Angel Commercial completes three deals totaling $950,000 and 22,300 s/f
After only two years at their 7,000 s/f facility at 10 Norden Park, Circle One Marketing has expanded by an additional 3,300 s/f of class A office space. Circle One is an advertising company with over 40 employees. Brett Sherman of Angel Commercial, LLC represented Circle One in the original lease and the expansion negotiations.
DLTC Landscape Contractors has purchased 214 Central Ave., Bridegport from Videira's Paving Corporation for $950,000. Relocating from Norwalk, John Sweeney, founder and owner of DLTC since 1983, purchased the 8,600 s/f light industrial building on 1.07 acres based on the company's expansion needs. Jon Angel of Angel Commercial represented both parties in this transaction.
Color Film Media Group, LLC, a company providing printed media for industries, has leased 10,400 s/f of space at 540 Barnum Ave., Bridgeport, from Campus Office Park Associates. The new space will be utilized for manufacturing, warehouse and associated office use. Sherman of Angel Commercial represented the tenant.
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