Aho of O'Brien Comm'l. Props. reps. Recall Total Info. in 27,533 s/f lease
Joel Aho of O'Brien Commercial Properties recently represented Recall Total Information Management, Inc. in leasing 27,533 s/f of warehouse space at 360 Cedar Hill St.
In addition Aho recently represented the ownership and procured the buyer in a 14,199 s/f building sale in Devens, for $650,000. The new ownership plans to renovate the current flex building and reintroduce it to the market with space for lease.
"In light of the difficult environment for financing vacant investment properties, we are proud to point to this deal as an example of our creative approach to finding the right players to close deals in the current market," said Aho.
The property consists of 4,000 s/f of warehouse space, 4,000 s/f of office space and the balance being fully air conditioned flex area.
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