Aho of O'Brien Commercial Properties represents Vestas Tech. in 9,040 s/f lease
Joel Aho of O'Brien Commercial Properties recently represented Vestas Technology R&D Americas, Inc. in leasing 9,040 s/f of office/manufacturing space at 399 River Rd.
Vestas Americas, which is part of one of the largest wind turbine manufacturing companies in the world, is headquartered in Portland Oregon. This new location will act as a research and development hub for the company. Massachusetts governor Deval Patrick paid a visit to Vestas' Portland offices earlier this year, as the state is mandated to receive 20% of its electricity from renewable sources by 2020.
Bob McGuire and Alison Powers of CB Richard Ellis/New England represented the landlord in the transaction.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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