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Q1 2021 CoStar Quarterly Deals Winner
Q1 Commercial Real Estate Award We're excited to announce we are being recognized by CoStar US as a 2021 CoStar Power Broker Quarterly Deals winner for Q1! The CoStar Power Broker Quarterly Deals honor the very best transactions in commercial real estate every...
Understanding The Capitalization Rate
DEFINING THE CAPITALIZATION RATE The capitalization rate (often referred to as cap rate) is a valuation measure in the commercial real estate industry used to indicate the rate of return expected on a real estate investment property. The cap rate is the ratio of net...
Somers Place, 24 Battle Street, Somers, Connecticut
L&P Commercial was pleased to facilitate the sale of Somers Place in Somers, CT. Somers Place is an 8,004 square foot medical office building with five separate units. Somers Professional Place, LLC purchased the property on February 10, 2021, and the new landlord...
200 North Main Street, East Longmeadow, Massachusetts
L&P Commercial was pleased to fill eight vacant spaces at the Meadows Executive Center in three months. The Meadows Executive Center consists of 13 individual offices for rent with a shared conference room, waiting area, and kitchenette. The space was recently...
The Westwood Building, Westfield, Massachusetts
L&P Commercial is pleased to add four new tenants to the Westwood Building in Westfield, Massachusetts. The Westwood Building is a 97,311 square foot, class A office building located 1 mile from exit 3 on the Mass Pike. New England Realty Services, H&T Tax...
2020 Commercial Real Estate Market Review
The impact of COVID-19 on commercial real estate While the COVID-19 Pandemic has wreaked havoc on the retail and office market, residentialactivity has been on fire. According to the Census Bureau, annualized spending was $667 Billionin 2020 for residential real...
Understanding Letter of Intent
For example, understanding the lease type is critical to budgeting your rent. If the lease is a triple net (NNN) lease, then the tenant needs to understand that there are multiple expenses not included in the base rent. Triple net leases separate taxes, insurance and...
193 Western Avenue, Springfield, Massachusetts
L&P Commercial represented CGS Enterprises, INC. in selling two industrial condominiums at 193 and 195 Western Avenue in West Springfield, Massachusetts on March 6th, 2020. The two industrial condominiums are a rare find in the Western Massachusetts market as most...
9 Steps to Buying a Commercial Property
1) Hire a Commercial Real Estate Agent Commercial real estate transactions can often be lengthy, complicated, and unpredictable. Consequently, there are many benefits to hiring a commercial real estate agent who is familiar with the industry and the process of...