News: Front Section

Aron of Metrowest Commercial Real Estate handles 7,800 s/f lease

92 Blandin Avenue - Framingham, MA

Framingham, MA Stonegate Industrial Park has a new tenant. Cognex, a global manufacturer of machine vision systems and software used in automated manufacturing and robots, has leased 7,800 s/f. The 147,000 s/f industrial complex is located at 92 Blandin Ave., off of Rte. 135 and one mile from the tenant’s corporate headquarters in Natick.  Cognex has offices in more than 20 countries worldwide.

Marlene Aron

 

Phil DeSimone

 

Marlene Aron sold the complex to Stonegate 92 Blandin Ave. 2015 LLC in October 2015, said, “This location and the properties mix of contiguous units that can easily be sized to meet the tenant’s needs,  has attracted a diverse mix of tenants.  We have a world class ballet school, a construction office for a new apartment  building nearby that is building 200 residential units, a high-end flooring company, a local retailer storing its furniture inventory, a Shark Tank winner producing a product that is a ‘green spray on product’  and protects fabrics, two auto parts distributors, a company that builds convention exhibits and others. With one space left – a 22,454 s/f high bay unit, with 22’ height and loading, we are 80% occupied now and looking to be 100% in 2019.”

Aron, senior broker at Metrowest Commercial Real Estate represented the lessor and Phil DeSimone, managing director at JLL represented the lessee.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in