SouthCoast MA & RI Commercial Real Estate News

Historic New Bedford Church is SOLD!

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Sale of one of New Bedford's oldest historic churches, The North Baptist Church, located at 750 County Street. The property was sold on August 31, 2017.

Built in 1900, the building consists of approximately 4,000 sq ft. of worship space with an additional 1,600 finished lower level having a working elevator, on a half acre parcel of land.

The property will continue to be used as a worship center.

The Seller was North Baptist Church and the Buyer was SNACA of SDA. The Sale price was undisclosed.

The Seller was represented by Lori A. Nery, CBR, LMS, GRI, Broker, from Coastal Commercial Real Estate.

New Bedford Retail Building is Sold!

Popular Celia's Restaurant to relocate!

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of a standalone, stucco style retail building located at 858 Kempton St, New Bedford, MA.

Built in 1950, the building consists of approximately 3,800 sq ft. of retail space, on a 4,800 sq ft parcel of land.

The property will be used as the new location for Celia's Restaurant, renowned for its servings of Caribbean Latin fare. The restaurant was previously located at 700 Kempton St, New Bedford, MA.

The Seller was Edward A. Corris and the Buyer was Ana P. Oriz / Celia's Realty LLC. The Sale price was undisclosed.

The Seller and Buyer was represented by Lori A. Nery from Coastal Commercial Real Estate.

Specialty Sandwich Eatery Leases Downtown Historic Building!

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Lease of one of the city's popular restaurant/bar buildings in the Historic District of Downtown, New Bedford, MA, located at 37-41 Union St.

Built in 1880, the building consists of approximately 2,520 sq ft. of retail space.

The property will be used as a restaurant/eatery for Sam Potters Roast Sandwiches. It was formally Pier 37, a restaurant/bar.

The Lessor was Marder Management Corp. and the Lessee was The White Rose LLC d/b/a Sam Potters Roast Sandwiches. The Lease details were undisclosed.

The Lessor and Lessee were represented by Michael Volpe from Coastal Commercial Real Estate.

Sarah E. Korolnek Joins Coastal Realty

Sarah E. Korolnek, Realtor®

New Bedford, MA - Lori Nery is pleased to announce that Sarah E. Korolnek is the newest REALTOR® to join Coastal Realty. "Sarah is a real go-getter," says Ms. Nery. "Her background in working for national retailers like Talbots and Brahmin has made her acutely aware of the importance of customer service and that's what we're all about here at Coastal Realty!"

Ms. Nery added that Sarah, a licensed REALTOR®, brings to her clients an intuitive strategic planning perspective, honed through those years of experience in management. Sarah's clients regularly benefit from her keen ability to solve problems, motivate individuals, and negotiate deals.

Sarah is a member of the REALTORS® Association of Southeastern Massachusetts, the Massachusetts Association of REALTORS®, and the National Association of REALTORS®. She earned her Bachelor of Arts in Business Administration/Management from Bryant University in Smithfield, Rhode Island.

In her previous management and marketing career, Sarah worked on relocation, site development, and new store launches. Through these duties, she discovered she exceled in real estate and South Coast home buyers and sellers now have the results to prove it!

Sarah lives in Dartmouth, Massachusetts, with her husband and two children. She can be reached at 774-644-9156 or S.Korolnek@nerycorp.com.

Industrial Mill Building on the New Bedford Waterfront is Sold!

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of one of New Bedford's oldest industrial mill buildings on the waterfront, located at 95-127 W Rodney French Blvd. in New Bedford, MA.

Built in 1910, the building consists of approximately 500,000 sq ft. of retail & warehouse space on 3 levels, on a 6.69 acre parcel of land.

The property will be used as retail and warehouse space with possible future development of oceanview condos on the 3rd level.

The Seller was Clark's Cove Realty, LLP, and the Buyer was J. Murray & Sons Construction, LLC. The Sale price was undisclosed.

The Seller was represented by Michael Volpe from Coastal Commercial Real Estate.

Lori A. Nery of Coastal Realty Earns NAR Green Designation

Lori A. Nery - CBR, LMS, GRI, Broker, Vice-President

NEW BEDFORD, MA- A believer in sustainability and environmental stewardship, Lori A. Nery, Broker and Vice President at Coastal Realty, recently received a Green Realtor designation from the National Association of Realtors® (NAR).

As a Green Realtor, Lori brings expertise on green values and eco-friendly solutions, such as sustainable home retrofitting and environmental improvements including solar panels, insulation, use of recycled and repurposed materials, water-efficient landscaping, non-toxic pest control, and the use of eco-friendly paints and finishes.

This new certification demonstrates Lori's commitment to always enhancing her real estate knowledge in order to help her clients. Lori also holds the CBR (Certified Buyer Representative), LMS (Loss Mitigation Specialist), GRI (Graduate Realtor® Institute), and W.H.A.L.E. (Waterfront Historic Area LeaguE) specialist designations.

New Bedford Commercial Lease Announced

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of 1249 Ashley Blvd, in the north end of New Bedford, MA.

The location has 800 square feet of commercial office space, in a building containing several other professional offices. .

The Lessor was 1249 Ashley Blvd Realty, LLC, and the Lessee was Stephanie Burke. Ms. Burke is a Reiki Therapist.

The Lessor was represented by Lori A. Nery and Lessee was represented by Joe A. Pinto of Coastal Commercial Real Estate. It was Leased on December 15, 2016, and the lease terms were undisclosed.

CCRE Announces New Bedford Commercial Real Estate Sale

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of an Office Building located at 466 County Street, New Bedford, MA.

The building consists of approximately 3,571 sq ft., on a .34 acre parcel of land.

The building was the Psychological Counseling Center for Dr. Jose Delgado for many years.

It will now be utilized by First Citizen's Federal Credit Union, as they will relocate their 271 Union Street branch to this new location.

First Citizen's Federal Credit Union is headquartered at 200 Mill Road in Fairhaven, MA.

The Seller was Jay Realty Trust and the Buyer was South Coast Real Estate Holdings, LLC. The Sale price was undisclosed.

The Seller was represented by Lori A. Nery from Coastal Commercial Real Estate.

Union Fruit Market Purchases New Bedford Commercial Real Estate

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of a Retail/Service Building located at 111 Ruth St, New Bedford, MA, to Union Fruit Market, Inc.

The building consists of approximately 2,773 square feet of retail/service space, on a .06 acre parcel of land.

The property will be an additional location for their Specialty Grocery Store. Union Fruit Market, Inc is located at 1437 Acushnet Ave, New Bedford, MA 02746.

The Seller was Vanessa Marques and the Buyer was Union Fruit Market, Inc. The Sale price was undisclosed.

The Seller and the Buyer were represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE Announces Commercial Lease in New Bedford

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Lease of an Industrial/Warehouse building located at 67-75 David St, New Bedford, MA.

The location consists of approximately 31,200 square feet of Industrial/Warehouse space. The location will be used for a storage center.

The Lessor was David Street, LLC c/o Acorn Management, and the Lessee was New Skip's Marine, Inc. The Lease price and terms were undisclosed.

The Lessor and the Lessee were represented by Michael Volpe from Coastal Commercial Real Estate.

Kitchen Cabinet Showroom Relocates to New Bedford

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Lease of Commercial Space located at 191 Pope's Island, Suite #1, New Bedford, MA.

The location consists of approximately 1,225 square feet of retail space. The location will be a kitchen cabinet sales office and showroom.

The Lessor was Pope's Island Harbor Development Corp. and the Lessee was MJ JIANG, LLC. The Lease price was undisclosed.

The Lessor and the Lessee were represented by Michael Volpe from Coastal Commercial Real Estate.

New Bedford Commercial Real Estate Lease Announced By CCRE

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Lease of an office building located at 306 Mt Pleasant Street, New Bedford, MA.

The space consists of approximately 3,664 square feet of office space. The location will be used for a counseling center.

The Lessor was The Doherty Family Nominee Trust, and the Lessee was New Bedford Counseling Group, Inc. The Lease price was undisclosed.

The Lessor and the Lessee were represented by Michael Volpe from Coastal Commercial Real Estate.

Acushnet Commercial Building Sale Announced By CCRE

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Sale of a Commercial Building located at 1 Hope Street, Acushnet, MA.

The location has approximately 3,805 square feet of commercial space, on a 1/4 acre of land square foot parcel of land. The location will be used for manufacturing scallop bags.

The Seller was Alabama Properties, LLC, and the Buyer was TJ Bags. The Sale price was undisclosed.

The Seller was represented by Michael Volpe and the Buyer was represented by Lori A. Nery, both from Coastal Commercial Real Estate.

CCRE Announces Commercial Real Estate Sale of Former Morency Carpet Building

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Sale of a Commercial Building located at 1440 & 0 Purchase St, New Bedford, MA.

The building consists of approximately 7,884 square feet of retail commercial space, on a .13 acres parcel of land.

The Buyer was Freedom Restoration & Cleaning, LLC. The property will be an additional location for their commercial/disaster carpet cleaning and restoration business. Freedom Restoration & Cleaning, LLC is headquartered at 531 Main Rd, Tiverton, RI.

The Seller was Paul L. & Bernadette Morency. The Sale price was undisclosed.

The Seller and the Buyer were represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE Announces Commercial Real Estate Sale In New Bedford

NEW BEDFORD, MA - The Nery Corporation, d/b/a Coastal Commercial Real Estate, is pleased to announce the successful Sale of a commercial building and parking lot at 899 Pleasant Street & 0 Foster Street in downtown New Bedford, MA.

The property consists of a 3,325 sq. ft. office/residential building on a 17,661 sq ft parcel, and a 7,763 sq ft parking lot.

This will be the new location for Southeastern New England Dental.

The Seller was Pleasant & Hillman, LLC, and the Buyer was Moftah El-Ghadi, D.M.D. The purchase price was undisclosed.

The Sellers and Buyers were represented by Michael Volpe from Coastal Commercial Real Estate.

Dartmouth Commercial Real Estate Lease Announced

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Lease of Real Estate (Commercial Building) located at 360 Faunce Corner Road, Dartmouth, MA.

The property consits of approximately 375 square feet medical office space. The location will be used for a neurology center.

The Lessor was Geoff Morin and the Lessee was James C. Lisak, MD. The Lease price and terms were undisclosed.

The Lessor and Lessee were represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE announces Fairhaven Commercial Real Estate Sale

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of Real Estate and Commercial Building located at 360 Alden Road, Fairhaven, MA.

The property consists of approximately 5,820 square feet of warehouse/commercial space on a 34,170 square foot parcel of land. The property will be the new location for Southeast Fire Equipment.

The Seller was Alves Realty, LLC, and the Buyer was RAR Alden Rd Realty, LLC. The Sale price was undisclosed.

The Buyer was represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE announces Kempton St. Commercial Building sale in New Bedford

NEW BEDFORD, MA - Coastal Commercial Real Estate is pleased to announce the successful Sale of Real Estate located at 1000 Kempton St. Commercial Building, New Bedford, MA.

The property consists of approximately 7,639 square feet of retail commercial space on a 5,618 square foot parcel of land. The location will remain as an automotive parts store.

The Seller was Beverley Morgan Charitable Trust and the Buyer was Michael Panagakos. The Sale price was undisclosed.

The Seller was represented by Lori A. Nery and the Buyer was represented by Michael Volpe from Coastal Commercial Real Estate.

Realtor® Mathew Arruda achieves real estate milestone

Mathew J. Arruda, GRI, Realtor

Coastal Realty is delighted to announce, Realtor® Mathew Arruda, GRI has achieved a major milestone in the real estate industry!

In the first 6 months of 2016, Mat's expert knowledge and enthusiasm has guided Buyers and Sellers to 36 transactions with nearly $8M in sales.

Mat truly enjoys his ability to help all his clients achieve their goals! After starting in January 2014, he has now become one of the top 5 Realtors in Bristol and Plymouth Counties. His podcast interview was recently featured on Inman News (the country's #1 Real Estate online periodical).

Mat is a recent graduate of Massachusetts Association of Realtors® Leadership Academy and serves at the state level.

Mat Arruda is an alumnus of Northeastern University & Bishop Stang High School. Raised in Dartmouth & a current New Bedford resident, he is fluent in Portuguese.

Mat is a dedicated Real Estate Professional and takes great pride in his work. If you are considering buying or selling a home, Mat will be your trusted advisor.

CCRE announces sale of New Bedford properties

NEW BEDFORD, MA- Coastal Commercial Real Estate is pleased to announce the successful Sale of Real Estate located at 253 Cedar St Commercial Building & the abutting property, 4 Norton Ct Residential Building, New Bedford, MA.

The 12,198 sq. ft. commercial building on a 25,652 sq. ft. lot and the 1,096 sq. ft. residential property on a 6,755 sq. ft. lot, location will be used for a Sheet Metal and Roofing Company.

The Seller was Norris H. Tripp Inc., Co. and Cedar Willis Properties, LLC and the Buyer was 4 Norton Ct LLC. The purchase price was undisclosed.

The Seller was represented by Lori A. Nery and the Buyer was represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE announces sale of commercial property in Carver, MA

NEW BEDFORD - The Nery Corporation, d/b/a Coastal Commercial Real Estate, is pleased to announce the successful Sale of commercial property located at 247 A&B Tremont St, Carver, MA.

The historic two-story 4,200 sq. ft. former Benjamin Ellis School was built in 1932 and will be the new showroom location of Southcoast Kitchen Designs which will consolidate their previous sites in New Bedford and Middleboro, MA.

The Seller was, Mutton Island Realty Co., LLC / Clark A. Griffith, Manager, and the Buyer was Synecti Corp. / Matthew R. Arguin, President. .

The Buyers was represented by Michael Volpe of Coastal Commercial Real Estate. It was Sold on September 24, 2015. The price was undisclosed.

New Bedford office lease announced by CCRE

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of office space located at 46 Foster Street, New Bedford, MA.

The 1,500 sq. ft., 1st floor Unit 1S, will be an additional location for Altranais Home Health Care Services of Tewksbury, MA.

The Lessor was North & Foster, LLC, and the Lessee was Altranais Home Care, LLC. .

The Lessors were represented by Michael Volpe from Coastal Commercial Real Estate.

CCRE announces lease of commercial space in Dartmouth

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of commercial space at 515 State Road, Dartmouth, MA.

The 1,467 sq. ft. retail space in St. Anne's Plaza ("Shopping Plaza") will be an additional location for 4 Nails and Spa, who have 5 other locations throughout MA & RI. They plan to open in January 2016.

The Lessor was The Kopaczewski Family Nominee Trust and the Lessee was 4 Nails and Spa, Inc.

The Lessors were represented by Michael Volpe from The Nery Corporation d/b/a Coastal Commercial Real Estate.

New Bedford industrial building sold

NEW BEDFORD, MA- The Nery Corporation is pleased to announce the successful Sale of 314 Church St, New Bedford, MA 02745.

The 16,300 SF Retail/Industrial Building on prime corner lot located on .455 acres with 2 additional lots included, .255 acres & .225 acres, will be a new location for Assured Collision, Inc., a collision/mechanical and towing company. They are also located in Walpole, MA.

The Seller was Rexel Patriot Acquisition LLC and the Buyer was William Needle, Sr.

The Sellers and Buyers were represented by Michael Volpe form Coastal Commercial Real Estate.

Coastal Commercial Real Estate Sales and Leasing is a division of The Nery Corporation and specializes in office, retail, commercial, industrial and warehouse properties. It is located at 700 Pleasant Street, Suite 330, New Bedford, MA 02740, 508-990-4280.

CCRE announces New Bedford property sale

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Sale of 674 Summer Street, New Bedford, MA 02740. The property features a 2,551 SF office/retail warehouse with 5 garages, situated on a 0.08 acre lot. This location will be the new home of Potter Electric Company.

The Seller was Jeffery A. Messier and the Buyer was Ryan Potter.

The Buyer was represented by Michael Volpe form Coastal Commercial Real Estate.

Two retail sites leased in North Dartmouth

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of two retail spaces at 634 State Road, North Dartmouth, MA 02747.

A 3,300 SF retail site on Route 6 will be a new location for the Fiesta Mexican Restaurant. This is the 4th location for the group. They are also located in Somerset, Norton, and East Bridgewater, Massachusetts.

The Lessor was 634 State Rd LLC and the Lessee was Fiesta Mexican Restaurant.

A 1,500 SF space was also leased and will be a new location for a Convenience Store, Gold Star Market. The Lessor was 634 State Rd LLC and the Lessee was Gold Star LLC.

The Lessors/Lessees were all represented by Michael Volpe from Coastal Commercial Real Estate.

Building re-use, food revival part of commercial real estate trends

Just like the meteorologists who are predicting warmer weather and sunny days after a long, dreary winter, local commercial real estate brokers are forecasting a healthier market with increased sales and a growing interest in the SouthCoast.

Read more ...

CCRE announces Dartmouth property sale

NEW BEDFORD, MA- The Nery Corporation d/b/a/ Coastal Commercial Real Estate is pleased to announce the successful Sale of 668-670 State Road, Dartmouth, MA 02747.

A total of 11,473 sf commercial buildings, 10,000 sf retail building and 1,473 sf office building, consisting of two (2) parcels, 0.71 Acres and 0.63 Acres.

The Seller was Sears Furniture Manufacturing Inc., and the Buyer was CRCG Commercial Holdings LLC. The Sellers were represented by Michael Volpe, Coastal Commercial Real Estate.

It was sold on December 19, 2014, and the purchase price was undisclosed.

CCRE announces property sale in Fall River, MA

NEW BEDFORD, MA- The Nery Corporation is pleased to announce the successful Sale of 102 County St., Fall River, MA 02723. A 12,000 SF Office Building situated on a 0.78 Acre lot will be a new location for an existing print shop. Express Printing will move from 192 Anawan Street, also in Fall River.

The Seller was Rockefella Properties LLC. and the Buyer was Paiva Corp / Arthur Paiva.

The Sellers were represented by Michael Volpe form Coastal Commercial Real Estate.

CCRE announces lease in Fall River, MA

NEW BEDFORD, MA- The Nery Corporation is pleased to announce the successful LEASE of 222 Milliken Blvd., Fall River, MA. Containing 700 sf of Medical Office Space, the term lease is for a new chiropractic care practice.

The Lessor was Silvia Family Chiropractic and the Lessee was Eastside Chiropractic Center, Inc.

The Lessee was represented by Michael Volpe of Coastal Commercial Real Estate.

CCRE announces sale of 10.9 acre parcel of land in Freetown, MA

NEW BEDFORD, MA- Kevin A. Nery, President of The Nery Corporation is pleased to announce the successful Sale of 154 South Main Street, Freetown, MA 01702 - (10.9 acres of land).

The Seller was The Estate of Helen Szczepkowski and the Buyer was S & S Freetown, LLC. It will be the location of a Stop & Shop Warehouse.

The Sellers were represented by Noble Vincent of Coastal Commercial Real Estate.

The property was sold on August 21, 2014. The purchase price was undisclosed.

CCRE announces sale of mixed use building in Taunton, MA

NEW BEDFORD, MA- Kevin A. Nery, President of The Nery Corporation is pleased to announce the successful Sale of 161 W. Water St. Taunton, MA on December 27, 2013. Purchase price was undisclosed.

The 2,415 sf mixed use building in Weir Village with a residential apartment on 2nd and 3rd floors. The sale included the business known as "Joe the Tailor" owned for 40 years.

The Seller was Marlene Braganca, Trustee of Batista Family Irrevocable Trust and the Buyer was Tuyet Pham.

The Seller was represented by Michael Volpe of Coastal Commercial Real Estate.

Coastal Commercial Real Estate announces sale of 15-19 Smith Ave, Smithfield, RI

NEW BEDFORD, MA - Kevin A. Nery, President of The Nery Corporation is pleased to announce the successful sale of 15-19 Smith Avenue, Smithfield, RI. The 7,860 sq. ft. mixed use commercial plaza, multi family residence and warehouse are on a 1.35 acre parcel. It was sold on November 5, 2013 and the purchase price was undisclosed.

The Seller was E & E Realty Co., and the Buyer was Branch Plaza, LLC. The Sellers was represented by Michael Volpe of Coastal Commercial Real Estate.

CCRE announces commercial building sale in Freetown, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of 31- 33 Middleboro Rd. Freetown, MA consisting of a 5,526 sf commercial building and a single family, 1,324 sf home on 4.06 acres. This unique property, a former antique store and liquor store, has frontage on Middleboro Road and County Road.

The Sellers were REEM Property, LLC and the Buyers were Oliveira Brothers Material, LLC. It was sold on October 31, 2013 and the purchase price was undisclosed.

Lori A. Nery, CBR, LMS, GRI, Vice President / Broker of Coastal Commercial Real Estate brokered the transaction.

Coastal Commercial Real Estate announces commercial building sale in New Bedford, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 6,227 sf commercial building on .43 acres in the New Bedford, MA Historic District located at 73 N. Water St. (11 William St.). It was the longtime home of Hiller Printing Company who will be relocating the business.

The Sellers were Hiller Printing, Inc. and the Buyers were the 11 William Street Real Estate Trust, LLC. It was sold on October 29, 2013 and the purchase price was undisclosed.

Lori A. Nery, CBR, LMS, GRI, Vice President / Broker of Coastal Commercial Real Estate brokered the transaction.

Coastal Commercial Real Estate announces the sale of retail property in Mattapoisett, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 1,991 sf retail / office building on .52 acres on busy Route 6 at 145 Fairhaven Rd., Mattapoisett, MA. The purchase price was undisclosed.

The Sellers, The A. F. Belliveau, Revocable Trust, were represented by Michael Volpe of Coastal Commercial Real Estate.

The Buyers were KLM Realty Trust and they will locate a local real estate office at this location.

Coastal Commercial Real Estate announces the lease of commercial space in Taunton, MA

New Bedford, MA – The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of 1,056 sf of commercial space at 400 Bay St., Taunton, MA.

The Lessor is Derek Dagesse and the Lessee was Keith E. Gendreau. Terms of the lease agreement were undisclosed.

The Lessor was represented by Mike Volpe of Coastal Commercial Real Estate. The location will be used for a fast food establishment.

CCRE announces the sale of professional Medical Building, Wareham, MA

New Bedford, MA – The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Sale of a 3,274 sf professional medical / office building on a 16,944 sf lot located at 194 Main Street, Wareham, MA.

The Sellers were Dr. John Howard, Dr. Thomas L. Gleason and Dr. Thomas Geagan and the Buyer was 194 Main Street Real Estate Trust. Terms of the sale were undisclosed. It will be the new home of a chiropractic and massage therapist office.

Both parties were represented by Coastal Commercial Real Estate. The Seller was represented by Chad Brubaker and the Buyer was represented by Mike Volpe.

Coastal Commercial Real Estate announces commercial space lease in New Bedford

New Bedford, MA – The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of 3,500 sf of 1st class commercial space at 81 Welby Rd., New Bedford, MA.

The Lessor was MDI Realty, Inc. The Lessee was Doorway to Heaven Worship Center. Terms of the lease agreement were undisclosed.

The Lessor was represented by Mike Volpe of Coastal Commercial Real Estate. The location will be utilized as a House of Worship.

Coastal Commercial Real Estate announces 485 Kempton St., New Bedford, MA lease

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful Lease of the 5,500 sf of office and warehouse space in New Bedford, MA. The Lease date was May 1, 2013.

Noble Vincent of Coastal Commercial Real Estate represented the Lessor, Deerfield Run, Inc. and assisted the Lessee, Glassman Services, Inc.

It will be the new location and headquarters of SERVPRO of Dartmouth / New Bedford South and Middleboro / New Bedford North owned by Douglas Glassman.

Coastal Commercial Real Estate announces office building sale in Dartmouth, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 5,247 sf office building on a one acre lot at 77 Wolcott Avenue, Dartmouth, MA. The sale date was April 18, 2013 and the price was undisclosed.

Noble Vincent of Coastal Commercial Real Estate represented the Buyers, Chamberlain Commercial Property, LLC. Chamberlain Medical Inc., a Heath Services company currently in Fall River, MA will relocate their headquarters to this new location.

Coastal Commercial Real Estate announces business property sale in Wareham, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 32,680 sf warehouse building on 6.36 acres located at 3 Thacher Lane in Wareham, MA. The purchase price was undisclosed. The sale date was January 16, 2013.

The Sellers were Richard J. Ouimet 2005 Trust represented by Michael Giancola, SouthEast Commercial Real Estate, Inc.

The Buyers were Thacher Road Realty, LLC represented by Noble Vincent from Coastal Commercial Real Estate, New Bedford, MA.

Coastal Commercial Real Estate announces business property sale in New Bedford, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 18,327 sf commercial building on .76 acres near the waterfront in New Bedford, MA.

The Sellers were Work, Inc. and the Buyers were the William Street Corporation. It was sold on January 24, 2013 and the purchase price was undisclosed.

The Sellers were represented by Lori A. Nery, CBR, LMS, GRI, Vice President of Coastal Commercial Real Estate. The Buyers were represented by Jeff Pontiff, E. J. Pontiff Real Estate.

Coastal Commercial RE announces business property sale in New Bedford, MA

NEW BEDFORD, MA- The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of the 5,740 sf commercial warehouse building on .49 acres located in New Bedford, MA on December 28, 2012.

The Sellers were Anderson and Olsen, Inc. and the Buyers were Raedyl, LLC, a construction trade company in New Bedford. The purchase price was undisclosed.

The Buyers were represented by Noble Vincent from Coastal Commercial Real Estate.

Coastal Commercial Real Estate announces business property sale in Fairhaven, MA

NEW BEDFORD, MA- The Nery Corporation is pleased to announce the successful sale of the Ice Chest Bar and Grille and Real Estate located in Fairhaven, MA. The Sellers were Ice Chest. / Huttleston Avenue Realty, LLC and the Buyers were On Ice Realty, LLC / Ice House, LLC.

The Ice Chest, established in 2007 evolved into a popular gathering place on Route 6 in Fairhaven. The former owners provided a successful format which included good food and live entertainment. The real estate was included in the transaction and includes a 2,450 sq. ft. modernized building on 1.2 acres of land with plenty of parking.

Kevin A. Nery, CBB, CBI, M&AMI, President brokered the transaction.

The Nery Corporation provides Brokerage / Intermediary services for Sellers and Buyers of businesses and commercial real estate throughout New England.

Lori A. Nery Selected Greater New Bedford Association of REALTORS 2012 REALTOR of The Year!

NEW BEDFORD, MA - The Greater New Bedford Association of Realtors have selected Lori A. Nery, CBR, LMS, GRI as 2102 REALTOR® of The Year.

REALTOR® of The Year is the highest honor that the REALTOR Association can bestow upon one of its members. The honor goes to the REALTOR who in the past year has gone above and beyond in their business, the community, and all levels of the REALTOR Association. In addition, this individual has to exemplify the REALTOR® spirit, which Lori certainly does.

Lori was honored at the annual ROTY Dinner on September 27, 2012, at the Century House before her fellow Realtors, affiliates, friends and family.

Lori is also the GrNBAR's nomination for the ROTY Award at the state level. Lori was honored at the Massachusetts Association of REALTORS at the 2012 Awards night on September 19, 2012, during the Conference and Trade Show in Providence, RI.

Lori is a full time real estate Broker and Owner of Coastal Realty. She is a UMASS Dartmouth Graduate and has over 30 years of real estate and business experience.

She has achieved the designations of Certified Buyer Representative (CBR), Loss Mitigation Specialist (LMS) Graduate Realtor Institute of Massachusetts (GRI) and a Whale Historic House Specialist.

Lori served as the 2011 President of the Greater New Bedford Association of Realtors and has served on the Board of Directors of the Massachusetts Association of Realtors. In addition Lori has served on the REALTOR Political Activities Committee, Government Affairs Committee, Programs Committee and Community Service Committee.

Lori is a member of the American Business Women's Association. Other organizations that Lori has served include the American Cancer Society, United Way of Greater New Bedford, Charlton Memorial Hospital, SouthCoast Hospital Groups, the Salvation Army, The Women's Fund, and a sponsor / volunteer for Sharon's Walk.

Lori can be reached at her office at 700 Pleasant Street, Suite 330, in Downtown New Bedford. Office: 508-990-4280. Email: lorinery@comcast.net. Fax: 508-990-4288. Cell: 508-736-2387.

New Bedford Dares to Dream

NEW BEDFORD — Bobbing along the Acushnet River on a sparkling morning, you get the sense this storied and long-pummeled city might be on the brink of something great.

A couple of recently derelict mill buildings boast handsome, shiny new windows, and tenants with water views. Workers are transforming another hulking, long-vacant shell into lofts. City economic development chief Matt Morrissey points to the 22-acre Riverside Park and traces the path of the newly funded Riverwalk, which will reconnect residents with the waterfront.

And last week, New Bedford got news that the harbor waters that define this place will no longer be the toxic soup residents have lived with for decades. A $366 million settlement with the parent company of the factory that turned the Acushnet, and the harbor it flows into, into one of the nation's most polluted waterways means it might be clean in seven years, instead of the 40 it was going to take to haul out the carcinogenic sludge.

And that has put spring in a lot of steps around here.

"There are things people thought would never get done," says newish Mayor Jon Mitchell. "People now have reason for hope."

City officials reckon a clean harbor will open New Bedford to more projects like the ones unfolding along the waterfront - restaurants and stores, housing, even more hotels to join the recently opened Marriott, the city's first new hotel in 40 years.

On paper, New Bedford looks grim. According to think tank MassINC, a huge 12 percent of New Bedford residents are unemployed; 44 percent are poor; only 14 percent have a bachelor's degree; 55 percent of kids are already behind by third grade; and an anemic 54 percent graduate high school in four years.

The state of the real city is far more nuanced, and appealing, than that. New Bedford may have lost its industrial past, but it never lost the quirkiness and vitality that made it a magnet for artists. The harbor isn't gussied up, but it's working, and that has its own beauty. Even run-down neighborhoods throb with life, and pride, the product of centuries of immigrant waves. Over the last decade or so, downtown has transformed, its handsome, once-vacant storefronts hosting cafes and vintage stores. You can call New Bedford a lot of things, but generic isn't one of them.

Colleen Dawicki, a project manager at UMass Dartmouth's Urban Initiative, grew up in Fairhaven, across the river. She came back two years ago, after 10 years away, "because something was happening," she says. "It feels reinvigorated." The Initiative just surveyed local households, and 64 percent of respondents said they were satisfied with life in New Bedford.

For others, it is still a hard place to be. Corinn Williams, executive director of the Community Economic Development Center, sees a lot of them - including underpaid immigrant workers, and poor families whose kids flail in the schools. She finds it difficult to see how the needs of waterfront developers mesh with those of residents in low-income neighborhoods.

Mitchell knows the schools are in trouble. He has installed a new superintendent, and negotiated a new teacher contract that allows for better evaluations. City Hall is spreading the prettification, aiming to make Acushnet Avenue, which runs through one of the city's poorest and most diverse neighborhoods, into a destination for the entire city. In addition, the city has been pursuing blue-collar jobs: Decidedly indifferent to the charms of casinos, New Bedford is banking instead on becoming a hub for assembling and transporting wind turbines planned for Nantucket Sound, and beyond.

It's clear City Hall sees a brighter future for New Bedford, making it attractive to middle-class residents, growing the tax base, and having everything follow from there.

Will it happen? If a clean harbor is possible, anything is.

Yvonne Abraham is a Globe columnist. She can be reached at abraham@globe.com

CCRE announces sale of 138 Hatch Street, New Bedford, MA

NEW BEDFORD, MA - Kevin A. Nery, CBB, CBI, M&AMI, President of The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the Sale of the commercial building and property located at 138 Hatch Street in the north end of New Bedford, MA. The 6,940 sf building was sold on November 30, 2011. The Seller was 138 Hatch Street Realty Trust and the Buyer was 138 Hatch Street, LLC., Kelli Arsenault, Manager. Chad D. Brubaker, MBA, brokered the transaction for the Seller. The price is undisclosed.

Coastal Commercial Real Estate Sales and Leasing is a division of The Nery Corporation and specializes in office, retail, commercial, industrial, warehouse and development properties. It is located at 700 Pleasant Street, Suite 330, New Bedford, MA 02740.

CCRE announces medical office condo sale in Middleboro, MA

NEW BEDFORD, MA- Kevin A. Nery, President of The Nery Corporation is pleased to announce the Sale of 511 West Grove Street, Unit 104, Middleboro, MA. The 2,015 sq. ft. Medical Office Condominium was sold on June 30, 2011. The Seller was James S. Broome, MD, Trustee of the 511 West Grove Street Trust and the Buyer was Morton Hospital and Medical Center, Inc., Taunton, MA. Ridgway J. Crouch, CMEA, SBA, Senior Associate brokered the transaction. The purchase price was $275,000.

Coastal Commercial Real Estate Sales and Leasing is a division of The Nery Corporation and specializes in office, retail, commercial, industrial and warehouse properties.

Coastal Commercial Real Estate announces business property sale in New Bedford, MA

Business property sale in New Bedford, MA

NEW BEDFORD, MA - Kevin A. Nery, CBB, CBI, M&AMI, President of The Nery Corporation is pleased to announce the sale of 75 MacArthur Drive, a 1.56 acre site with a 11,500 sq. ft. building on the New Bedford, MA waterfront on March 1, 2011. The Seller was Mr. Peter Barry/ Petal Realty, LLC and the Buyers were Street Side Realty, LLC and Northern Wind, Inc. Raymond L. Messier, Senior Associate brokered the transaction. The purchase price was undisclosed.

The site has been an auto dealership / repair and collision center for years and most recently was leased as a health and fitness facility. The planned use is for a seafood processing warehouse.

Coastal Commercial Real Estate Sales and Leasing is a division of The Nery Corporation and specializes in retail, office, commercial, industrial and warehouse properties. It is located at 700 Pleasant Street, Suite 330, New Bedford, MA 02740.

Lori A. Nery Elected 2011 President of GRNBAR

Lori A. Nery, CBR, LMS, GRI, Owner / Broker of Coastal Realty and Vice-President of The Nery Corporation, has been elected the 2011 President of the Greater New Bedford Association of Realtors© (GRNBAR). After several years serving on GRNBAR committees and the Board of Directors, Lori will now serve as President for 2011.

A licensed Real Estate Broker in MA and RI, Lori has obtained the GRI (Graduate Realtor Institute), CBR (Certified Buyers Representative), LMS (Loss Mitigation Specialist), and WHALE Historic Home Specialist designations during her career.

Mrs. Nery is a founding member of the New House Buyer’s Program and a member of the Massachusetts and National Association of REALTORS©. Lori is a committee member of REALTORS© for Charity, a Relay for Life team coordinator, Habitat for Humanity volunteer, member of the Friends of Buttonwood Park, and the Buttonwood Park Zoological Society. Lori Nery is a proud member and volunteer of the American Cancer Society and Heart Association. Congratulations!

Coastal Commercial Real Estate announces the sale of business property in North Dartmouth, MA

New Bedford, MA - The Nery Corporation d/b/a Coastal Commercial Real Estate is pleased to announce the successful sale of 789 State Road, North Dartmouth, MA, on December 15, 2010. The Seller, Nelson Real Estate Management, LLC, sold the 3.46 acres with a 3,200 sq. ft. commercial building to Palm Coast Management Co., LLC. Raymond L. Messier, Broker, represented the Seller. The purchase price was undisclosed.

Steady improvement predicted for commercial market

New Orleans, LA - While still experiencing challenges, the commercial real estate market could see signs of steady improvement in the near future, specifically concerning lending. This is according to two economists at the Economic Issues and Commercial Real Estate Business Trends Forum at the 2010 REALTORS® Conference & Expo in New Orleans today.

National Association of REALTORS® Chief Economist Lawrence Yun and Hugh Kelly, clinical professor of real estate at New York University Schack Institute of Real Estate, shared their predictions surrounding the commercial market, indicating a slight improvement in commercial lending.

"Banks' profits have returned to healthy levels. As a result, it is inevitable they will return to the business they were created for, which is lending," said Yun. "Commercial real estate has experienced a sharp price correction, but there is still a shortage of buyers because of lack of adequate capital resources."

Kelly pointed out that most commercial mortgages have been random and idiosyncratic, stressing that the lending environment should not remain that way. "The banks are in the driver’s seat, meaning they can cherry-pick deals and there is no stigma to turning away business," said Kelly. "The capital flow in the commercial real estate market has been very selective. To achieve full recovery, lending practices must improve."

In addition to capital flow, the commercial market depends largely on job creation. Yun stated that since the beginning of 2010, 1 million jobs have been created, yet this number is not high enough. "We have turned a corner and while some job creation is good, we are still at close to 10 percent unemployment," said Yun. According to Yun, the country needs to create much more than 100,000 jobs per month to have a meaningful impact on vacancy rates.

Another challenge affecting the commercial market is corporate profits versus business spending. Yun said in an ideal market, corporate profits and business spending correlate; however, business spending currently is stagnant. Corporate profits have returned to normal, yet companies are not spending their cash. Yun described several reasons for why businesses are not spending, but he said it comes down to consumers and companies being unsure of the future economic climate.

A majority of the commercial real estate sectors are still experiencing hardships with office and retail vacancies continuing to rise. However, Yun said with imports and exports in the U.S. rising, the demand for industrial space will improve. The only sector continuing to perform well is multifamily. Vacancy rates for multifamily properties are falling and rents are expected to rise. Yun said this was mostly due to home ownership rates falling and people postponing home purchases.

Yun's 2011 commercial forecast shows steady improvement in the market with rents stabilizing and net absorption slowly improving. Yun also predicts a moderate GDP expansion of 2 percent to 2.5 percent in the next two years and an unemployment rate of eight percent in 2012 and six percent in 2015.

The National Association of REALTORS®, "The Voice for Real Estate," is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Coastal Commercial Real Estate announces the sale of business property in Middleboro, MA

New Bedford, MA - Coastal Commercial Real Estate (CCRE), a division of The Nery Corporation, is proud to announce the Sale of real estate located at 353 W. Grove Street in Middleboro, MA, on October 26, 2010. Broker Lori A. Nery, CBR, LMS, GRI, Broker / Vice President of CCRE, represented the Seller, Sharen Cacciatore. The Buyer, John E. Vercollone, owns Verc Rentals in Plymouth, MA. The sale price was undisclosed.

Coastal Commercial Real Estate announces the sale of business property in Fairhaven, MA

New Bedford, MA- Coastal Commercial Real Estate (CCRE), a division of The Nery Corporation, is proud to announce the sale of the real estate at 366 Main Street, Fairhaven, MA on September 24, 2010. Broker Lori A. Nery, CBR, LMS, GRI, Broker / Vice President of CCRE, represented the Seller, Joyce E. Lopes. The Buyer was Kevin Halle. A new, full service Salon is planned.

The Nery Corporation announces the sale of the Black Bass Grille in South Dartmouth, MA

New Bedford, MA - Kevin Nery of The Nery Corporation announces the sale of the Black Bass Grille in South Dartmouth, Padanaram, MA, on April 29, 2010. The transaction included the Restaurant business known as the Black Bass Grille and the Real Estate at 3 Water Street, Dartmouth, MA. Rob Stephens, Coastal Business Brokers, represented the Seller, 3 Water Street, Inc. / 3 Water Street Realty Trust and Olde Dartmouth Sotheby’s International Realty represented the Buyer, Matthew Rooney, formerly General Manger of The Kinsale Inn in Mattapoisett, MA. The sale price was undisclosed.

The restaurant is currently closed for renovations and is expected to open on May 11, 2010. The Black Bass Grille is a well-known, popular local gathering place serving both lunch and dinner.

CCRE brokers Lease / Purchase contract for new fitness facility in New Bedford, MA

Coastal Commercial Real Estate (CCRE), a division of The Nery Corporation, is proud to announce that it has brokered a Lease / Purchase contract between Mr. Andy Cimbron / Powerhouse Gym and Mr. Peter Barry / Petal Realty on Petal’s 9,600 square foot, 1.5 acre property at 75 MacArthur Drive in New Bedford, MA, in October 2009. Raymond L. Messier brokered the transaction.

Mr. Cimbron has a successful fitness center, Powerhouse Gym, in Plymouth, MA, and is preparing the property for a second fitness facility in New Bedford, MA. The planned opening is March 15, 2010.

Top Ten Reasons to Select Coastal Commercial Real Estate

  1. Results - A proven record of successfully completing sales and leasing transactions.
  2. Experience - Our firm's professional staff has many years of experience and also takes part in up-to-date training and continuing educational courses.
  3. Marketing - In addition to exposure on Internet web sites such as Loopnet, CoStar, and MLS Commercial, we also operate within a vast network of Commercial Real Estate Brokers, Investors, Lenders, Accountants, Attorneys, Financial Advisors, etc. This enables us to effectively connect with decision-makers in the marketplace.
  4. Advertising - In addition to the Internet, we reach out through print advertising, direct mail, and our own proprietary data base of Buyers and Investors.
  5. Presentation - We create professional informational data sheets on all opportunities and a Confidential Memorandum Book for Investors.
  6. National Network - Your opportunity will be presented to Buyer's / Investors at the local, regional, and national / international levels.
  7. Confidentiality - If needed, you will be protected throughout the process.
  8. Our Network - Our companies work in a very active business environment, interacting on a daily basis with business owners, company presidents, CEOs, etc., which provides effective networking utilizing all our resources.
  9. Professional Network - Over the years we have established an excellent reputation amongst professionals and government officials, and have their mutual respect and admiration.
  10. Co-Ordination - We manage and control the entire process, from start to finish.

Please contact us today and the professionals at Coastal Commercial Real Estate will focus on successfully achieving your goals.

Commercial real estate news, New Bedford, SouthCoast MA, RI Commercial real estate news, New Bedford, SouthCoast MA, RI

Commercial real estate news, New Bedford, SouthCoast MA, RI

Contact Us!

All information provided is CONFIDENTIAL.
Items marked with an asterisk (*) are required.

* Name:

Phone Number:

* Email:

Comments:

* Enter The Numbers From The Above Image:

Sign up for our newsletter