Aron of Metrowest Commercial Real Estate completes four deals
Marlene Aron, senior broker of Metrowest Commercial Real Estate, has recently completed the following real estate transactions:
* 110 Mt. Wayte Ave., a 30,000 s/f single story building will be the new location of a national dialysis center. A 10 year lease has just been signed. Aron represented Baron Properties Inc., the lessor, and David Ross, principal of CresaPartners represented the lessee. The building is being re-evaluated and is for sale.
* 61 Lincoln St., a 904 s/f medical condominium at Lincoln Medical Center has been sold by James Gordon of Gordon Real Estate and Aron of Metrowest. The selling price was $107,000. Lincoln Medical Center is a 3 story brick medical center located next to Metrowest Medical Center.
* 25 Lincoln St., a Victorian office building, will now have an accounting firm on the entire 2nd floor of the building. Aron and Trish O'Neil of Metrowwest represented the seller.
* 255 Worcester Rd., Rte. 9, Empire Vision has extended its tenancy at this 7,000 s/f strip center. The company operates 100's of eye care stores nationwide. Aron has represented the lessor for over 15 years and was able to keep the tenant by negotiating a modified option to reflect the current market.
Aron said, " 2011 has been another tough year for area businesses. Many landlords have offered temporary rent reductions hoping the economy will rebound. Three of the four recent listed transactions were medical based deals. Although the build-out for a medical tenant can be expensive, medical tenants are usually the first choice of many of the landlords that I represent."
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