Putprush & Morgan Facilitate Sale of Westwood Property

Westwood, MA – November 28, 2011 – Parsons Commercial Group, Inc. (PCG) announced today the completion of the sale of 355 Providence Highway in Westwood, Massachusetts on behalf of the owners, Thormor, Inc. 

Rick Putprush, Managing Director and Matthew Morgan, Associate represented the seller, Thormor, Inc. in the $1,100,000 transaction.   

Rick Putprush, who introduced the buyer DS Realty Trust commented, “The new owners, a Westwood legal practice, who had previously leased space, were looking for the right opportunity to purchase a permanent home for their established practice.” The single story 7,762-SF property is advantageously located and highly visible on Route 1 - the famed “auto-mile”.  

The sale was a complicated transaction, being subject to the seller completing a 1031 tax-deferred exchange on a new property to occupy, in order to be able to sell 355 Providence Highway. “All the parties involved worked well together through closing especially considering the intricacies of the 1031 exchange,” recounts Putprush.