Becoming more focused, I guess.

I am surprised to see in the Daily News, that Karp’s Newburyport Development has sold the Pond Street CVS complex for a little under $11,000,000.      This will certainly give them some cash to maneuver for their upcoming work on the Waterfront West Overlay District.         They have sold it to 13-1/2 Pond Street Newburyport LLC.       I would be very interested as to whom are the officers in this mysterious new corporation.

-P. Preservationist
http://www.ppreservationist.com

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This entry was posted in Businesses, News and politics, Organizations, Planning, Real Estate. Bookmark the permalink.

4 Responses to Becoming more focused, I guess.

  1. Greg Caldwell says:

    It’s one of Karp’s LLCs. Very common in RE and no secret.

    Verizon Wireless 4G LTE 

  2. Tom says:

    Same people. Just creating more, smaller LLC’s to further limit their liability. Standard procedure for real estate developers.

    Agent:
    NED MANAGEMENT CO., INC.
    ONE WELLS AVE
    NEWTON, MA 02459.

    Manager:
    NEWBURYPORT MANAGER LLC
    ONE WELLS AVE.
    NEWTON, MA 02459

    Managers of THAT LLC:
    Steven and Douglass Karp
    Steven Fischman

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