News

True Value Deal Closed

We closed the sale of a True Value hardware store for our client, a real estate development company. An investor purchased the property, leased to a True Value franchisee, using 1031 exchange funds and a loan from a local bank to finance the purchase of the property....

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Shopping Plaza Acquisition Boston Suburb

Murphy PC represented a family-owned real estate company in the acquisition of a shopping plaza located in a Boston suburb.  The transaction included advising on title, zoning, environmental and tenant issues, negotiating a lease amendment to accommodate plans to redevelop the property, negotiating loan documents with a life insurance company that provided the acquisition loan, and issuing the owner’s and lender’s title insurance policy with endorsements.  David J. Murphy served as lead attorney in the transaction.

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Condominium Development Norwood, Massachusetts

Murphy PC represents the developer of a residential condominium project in Norwood, Massachusetts known as Endicott Woods.  The project consists of 14 buildings and a total of 112 townhouse condominium units.  David J. Murphy and Brian Cronin handle drafting the condominium documents, purchase and sale agreements and closing documents for each condominium unit sale in the project.

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Title Counsel for Acquisition in North Shore, Massachusetts

David J. Murphy served as title counsel to a buyer who acquired a commercial property located north of Boston from the developer in a 1031 exchange transaction.  The transaction included a lease back to the developer under a master lease where the existing national restaurant tenants remained under subleases with the developer.  The firm advised on title matters and issued title insurance in the transaction.

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