The Town of North Andover Massachusetts

 

North Andover is a town in Essex County, Massachusetts, home to Merrimack College. North Andover was the home of America’s first published poet, Anne Dudley Bradstreet, from 1646 until her death in 1672. North Andover is the parent town of the Andovers. The lands south of the Merrimack River around Lake Cochichewick and the Shawsheen River were set aside by the Massachusetts General Court in 1634 for the purpose of creating an inland plantation, which was eventually incorporated as Andover, most likely in honor of the hometown of many early residents, who hailed from Andover, in Hampshire, England.

Several first period (pre-1720) houses still stand in town, the oldest of which is probably the Bridges House, the original portion of which probably dates to about 1690. No house in North Andover has been scientifically dated by dendrochronology, so dates are based on stylistic elements and original deeds.

North Andover’s development has been varied, with much of the land along the Shawsheen and Merrimack being largely industrial, while the lands southwest being more agricultural. Companies located in the town have included the Western Electric Company, AT&T’s manufacturing division, which supplied telephone machinery for many years before it was split up by AT&T into the new company, Lucent Technologies. Today North Andover is considered a bedroom community of the greater Boston area.

 

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J. Butler Property Management, LLC. : North Andover, Massachusetts

Elsewhere on this website, it was observed that the first step on the road to value creation is to assess the property objectively. One stage in the process involves conducting a market analysis. Where will tenants (and their clients or customers) come from? To determine this, the property manager will need to research the economic and demographic factors of both the region and the neighborhood in which the property is located. Certainly, economic conditions of the neighborhood, region or even the country as a whole will affect rental rates. Is employment slowing down? Is the population in the area increasing? Both factors will affect the demand for office space, retail stores and apartments. Typically, demographic factors will include such things as age, race, gender, marital status, household income, family composition and education. The property manager must figure out the subject property’s competitive edge. Even though the property may not be the newest, it could still be the best. What attributes does the property have? What unique characteristics separate it from the competition? Knowing what factors give the subject property the competitive edge is the key to achieving higher rents. These factors are then compared with those of the competition using a comparison (comp) survey or grid. A short list of typical site attributes includes: location, age, building exterior, building interior, parking, access, visibility, signage, tenant mix/synergy, floor plate and building systems.