Our Blog
Welcoming The Next Street to The Westwood Building
Office Space in Westfield, MA L&P Commercial is pleased to welcome The Next Street to The Westwood Building at 94 North Elm Street in Westfield, MA. The Next Street was voted Best Driving School in Connecticut. This is their second Western MA location. The Next...
Welcoming Work Opportunity Center to The Westwood Building
Commercial Leasing in Westfield, MA L&P Commercial is pleased to welcome Work Opportunity Center, Inc. to The Westwood Building at 94 North Elm Street in Westfield, MA. They will be occupying 7,000 square feet of the ground floor on a long term lease. Work...
Welcoming Western Massachusetts Psychiatric Specialists to Longmeadow Professional Park
Commercial Leasing in Longmeadow, MA L&P Commercial is pleased to welcome Western Massachusetts Psychiatric Specialists to the Longmeadow Professional Park at 175 Dwight Road. They will be occupying Suite 103. Western Massachusetts Psychiatric Specialists is a...
Welcoming Colony Care Behavioral Health to Longmeadow Professional Park
Longmeadow Professional Office Park L&P Commercial is pleased to welcome Colony Care Behavioral Health to the Longmeadow Professional Park at 175 Dwight Road. They will be occupying Suite 204. Colony Care Behavioral Health is a multi-disciplinary group of...
Sale of 95 Shaker Road, East Longmeadow, MA
L&P Commercial was pleased to facilitate the sale of 95 Shaker Road in East Longmeadow, MA. The 2.51 acre development with multiple buildings and lumber yard sold for $725,000. L&P Commercial represented the seller and procured the buyer. The 2.51 acre...
Welcoming Dr. Raymond Magauran to Longmeadow Professional Park
Longmeadow Professional Office Park Dr. Raymond Magauran, a local Ophthalmologist with several offices in the area, will be opening an office at the Longmeadow Professional Office Park at 175 Dwight Road. Dr. Magauran is renovating a suite on the second floor of 175...
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...