The Town of Braintree Massachusetts

 

The Town of Braintree is a suburban city in Norfolk County, Massachusetts. Incorporated in 1640, it was named after the English town of Braintree. It comprised land that was later split into Randolph, Holbrook and Quincy, as well as parts of Weymouth and Milton, Massachusetts. The “North Precinct” of Braintree, which is now the bulk of the city of Quincy, was the birthplace of presidents John Adams and John Quincy Adams, as well as statesman John Hancock. General Sylvanus Thayer, known as The Father of West Point,  was also born in Braintree, in the section of town now known as Braintree Highlands. Braintree was the retirement home of the co-inventor of the telephone, Thomas A. Watson.

Principal highways in Braintree are Interstate 93 (which runs concurrently with U.S. 1) and Route 3, as well as 37 and 53. Entering Braintree from the north, I-93, Route 1 and Route 3 all run concurrently as the Southeast Expressway from Boston. In Braintree, they diverge, with Route 3 heading south toward Cape Cod as the Pilgrims Highway, and I-93 and Route 1 heading west toward Route 128.

Notable residents of Braintree have included: Abigail Adams (wife of President John Adams and mother of John Quincy Adams), John Adams, John Quincy Adams, John Hancock, Sylvanus Thayer and Thomas A. Watson (primary assistant of Alexander Graham Bell, assisting in the invention of the telephone).

 

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J. Butler Property Management, LLC. : Braintree, Massachusetts

Elsewhere on this website, it was mentioned that an experienced commercial property manager (who also functions as the leasing agent) realizes the importance of the strategy behind how to negotiate the best possible deal for the client, the landlord, in lease negotiations. Among the property manager’s many serious obligations is the need to determine whether the retail tenant’s sales would ever achieve the level to pay percentage rent. This can be determined by reviewing the sales trends of a prospect’s other stores and comparing the tenant’s sales breakpoint to the national sales averages for this category of retailing, found in the Urban Land Institute’s bi-annual publication, Dollars & Cents of Shopping Centers. If the shopping center has similar retailers or restaurants, their sales can be compared to the prospective tenant’s breakpoint. The sales breakpoint is the amount of annual sales the tenant must generate before it starts to pay percentage rent. If this is not likely, this may be used to gain a concession from the tenant. If the percentage rent provision is negotiated, the tenant is likely to request a lower percentage rate and possibly a high artificial breakpoint. An artificially high breakpoint is a sales amount above the natural sales breakpoint. The natural sales breakpoint is determined by dividing the tenant’s percentage rate into its annual rent. The resulting number is the natural breakpoint. The tenant should be asked to pay percentage rent on all sales above the natural breakpoint. If the breakpoint is negotiated higher than the natural breakpoint, the tenant pays less percentage rent.