Purchase of a Retail Plaza, Route One Saugus

Murphy PC represented a family real estate company purchaser of an approximately 12,000 square foot retail plaza occupied by Fed-Ex Office, Bay State Physical Therapy, For Eyes and Premier Martial Arts well located along Route 1, the area’s primary commercial corridor.

The transaction included negotiation of the purchase agreement, loan documents, tenant estoppels and subordination, nondisturbance, and attornment agreements with various parties, advice on due diligence items, including a reciprocal easement agreement and related estoppel, and title, zoning and environmental matters.

Murphy PC is a law firm in Boston, Massachusetts representing, developers, investors, owners, asset managers, and sponsors in all aspects of real estate, including project development, acquisitions and dispositions, joint ventures, capital markets, commercial leasing, design and construction contracts, and title and escrow services. Our real estate capabilities include a variety of sectors and asset classes in small to middle-market segments, including, mixed-use, multi-family, office, retail, and restaurant.