Aho of O'Brien Commercial Properties, Inc. handles two leases and $310,000 sale
Joel Aho of O'Brien Commercial Properties, Inc. has completed the following deals:
* EO Vista LLC has been added as a new tenant at 42 Nagog Park in Acton. The company is an optical instruments and lenses manufacturer that was founded in 2013. Individuals associated with the company had previously occupied the building as a part of BAE Systems. The landlord had a great working relationship with the previous occupants, and they were interested in returning to this location with the new company. Aho represents the ownership in marketing this property where there is currently warehouse space for lease as well as a small cleanroom.
* Aho represented the seller, Chase-Walton Realty, LLC, in the sale of 3.24 acres of land on Brent Dr. in Hudson, Mass. for $310,000 to NEI Realty Trust. The property was originally part of a larger parcel that also had a 58,000 s/f building on site. Aho had recently represented the ownership in the sale of the larger parcel and building, and the smaller site had been under agreement subject to the sale of the larger parcel and building.
* Aho represented ATSE, LLC in the lease of 9,320 s/f of space at 104 Otis St. in Northboro, Mass. ATSE provides engineering consulting and process development services with expertise in high power electronics and electromagnetic machinery.
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