Abbey Road Advisors broker the following leases for the first quarter of 2011 in Fairfield County and Westchester County.
Fairfield County
TEK Systems, Inc., an international technology staffing and services company, has leased 5,670 s/f at 777 Commerce Dr., Fairfield, and Midland Paper National, LLC has leased 3,379 s/f at 1375 Kings Hwy., Fairfield. Both buildings owned by Abbey Road Advisors are in close proximity to the new MetroNorth train station slated to become operational by October 2011. CMR Associates, risk management and investment consultants, expanded from existing space to 3,721 s/f at 1375 Kings Hwy.
Westchester County, NY
My Publisher!, a self-publishing house for photo books, calendars and cards, has extended its current lease of 25,544 s/f at 400 Columbus Ave., Valhalla, N.Y, and expanded into an additional 6,050 s/f for a total of 31,594 s/f.
The Yonkers District Office for the Department of Health has renewed its lease for 12,090 s/f at 20 South Broadway, and the Westchester County Educational Opportunity Center has renewed its lease for 33,672 s/f at 26 South Broadway, both in Yonkers, NY. Attorney Steve Anduze has also renewed his lease for 1,559 s/f at the same location.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary