Office Building Purchase, Boston Suburb

Our client closed on the purchase of office buildings consisting of a 17,000 square foot building and a 5,000 square foot building in a Boston suburb which includes a lease with the Commonwealth of Massachusetts through its Division of Capital Asset Management and Maintenance (DCAMM).

On behalf of our client, we negotiated the purchase agreement, reviewed due diligence matters, including leases, title, survey and zoning matters, negotiated loan documents with a regional lender, organized the owner entity which included limited partners, and issued title insurance policies to the owner and lender.

David J. Murphy and Brian T. Cronin represented the buyer on this transaction.

News & Insights

Potential Property Tax Deduction Cap: Risks for Real Estate Developers and Investors

March 10, 2025 | Author:  David J. Murphy What’s being proposed? Congress is negotiating a tax and fiscal package that threatens the commercial real estate industry. Lawmakers have proposed capping or eliminating state and local business property tax deductions. This proposal faces strong opposition from...

Murphy PC Advises on Joint Venture Preferred Equity Investment in a $50M Multifamily Acquisition in Georgia

Murphy PC represented a Boston-based preferred equity investor who partnered with a sponsor in a $50,000,000 acquisition of a 268-unit multifamily property in Georgia. The transaction involved the assumption of a Fannie Mae loan and featured a substantial preferred equity position with a sponsor who...

US Commercial Real Estate Cap Rates Hold Steady in Late 2024

March 2, 2025 | Author:  David J. Murphy According to CBRE’s H2 2024 Cap Rate Survey, commercial real estate cap rates have generally stabilized during the second half of 2024, with variations across different property sectors and strategies. This stabilization comes after a period of...