Jon Angel, president of Angel Commercial LLC, has leased 6,600 s/f of industrial space at 49 Research Dr., Unit C, to Summit Screw and Machine Corp.
Summit Screw & Machine is a precision Swiss screw machine shop that has been providing quality turned screw machine components and screw machine parts for over 40 years. With roots firmly established in Milford, the company will not be moving far from their current location on Eastern Steel Rd.
"Summit outgrew their 3,000 s/f building and needed space to accommodate current and future business needs. 49 Research Dr. is an ideal fit, offering flexible manufacturing and office spaces," said Angel, who represented the landlord in the lease negotiations.
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