Amadei of RW Holmes Realty leases 22,500 s/f to Newton Wellesley Hospital
Newton-Wellesley Hospital, signed a 15,200 s/f lease renewal at 173 Worcester St., and a new 7,400-s/f expansion in the same office park at 195 Worcester St.
The four-story, 30,000 s/f class B office building at 195 Worcester was constructed in 1981 and renovated in 1996. The single-story, 31,000 s/f, class B office building at 173 Worcester was built in 1973. The structures are located in the David Nassif Office Park, which is in the Wellesley/Needham submarket.
Arthur Amadei, senior vice president of RW Holmes Realty Co. Inc. represented the landlord, David Nassif Co. Julie Gray, senior vice president of McCall & Almy Inc., represented the tenant.
Since 1976 R.W. Holmes has assisted corporations and investor/developers with their local, national, and international real estate needs. R.W. Holmes specializes in property leasing, investment sales, tenant representation, consulting and asset management.
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