Massachusetts Couple Buys Putnam Office Park

0:00A Massachusetts couple just snapped up a three-building office park in Putnam for $3.9 million. The deal, recorded on March 20, involves the three-acre property at 35-39 Kennedy Drive, which hosts several medical offices. The buyers, James and Lisa Stokage, from Dudley, formed a limited liability company to handle the purchase. Sellers include folks from Florida, Rhode Island, and local Thompson resident Walter Papiac through his firm Riverwalk Partners. The 63-year-old Stokage is moving toward low maintenance investments by triple-net leases, where tenants cover upkeep, taxes, and insurance. This setup lets him prioritize his insurance work and family time while eyeing more medical offices and retail strips up to 30,000 square feet. He plans simple upgrades like better landscaping, resealing the parking lot, and fresh striping to boost the property's look. Brokers Taylor Perroun and Bradley Balletto from Northeast Private Client Group handled

1:02the sales side. With steady medical tenants in place, this deal signals steady demand for professional spaces in the area, and the Stokages are poised to build on, that momentum. From your city, powered by AI, this is Hartford News Today.