size of site (acres, s/f) _____________________________________ Size of building (floors, s/f) _________________________________ Sales price ______________________________________________ Principals involved ________________________________________
Important: Please include a photo of the property or principals involved
Mail to: New England Real Estate Journal Attn.: David Denelle, editor P.O. Box 55, Accord, Mass. 02018 (781) 878-4540 FAX (781) 871-1853
LAND: ±1 Acre of Land • ±100' Frontage Along Brigham Hill Road • • Paved Parking for ±15 Vehicles • One Curb Cut • Town Water & Private Septic • Parcel ID: Map 64.0, Lot 8 • Zoned: Low Density Residential (R40) • IMPROVEMENTS: One & two Story Industrial Building • • 4-Bar Garage • 100% Sprinklered (Wet) • Vinyl Replacement Windows • INDUSTRIAL AREA: ±28,000 S/F • Gas Fired Unit Heaters • • (3) Lavatories • Concrete Floors • (2) Overhead Doors: Dock Level • • (1) Overhead Door Drive–In Door • ±12'–16' Ceiling Heights • • 20' x 20' Column Spacing • Compressed Air Thru–Out Building • OFFICES: ±1,000 S/F • Electric Heat • (1) Lavatory • • Carpet Floors • Showroom & (3) Private Offices •
INSPECTION: DAY OF SALE 11:00 A.M. – 1:00 P.M. Sale Per Order of Mortgagee Attorney Gregory M. Schmidt Of the Firm of Doherty, Wallace, Pillsbury & Murphy, P.C., One Monarch Place, Springfield, MA Attorney for Mortgagee Terms of Sale: $15,000.00 Deposit Cash or Certified Funds. Deposit to be increased to an amount equal to 10% of the Purchase Price within 5 business days. 5% Buyer’s Premium Applies. Other Terms to be Announced at Time of Sale.
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New England Real Estate Journal
February 3 - February 9, 2017 15D
Auctions REAL ESTATE
MA Lic. #107
MORTGAGEE’S SALE OF REAL ESTATE AT
PUBLIC AUCTION
PITTSFIELD, MA
AUCTION 1,445±sf 1st Fl. Commercial Office Condo Concord, MA
179-ROOM HOTEL
CURRENTLY A CROWNE PLAZA
1 WEST ST. – PITTSFIELD, MA WEDNESDAY, FEB. 22 @ 11:00 AM
• DOWNTOWN – EST’D LOCATION • 2 RESTAURANTS & BALLROOM • PKG GARAGE – POOL & FITNESS
• SET ON 3.19± ACRES • MULTI-STORY BLDG • 12,000± SF MTNG AREA
Mort. Ref.: Berkshire (Middle) Reg. Bk 4026, Pg 32; registered w/Land Court as Doc #35487 on COT #6481
TERMS: $100,000 Dep.; additional $300,000 due within 5 bus. days; balance due within 40 days. Lauren A. Solar, Esq., Hackett Feinberg PC, 155 Federal Street, Boston, MA, Attorney for Mortgagee. ** INFO PACKAGE AVAILABLE ** Call or visit website for more info.
12 Pond Ln. (Rt. 62), Unit EB-1S
In Historic Damonmill Square Complex Close to Commuter Rail, Schools, Shops, Restaurants, Rt. 2, I-95 & I-495 Open Floor Plan, Exposed Brick, High Ceilings, French Doors, Office & Kitchenette
Thur., February 16 at 11am On-site Property Preview: Friday, February 10 (11am-1pm)
Info, Broker Reg., Terms & More at:
www.JJManning.com or call (800) 521-0111
SULLIVAN-AUCTIONEERS.COM 617-350-7700
MA Co. Lic# 3184 Ref# 17-1718
ATTENTION
New England Real Estate Journal
Auction Companies 1/4 page
Reach the people who want to attend your presentation and buy your properties
THE NEW ENGLAND REAL ESTATE BILLBOARD WEEKLY *Readership 30,000 + per issue *Large display ads - 5” x 6” (Larger sizes available)
For the past FIFTY TWO years OWNERS, DEVELOPERS AND BROKERS have been selling and leasing their commercial properties through the country's largest real estate weekly newspaper - NEW ENGLAND REAL ESTATE JOURNAL. The JOURNAL has probably marketed more commercial property than all the Sunday newspapers in the region put together.
Call Karen Dowell
Digital Edition: www.nerej.com (781) 878-4540 x254 • EMAIL:
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16D February 3 - February 9, 2017
New England Real Estate Journal
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February 3-9, 2017
DESIGN BUILDERS | CONSTRUCTION MANAGERS PROVIDING CUSTOMIZED FOR OVER 47 YEARS
Inside Back Cover
Corporate Office Medical | Hospital Senior Living Centers Hospitality Industrial | Manufacturing Academic
SOLUTIONS TO OUR CLIENTS
262 South River Road | Bedford, NH 22,568 SF Office Building
Sullivan Construction, Inc. recently completed a two-story, 22,568 square foot office building incorporating classic New England design features with modern amenities. The building has a steel frame with concrete floors and wood trussed roof, architectural roof shingles, and stone veneer. It is protected by a fire sprinkler and alarm system, as well as a security camera system in the entries and on the exterior of the building. The HVAC is a super efficient VRF zoned climate control system. There is an open two story lobby with central stairway and an elevator. The building has a full emergency generator, as well as two electric car charging stations. The building reflects smart design, integrating natural landscaping with attractive architecture. This 22,568 square foot two-story professional building has 11,350 square feet of office/medical/retail space available for lease on the first floor. Tenants have the flexibility to customize their space for optimum efficiency and overall appeal. A platinum leader in energy and environment, Sullivan Construction was New Hampshire’s first company to achieve LEED Office Platinum USGBC certification. With 47 years of design build expertise, we are committed to providing green/sustainable solutions and energy efficiency that benefit the environment in all of our projects. Check out Sullivan Constructions website for a detailed video of this property. To find out more information or to schedule a tour of the property, please contact Roger Dieker at CBRE/New England 603-540-8315.
Back Cover
New England Real Estate Journal
February 3-9, 2017
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EASTERN NEW ENGLAND SETS ITS SITES ON QUALITY AND SAFETY IN ELECTRICAL AND TELECOM CONSTRUCTION. NECA and IBEW set the standard for excellence in electrical, telecom, and renewable energy projects throughout Eastern New England.
Boston Convention and Exhibition Center
MFA Boston, The Art of the Americas Wing
Center for Life Science, Boston, MA
New Balance World Headquarters, Boston, MA
Leonard P. Zakim Bridge
JATC Training Center/Wind Turbine, Boston, MA
In the world of construction, quality and safety are critical to every project. Which is why leading architects, general contractors, building owners, and facility managers throughout Eastern New England rely on the skilled union electricians of Local 103 of the International Brotherhood of Electrical Workers (IBEW) and the professional electrical contractors of the Greater Boston Chapter of the National
Electrical Contractors Association (NECA). For more than a century, IBEW and NECA have literally helped build our region. From our most cherished historical sites and renowned educational institutions, to major transportation projects, leading technology companies, community schools, and libraries, our landmarks shed light on a century of electrical construction unsurpassed in quality.
Take a close look at just a few of the recently completed projects by NECA Greater Boston Chapter members. It will tell you where to turn for the highest standards in electrical, telecom, and renewable energy construction. Rely on the power of quality electrical work. Call 877-NECA-IBEW for a complete directory of NECA Greater Boston Chapter Members, or visit us at www.bostonneca.org
The future of renewable energy and green buildings is here.
www.ibew103.com
(877)NECA-IBEW (632-2423)
www.bostonneca.org
